Is Zero Cost-Transformation possible?

Yes, it’s possible and has been proved.

Most of the times, major organization’s undertake transformation exercises which are coupled with high pitch campaigns and an announcement of a major capex which is aimed at being their growth or change driver.?The success rates of such exercises are a well-researched fact by most of the leading corporations where the success to failure ratio is abysmal. A simple search would throw up the success percentages from a high of 20% to anything in the low single digits. This sometime is based on the nature of the objective, stakeholders, ownership, focus & capex, etc., E.g., the latest trend is digital transformation which are at the lower end of the spectrum. ??A clear distinction has to be made between a capex implementation and a transformation intervention, segregating these two has often led to better success rates. ?This does not mean the effort was half hearted or not well researched, it is due to set of intervening factors which went out of the controllable band of the organization’s spectrum. ?And wherever transformations have been successful the outcomes have been nothing less than spectacular. This is why the quest for engaging transformation agents is still a high-stakes gamble worth exploring. ?

Zero cost transformation on completion, deliver a phenomenal output jump (min >100%) with a significantly less cost per unit along-with zero investment on capex. In some cases, even disinvestments have helped the organization add to the bottom-line. The positives can be categorized into four categories, namely, Driver for organically driven innovation, market competitiveness, employee motivation and prudent capital management. ?The organization will continue to propel on its steady state internal momentum and will need another similar intervention to re-accelerate as an when needed to achieve another breakthrough.

The significant characteristics for identifying an ideal Zero cost transformation organization are,

1.????Large /medium enterprises which are stagnant or growing at a rate lower than the industry.

2.????Workforce is mature at both, middle management and associate levels. ?

3.????Management is empathetic & flexible to experiment various pilots on the discovery journey

4.????Honesty and openness from senior management.

Zero cost Transformation model helps organizations to build highly competitive products along-with highly motivated employees who appreciate such engagements as it is organic, eliminates change management fears and challenges. The real reward is when the employees, says “I still can’t believe we did it”.?