What is your long-term game? How do you create capabilities for sustainable and business profitable operations to win both in the medium and long-term?
Already, margins in businesses are shrinking at a faster rate due to the COVID-19 pandemic and generally poor morale and so much misery. Now is the time to explore how to redefine your business or enterprise to emerge better positioned in the target market and resilient.
What is your value creation proposition (strategy) and how to monetize it (business model) today and in the future to win and sustain your market advantages?
Given the relentlessness of change on multiple dimensions, the basis of distinctive advantage is shifting. The future of the competitive banking environment is being shaped by multiple trends that are already unfolding – leveraging on technology, agency banking to grow the pipeline, and reduce operational costs to increase profit margins.
As you discuss the business transformation agenda, do answer the above questions. You need to make deliberate and bold moves to progress. Otherwise, you will be disrupted and lose during these dynamic times of TUNA – turbulent, uncertain, novel, and ambiguous. So, what does transforming boldly mean to your team?
Copyright Mustapha B Mugisa, 2020. All rights reserved.