Research on the 7 Business Transformations (Choose 1 transformation): 1-From sup
ID: 361334 • Letter: R
Question
Research on the 7 Business Transformations (Choose 1 transformation):
1-From supplier-centric to customer-centric.
2-From push to pull.
3-From transactions to relationships.
4-From ‘trucks and sheds’ to ‘end-to-end’ pipeline management.
5-From functions to processes.
6-From stand-alone competition to network rivalry.
7-From inventory to information
For example, if you choose From functions to processes.
Answer the following:
1. What is this business transformation?
2. Why is this important to business?
3. What happens if your firm does not observe this transformation?
4. What skills are needed to make this transformation?
5. What technology do you need to make this transformation?
6. Give a specific case example. ( 5 sentences long paragraph. - You may use
any resources - the internet, books, ...)
Explanation / Answer
Business transformation can be can we define as a change in strategy which has a specific aim to align people processes as well as different Technologies which initiate a company's overall strategy of business strategy and vision.
Push strategy includes shows and showrooms as well as different mediums of influencing the customer using stores which gets a retailer to stock the products and to form a supply chain to specifically facilitate the distribution.While the Pull strategy motivates the customer to seek out for the needed products when a specific company has a strong brand image in the market.
Push and pull strategy is very important for a business for a business to maintain the overall image and product flow of the products in the market with the help of different applied strategies.These specific strategies helps the companies to grow their level of competition and to create a brand image in the market.
if a firm does not adopt this specific transformation, it will definitely go out of the competition in the specific market in which the company is dealing in. This is essential part to maintain the product flow of the product range of the company.Observation of this specific transformation is needed for each and every organization to stay competitive as well as productive in the market.
Proper managerial skills with the maintenance of the specific supply chain network are the most important skills needed for the push and pull transformation method. with the help of proper managerial skills implementation of the specific transformation strategy is very much needed for each and every organization.
Electronic systems which can manage and implement the specific terms into the organizational structure for managing the supply chain required for the transformation.
ERP and other implementation of such technologies is essentially required for a successful transformation.
Whole foods market is one of the finest examples of push and pull transformation which has successfully implemented into its organiztional structure. This specific change was applied with the various Electronic management systems. By application of ERP and humand resource management system was also applied by Whole foods market to create a successful transformation in the organizational structure of the company.
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