Friday, June 02, 2006

We Don't Do Reengineering...Not Anymore...

We Don't Do Reengineering . . . Not Anymore . . .


When we were founded 1976, one of the services we offered was reengineering. With our years of IE, IT, and OD experience we were good at it. Proud of our work.

In the early eighties though, we read a study which showed that only a third of reengineering projects might be deemed "successful". And if success were defined as a first-year profit improvement of 10% or more, it was much lower.

We did however find some companies where the improvements were significant. So we researched.

We found that in every case, something had changed apart from the business processes being reengineered. That something was the Operating Dynamic*.

So we added the capability to trigger those changes and our client ROI's became large. However, by 1985, we realized that changing just the operating dynamic alone, could achieve remarkable profit improvements, and at a fraction of the cost. With that, the ROI's became great; 10:1 the first year was to be expected.

That is what we specialize in now.

But before we go further, some third party validation: Last year McKinsey and London School of Economics (LSE) issued a report on their multi-year study of 100 companies, chosen at random. We have excerpted them, with onward links, at: Companies Increase Financial Returns.

If you would like to know how it works, please contact Tom FitzGerald at info@managementconsultants.com or 847-599-9960. We will be happy to speak with you; no strings. We know this is not for everyone.

Information can be accessed on our web at Publications. Each paper has been published in multiple magazines.

 

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