What is an operating model consulting?
Building a strategically aligned, “fit for purpose” operating model continues to be an elusive goal for many companies. Among other things, an operating model determines behavior, workflow and process design, IT decisions, and investment decisions.
How do you approach a target operating model?
Here are four simple steps you can take:
- DEVELOP DESIGN PRINCIPLES. Design principles are high level statements about how an organisation should operate.
- MAP THE TARGET CUSTOMER JOURNEYS.
- DEFINE THE CAPABILITIES REQUIRED.
- ARTICULATE THE CHANGES NEEDED.
What is operating model design?
Operating Model Design is the fifth design process in the FromHereOn Business Design Method, a method designed to align strategic thinking across the business. Operating Model Design takes an inside-out perspective on the business. The customer need provides context, but it adopts a capability-based approach.
Why target operating model is important?
The primary purpose of a Target Operating Model is to enable the application of a corporate strategy or vision to a business or operation. It is a high level representation of how a company can be best organised to more efficiently and effectively deliver and execute on the organisation’s strategy.
What is Bain model?
Put simply, Bain’s business model is selling expertise, strategic thinking, process management, and human capital resources to the world’s leading organizations. Bain continues to differentiate based on the quality of its human capital, relationship management, and its subject matter expertise.
What makes a good target operating model?
People, processes and technology are key components underlining any TOM and are critical to ensure its success. The audience for the operating model will vary depending on the strategic drivers, but it can include executives, strategy teams, marketing teams, project teams, risk managers, IT teams and operational teams.
What are the elements of a target operating model?
To overcome this weakness, the KPMG Target Operating Model includes not three, but six ‘layers’ – Process, People, Service Delivery Model, Technology, Performance Insights and Governance.
What are the four operating models?
The different types of operating models include coordination operating model, unification operating model, diversification operating model, and replication operating model.