Managing Director and Senior Partner; Global Leader BCG TURN and Transformation
Always-on business transformation is essential for surviving disruption. To stay ahead, companies must transform even when they’re already dominating their markets. But 75% of business transformation programs fail, largely because most companies lack a disciplined approach. BCG helps clients beat these odds.
Most CEOs consider business transformation to be a top priority. And they’re well aware of the high failure rates of business transformation programs. But despite this awareness, too many executives rely on anecdotal evidence to try to improve their odds of success.
BCG helps these leaders take a decidedly different approach—one that relies on empirical evidence of what really leads to a successful transformation. Most important, BCG analysis of hundreds of transformations shows that starting the transformation process preemptively—when all seems well—delivers greater long-term value than transforming reactively does. What’s more, it does so faster and more reliably.
But even companies that haven’t launched preemptive change efforts and have seen their performance slip can get back on track. BCG helps such companies execute the business transformations essential for combating strategic crises (including declining profitability and shrinking market share), initiate a business turnaround if their situation morphs into a profit crisis, and manage a restructuring if needed to turn insolvency into revitalization.
Our business transformation consultants work shoulder to shoulder with clients to help change their companies’ trajectories—no matter where they are on their transformation journeys.
The brewing company’s president and CEO discusses its recent transformation—what spurred it, details of the implementation, and early results.
BCG helped VF define and execute a multiyear transformation strategy. As a result, VF was projected to increase revenue from $7 billion to $17 billion in nine years while realizing a substantial improvement in profitability and a fivefold increase in stock price.
Explore our thought leadership on business transformation