IGS supported the development of a consolidated strategy for an underground asset information brokerage to support their Digital Transformation strategy.
The Problem
AADBYDS had multiple sources of information in various documents, making it difficult to understand the current state of the business, its place in the market and the strategy needed to protect its business and relevance as an independent entity. An opportunity was identified to use a Strategy Consulting firm to consolidate the information into a single simplified report.
The Challenge
The challenge the CEO had was a long list of “priority activities” which “would all be needed to make any implementation a success”. In some instances, they were small undertakings and others were large transformational projects. They all were missing the full context of the organisation and did not consider the capability the team had available to them.
Our Solution
Integris Group Services achieved this by performing a financial analysis in order to triage and prioritise information to assess the current state. We then summarised the reports outlining an agreed future state and assessed the essential activities (as a subset of what was recommended) to successfully meet their business objectives of retaining their relevance in the market.
Benefits
- Defined approach financial analysis to establish current state,
- Identifying cost-reductions through strategic elimination of non-essential variable costs,
- Working with team members to confirm the analysis & agree on criterion to assess the activities priorities, and
- Established a simplified report of cost-reduction activities for ratification through the board.