Both Business Transformation & Reinvention are Complex Problems
Comparison Between Business Transformation & Business Reinvention
| Aspect | Business Transformation | Business Reinvention |
|---|---|---|
| Purpose | Improve and enhance the existing business model and processes | Redefine the business, often to explore new markets or opportunities |
| Scope | Operational changes such as digitization, automation, and restructuring | Comprehensive overhaul of the business model, identity, and value |
| Focus | Efficiency, cost reduction, and competitiveness | Innovation, differentiation, and creating new value sources |
| Drivers | Need to optimize or improve existing structures | Need to survive, disrupt, or adapt to a radically changing landscape |
| Degree of Change | Significant changes within existing frameworks | Fundamental shift, often involving a new business model or identity |
| Outcome | Enhances the business's current trajectory | Establishes a new trajectory or redefines the business entirely |
| Examples | Implementing ERP systems, shifting to customer-centric models | Shifting from products to services, adopting digital subscription models |
Please check of your problem is Simple, Complicated or Complex
IdeaGens is focussed on Complex Problems
Simple problems can be easily defined, understood, and solved.
They typically have a clear cause and effect relationship and can be resolved with straightforward, well-established methods or techniques.
Problem: Car does not start
Analysis: Battery discharged, out of fuel, etc.
Complicated problems are technical. They have a straight-line, step-by-step solution and tend to be predictable.
Techniques like Six Sigma and process/product improvements are helpful.
Problem: Manufacturing of new car model
Analysis: Manufacturing methods, Quality Control, etc.
Complex problems are those that have multiple interconnected elements or factors, making them difficult to understand, analyze, or solve.
They often involve high levels of uncertainty, ambiguity, and unpredictability, and can have far-reaching consequences that affect multiple domains
IdeaGens.Com specializes in complex problems, requiring creativity and collaboration.
Problem: Introducing a new car brand/model
Analysis: PESTLE, Five Forces, SWOT, etc.
Quiz: Problem Complexity Assessment
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High-Level
IdeaGens is a platform that includes multiple – applications, processes, and technologies.
Applications include assumption analysis, cause & effect analysis, idea generation, and others.
Processes include a 3-Phase/6-Step problem-solving process and others.
Technologies include AI input, manual input, instant visualization, and others.
IdeaGen’s problem-solving process can also be broken into four individual parts – INPUT, ANALYSIS, SYNTHESIS, and OUTCOMES, as visualized below:
