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Success factors

4 May, 2016 - 11:25

Once the benefits have been shown, the next step is to preserve them. In order to do so, the following success factors must be kept in mind.

  1. Have the appropriate leadership. Person(s) that can make well based and quick decisions to assure the continuity of the model once it has been implemented.
  2. Create an internal environment of quick and flexible response. All departments of the company must be flexible and adjust quickly to events.
  3. Have integrative indicators and measurements. This is a model “thermometer”, one that will indicate if everything is going smoothly according to expectations or not. The indicators will show warning signs in order to take corrective action.
  4. Have corrective actions or model adjustments. Learn from actual results by quickly adjusting and evolving the business model in an integrative way, being coherent, sound and aligned with the company vision.