The Problem today faced by traditional business houses is Generation problem, where the traditional business houses which have existed for more than 4-5 decades are facing difficulty in carrying it further with a younger generation are less equipped or least interested in coming to the parental business. Team BOCO Helps here in changing mindset of people who govern as well the change the business behavior which is expected by the younger one by balancing the generation gap.
Every company should be a ‘Math House’ today. If they aren’t; the company is in serious trouble. Every company is now digitizing itself, using an algorithm and mathematical interpretations to understand their business better. The new business house understands the importance of delegation, rather than doing all the work by themselves.
There is no room for guesswork anymore. Business houses need to work like corporates and we assist our clients regardless of their size, history or complexity on the path of transformation. Here are a few things, we advise every transforming company.
- Think large scale
- Be a digital leader to spearhead the process
- Domain, as well as digital knowledge, is important
- Customer experience matters
- Retain the right people
Communication is the key to board members, customers, vendors, and investors