{ "docId": "019dd923-5ca1-7489-b634-df215e4f0bc1", "docSlug": "b89c4b2a8f5b0c45", "documentTitle": "Transformation Ebook", "authorId": "BCG", "authorName": "BCG", "documentKindSlug": "consulting-deck", "documentKindLabel": "Consulting deck", "sourceTypeSlug": "strategy_consulting", "sourceTypeLabel": "Strategy consulting", "presentationDate": null, "orientation": "landscape", "aspectRatio": 2.5, "pageNumber": 131, "pageCount": 167, "prevPage": 130, "nextPage": 132, "slideType": "other", "function": "summarize", "density": "dense", "nDataPoints": 0, "notes": "This appears to be a page from a book or report, not a standard consulting slide deck.", "elementsJson": [ "paragraph", "footnote" ], "metadataConfidence": 0.8, "imagePath": null, "slideHref": "/slides/019dd923-5ca1-7489-b634-df215e4f0bc1/131", "deckHref": "/decks/019dd923-5ca1-7489-b634-df215e4f0bc1", "deckJsonHref": "/decks/019dd923-5ca1-7489-b634-df215e4f0bc1.json", "deckAnchorHref": "/decks/019dd923-5ca1-7489-b634-df215e4f0bc1#slide-131", "components": [ { "bbox": null, "kind": "callout", "text": "Building capabilities is a critical step that enables companies to develop new ways of working, new business models, and other building blocks of digital transformation.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd951-9f62-7003-b126-0289c14d06c0", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.28, "w": 0.7, "x": 0.15, "y": 0.62 }, "kind": "paragraph", "text": "A second, often complementary approach is to create an internal incubator (or to leverage an external one) to scale initiatives without being bogged down by corporate processes and bureaucracy. This can be done through the early-stage funding of startups (the corporate venture capital model), a joint venture, or an outright acquisition. (See the sidebar “An Insurer Creates a Joint Venture to Enter a Challenging Market.”) Regardless of the ownership structure, the company takes an active role by investing in and developing the new entity, with the goal of cultivating digital capabilities that it can harness—and potentially bring in-house. This approach allows the company to move quickly into digital and build a startup mentality while limiting the risk of failure and the impact on existing operations. However, it requires capital, the willingness to act like an investor, and the right degree of oversight.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "03dc3cd7-f1eb-4055-9915-f4019d666f67", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.25, "w": 0.7, "x": 0.15, "y": 0.37 }, "kind": "paragraph", "text": "One path to capability building is to hire digital talent on a temporary basis and then bring it in-house over time. A temporary project management team may be required to run the newly established digital processes while the organization develops permanent digital talent through internal training and external hiring. As the company embeds permanent talent, it can create digital units that serve as a center of excellence and an internal repository of its current thinking on technology. This is an iterative and incremental model that allows the company to develop digital capabilities organically. Redesigning business processes in this fashion takes time, but it allows the company to develop its own expertise.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "08d9b557-f210-40a0-9a0a-63d094d601d5", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.7, "x": 0.15, "y": 0.21 }, "kind": "paragraph", "text": "Building capabilities is a critical step that enables companies to develop new ways of working, new business models, and other building blocks of digital transformation. The key here is to take full advantage of the inherent scalability of digital and the ability of digital to empower individuals and teams across the company, motivated often by nothing more than the freedom and excitement of being innovative and entrepreneurial.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "595ec4ec-0b5c-48e1-9f26-e77607f68030", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.7, "x": 0.15, "y": 0.09 }, "kind": "paragraph", "text": "up the successful ventures and transforming the organization. Several levers are available to accomplish this. The right one depends on the company's level of ambition, the strength of its existing digital capabilities, and external market factors (primarily, the degree of disruption posed by new digital competitors).", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5ce3d97b-68a4-4b93-b942-1c53ff95275b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.03, "x": 0.86, "y": 0.92 }, "kind": "title", "text": "123", "attrs": null, "subkind": "subtitle", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "570502ce-8b3d-4618-95d8-0974679e1afe", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.2, "x": 0.15, "y": 0.92 }, "kind": "title", "text": "DIGITAL TRANSFORMATION", "attrs": null, "subkind": "subtitle", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "730dd485-0e0e-4b34-b8be-dd563d64e33a", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 159, "from": 121, "beatId": "019dd95a-0702-74a3-87e2-aa2e1a632130", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "Part III applies framework to digital, turnaround, emerging-market contexts.", "position": 5, "confidence": 85, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" }, { "to": 159, "from": 121, "beatId": "019dd95a-0702-74a3-87e2-b6be36bae024", "arcName": "The Triple Take", "arcSlug": "triple-take", "beatName": "The Action (Now What)", "beatSlug": "triple-take-the-action-now-what", "evidence": "Part III - distinctive transformation types and how to apply.", "position": 3, "confidence": 65, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "loops": [ { "to": 135, "from": 123, "name": "Maturity Curve", "slug": "36-maturity-curve", "bestFor": "Digital transformation, capability building, benchmarking", "matchId": "019dd95a-088c-724c-b30e-dc6d42ac1b88", "evidence": "Exhibit 'Digital Transformation Is a Journey' with 4 stages: Educate -> Crystallize -> Accelerate -> Scale Up & Transform.", "position": 10, "objective": "Sequence digital transformation in 4 maturity stages", "structure": "Current Maturity Level -> The Gap to Next Level -> Required Capabilities -> The Roadmap", "confidence": 90, "description": "Show where you are on a progression and what it takes to reach the next level" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }