WEBVTT

1
00:00:00.000 --> 00:00:02.500
(light music)

2
00:00:06.240 --> 00:00:07.248
<v ->Your company, Versuni,</v>

3
00:00:07.248 --> 00:00:08.506
has just successfully completed

4
00:00:08.506 --> 00:00:10.400
the separation from Philips.

5
00:00:10.400 --> 00:00:12.135
It has been a two-year journey

6
00:00:12.135 --> 00:00:13.493
in which you had to drive a business

7
00:00:13.493 --> 00:00:16.500
and IT transformation in parallel.

8
00:00:16.500 --> 00:00:17.871
It must have been a very intense journey

9
00:00:17.871 --> 00:00:19.920
with, at the end of it, a lean,

10
00:00:19.920 --> 00:00:22.884
stand-alone domestic appliances company.

11
00:00:22.884 --> 00:00:24.245
Congratulations on that.

12
00:00:24.245 --> 00:00:25.368
And you decided to go,

13
00:00:25.368 --> 00:00:26.911
what we call greenfield?
<v ->Yes.</v>

14
00:00:26.911 --> 00:00:31.800
<v ->So everything new, business process and IT.</v>

15
00:00:31.800 --> 00:00:32.741
<v ->We see clearly that</v>

16
00:00:32.741 --> 00:00:34.750
in a digital transformation,

17
00:00:34.750 --> 00:00:38.279
you should not be afraid to jump,

18
00:00:38.279 --> 00:00:39.996
but also to know exactly

19
00:00:39.996 --> 00:00:42.720
when to jump and how to jump,

20
00:00:42.720 --> 00:00:43.553
because it gives you the opportunity

21
00:00:43.553 --> 00:00:45.628
to simplify the processes,

22
00:00:45.628 --> 00:00:48.010
to critical look to your capabilities,

23
00:00:48.010 --> 00:00:50.489
but most important, to also understand

24
00:00:50.489 --> 00:00:54.494
which system do I need to automate tasks,

25
00:00:54.494 --> 00:00:56.507
but also to give you the right data

26
00:00:56.507 --> 00:00:59.259
at the moment you need to take a decision.

27
00:00:59.259 --> 00:01:01.402
So complete transformation

28
00:01:01.402 --> 00:01:03.450
is the better option.

29
00:01:03.450 --> 00:01:05.550
However, also the more risky option.

30
00:01:05.550 --> 00:01:07.755
We thought that if we can do this

31
00:01:07.755 --> 00:01:11.393
in two years, which is also quite fast,

32
00:01:11.393 --> 00:01:14.220
it gives us an opportunity thereafter

33
00:01:14.220 --> 00:01:15.249
to build on this platform

34
00:01:15.249 --> 00:01:17.370
and also to take the next steps

35
00:01:17.370 --> 00:01:18.870
in a faster way.

36
00:01:18.870 --> 00:01:20.009
<v ->How complex was this</v>

37
00:01:20.009 --> 00:01:21.753
from a business perspective?

38
00:01:21.753 --> 00:01:25.492
It's one thing to decide on everything new

39
00:01:25.492 --> 00:01:26.325
and I think you also decide

40
00:01:26.325 --> 00:01:28.753
on standard out-of-the-box.
<v ->Yeah.</v>

41
00:01:28.753 --> 00:01:30.136
<v Jacqueline>But that has implications.</v>

42
00:01:30.136 --> 00:01:34.003
<v ->Yes, and the reason why it had implications</v>

43
00:01:34.003 --> 00:01:35.626
is because we thought also

44
00:01:35.626 --> 00:01:37.002
in the business processes,

45
00:01:37.002 --> 00:01:40.143
we could simplify, we could speed up,

46
00:01:40.143 --> 00:01:41.501
but also we wanted to do

47
00:01:41.501 --> 00:01:43.260
a little bit more open innovation.

48
00:01:43.260 --> 00:01:44.093
And with that also,

49
00:01:44.093 --> 00:01:46.242
you need to have connections

50
00:01:46.242 --> 00:01:49.493
with companies and parties around you.

51
00:01:49.493 --> 00:01:52.253
You might say that the transformation--

52
00:01:52.253 --> 00:01:54.743
we used IT platform

53
00:01:54.743 --> 00:01:56.631
to support the transformation,

54
00:01:56.631 --> 00:01:57.497
which is, of course,

55
00:01:57.497 --> 00:02:00.000
an enormous amount of change management.

56
00:02:00.000 --> 00:02:01.913
<v ->So we worked together on this program,</v>

57
00:02:01.913 --> 00:02:03.630
BCG and Versuni.

58
00:02:03.630 --> 00:02:05.756
Could you comment on the role of BCG?

59
00:02:05.756 --> 00:02:06.901
<v ->I wanted to have a partner</v>

60
00:02:06.901 --> 00:02:10.496
that told me in private the truth,

61
00:02:10.496 --> 00:02:14.255
was very critical, and did not give me fear

62
00:02:14.255 --> 00:02:15.869
about everything that could go wrong,

63
00:02:15.869 --> 00:02:17.905
but warn me, "These are the 'watch out'.

64
00:02:17.905 --> 00:02:20.500
If you see this kind of behavior, think again."

65
00:02:20.500 --> 00:02:22.290
<v ->If you look back at this journey,</v>

66
00:02:22.290 --> 00:02:23.123
what would you take away

67
00:02:23.123 --> 00:02:24.720
for the future of Versuni?

68
00:02:24.720 --> 00:02:26.733
<v ->It means that we now have a platform,</v>

69
00:02:26.733 --> 00:02:29.140
a platform that will enable us

70
00:02:29.140 --> 00:02:31.741
to further simplify and speed up

71
00:02:31.741 --> 00:02:34.491
the processes in our organization.

72
00:02:34.491 --> 00:02:37.878
So the future for us is bright

73
00:02:37.878 --> 00:02:40.496
if we keep on making the right choices.

74
00:02:40.496 --> 00:02:43.083
And thank you and BCG for all the help.