WEBVTT 00:00:08.960 --> 00:00:10.200 I'm Sushmita Banerjee. 00:00:10.200 --> 00:00:12.520 I'm a senior partner with BCG's New York Office. 00:00:12.800 --> 00:00:14.040 Hi, I'm Simon Weinstein. 00:00:14.080 --> 00:00:16.623 I'm a managing director and partner with the Seattle office 00:00:16.623 --> 00:00:16.920 at BCG. 00:00:17.560 --> 00:00:17.760 00:00:17.760 --> 00:00:19.320 Today, everybody's doing transformations, right? 00:00:19.320 --> 00:00:20.840 Transformation is a dime a dozen. 00:00:21.360 --> 00:00:24.240 But what separates a successful transformation from a 00:00:24.240 --> 00:00:26.480 transformation you have to repeat, right? 00:00:26.640 --> 00:00:27.560 That's what we want to talk about. 00:00:27.560 --> 00:00:28.240 That's exactly right. 00:00:28.240 --> 00:00:30.242 What makes some of the transformations more successful 00:00:30.242 --> 00:00:30.680 than others? 00:00:30.920 --> 00:00:34.503 Well, there's one commonality that we see. Clients that spend 989f7d7b-6ee3-40e8-81af-ba84de708360-1 00:00:34.503 --> 00:00:37.508 time upfront holistically thinking about what their 00:00:37.508 --> 00:00:40.803 purpose is and crafting a strategy to get them there are 00:00:40.803 --> 00:00:44.040 three times more successful than other transformations. 00:00:44.640 --> 00:00:45.760 I've seen the exact same thing. 00:00:45.760 --> 00:00:48.735 And especially when they are focusing early on strategy, it 00:00:48.735 --> 00:00:51.859 forces them away from the just tactical levers and prioritizes 00:00:51.859 --> 00:00:53.000 the more holistic view. 00:00:53.760 --> 00:00:54.400 That's a great point. 00:00:54.400 --> 00:00:57.721 It also brings everybody together so that you're focusing 00:00:57.721 --> 00:01:01.386 on a few but high impact things versus, you know, everybody has 00:01:01.386 --> 00:01:02.360 their own agenda. 00:01:02.840 --> 00:01:03.600 That's exactly right. 00:01:03.600 --> 00:01:06.302 Plus, it gets the mobilization motivated early on, gives them a 00:01:06.302 --> 00:01:09.046 clear vision where we're running towards it, gives it more of an 00:01:09.046 --> 00:01:11.537 emotional connection to why the transformation is actually 00:01:11.537 --> 00:01:11.959 important.