As a C-level executive, you understand the importance of continually optimising your organisations operating model to improve performance and drive growth. Redesigning your operating model can have a significant impact on your bottom line, and there are some compelling statistics specific to Australia that highlight the benefits of investing in operating model redesign.
According to a recent study by McKinsey & Company, Australian companies that invest in operating model redesign can achieve up to 20% cost savings and a 15% increase in revenue growth. This improvement can be achieved by embracing a range of initiatives, including digitisation, process automation, and organisational restructuring (McKinsey & Company, 2021).
Digitisation is a critical aspect of operating model redesign that can deliver significant benefits. A study by PwC found that Australian companies that invest in digital technologies achieve a 26% increase in revenue growth compared to those that don't (PwC, 2020).
Process automation is another key driver of operating model redesign. By automating processes, companies can streamline operations, reduce manual errors, and improve efficiency. Deloitte found that process automation can deliver a return on investment of up to 300% over a three-year period in Australia (Deloitte, 2019).
Organisational restructuring can also be a powerful way to drive operating model redesign. By reorganising teams and processes, companies can achieve better alignment with business goals and improve collaboration. KPMG found that companies that implement organisational restructuring can achieve up to a 25% increase in productivity (KPMG, 2018).
In conclusion, operating model redesign is a crucial initiative for companies looking to improve performance and drive growth. The statistics from Australia demonstrate the tangible benefits of investing in digitisation, process automation, and organisational restructuring. By optimising your operating model, you can achieve significant cost savings, revenue growth, and productivity improvements. As a C-level executive, it's worth considering how you can leverage these initiatives to achieve better outcomes for your organisation.
References
- Deloitte (2019). The robots are ready. Are you?
- KPMG (2018). The digital operating model: Moving beyond efficiency in financial services.
- McKinsey & Company (2021). Operating model redesign: Unlocking customer-centricity and cost efficiency in Australia.
- PwC (2020). Digital IQ: Australia.
