{"id":113,"date":"2021-08-13T10:59:52","date_gmt":"2021-08-13T10:59:52","guid":{"rendered":"http:\/\/spab-rice.com\/wordpress\/mogi\/demo\/?p=113"},"modified":"2025-01-01T14:05:57","modified_gmt":"2025-01-01T14:05:57","slug":"finding-opportunity-in-reinvention","status":"publish","type":"post","link":"https:\/\/dellux.com\/?p=113","title":{"rendered":"Finding opportunity in reinvention"},"content":{"rendered":"\t\t
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Data Source PwC<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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1. CEOs emphasize the need to reinvent.<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\u00a0More than a third (34%) of CEOs say that the average competitor in their industry will be out of business within three years if it doesn\u2019t change its business model.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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2. The overall business risk landscape appears to be intensifying.<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The most serious risks to executives are familiar \u2014 cyber attacks, an uncertain macroeconomic environment and the US regulatory environment \u2013 and they\u2019re all up from August 2023. Executives cite the cost of adopting new technology as the top challenge, with 42% saying it\u2019s a significant challenge.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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In the current business environment, US companies need to transform \u2014 repeatedly and holistically \u2014 or risk falling behind.\u00a0<\/h4>

In PwC\u2019s latest Pulse Survey, business executives understand what\u2019s at stake, and they believe they have what they need to reinvent. \u00a0<\/p>

But the data also signal some red flags. Business executives broadly agree on their company\u2019s future vision, but they also believe there\u2019s significant misalignment about how to get there and even how long it will take. This gap in alignment can be a critical factor in your company\u2019s survival or failure.\u00a0\u00a0<\/p>

Meanwhile, almost all companies must deal with a riskier business environment and roadblocks to reinvention. Still, many recognize the need to change how they create, deliver and capture value, and their leaders are looking ahead to fully reinventing their business models.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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34%<\/h2>\n

of CEOs say that an average competitor will be out of business within three years if it doesn\u2019t change its current business model<\/h4>\n \n
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\n\nWhat\u2019s at stake for companies that don\u2019t transform? Their very survival. Among business executives, 76% say that the average company in their industry will be out of business within 10 years unless it changes its current business model. US CEOs are even more likely to see businesses failing, with 82% saying the average company in the US will not survive the coming decade if they fail to change. They have an even more urgent near-term outlook. Thirty-four percent say that an average competitor will go under within three years <\/strong>without change.\n\n<\/div>\n<\/div>\n
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Operating model transformation and business model reinvention are both strategic initiatives aimed at driving organizational change and improving performance, but they focus on different aspects of a business and have distinct objectives.<\/blockquote>\nOperating model transformation involves making changes to how a company operates internally to improve efficiency, effectiveness and agility. Steps may include the redesign and optimization of your organization\u2019s operational processes, structures, capabilities and technologies. Business model reinvention, on the other hand, focuses on reimagining and transforming the fundamental way a company creates, delivers and captures value. It involves making significant changes to the core elements of your business model, such as target customers, value propositions, revenue streams and strategic relationships.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

In the current business environment, US companies need to transform \u2014 repeatedly and holistically \u2014 or risk falling behind. In PwC\u2019s latest Pulse Survey, business executives understand what\u2019s at stake, and they believe they have what they need to reinvent. <\/p>\n","protected":false},"author":1,"featured_media":3024,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","inline_featured_image":false,"footnotes":""},"categories":[39],"tags":[],"class_list":["post-113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-strategy","post-item","isotope-item","sr-item"],"_links":{"self":[{"href":"https:\/\/dellux.com\/index.php?rest_route=\/wp\/v2\/posts\/113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dellux.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dellux.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dellux.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dellux.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=113"}],"version-history":[{"count":22,"href":"https:\/\/dellux.com\/index.php?rest_route=\/wp\/v2\/posts\/113\/revisions"}],"predecessor-version":[{"id":3053,"href":"https:\/\/dellux.com\/index.php?rest_route=\/wp\/v2\/posts\/113\/revisions\/3053"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dellux.com\/index.php?rest_route=\/wp\/v2\/media\/3024"}],"wp:attachment":[{"href":"https:\/\/dellux.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dellux.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dellux.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}