Large-sized companies in a steady state drive innovation, invest in value-generating assets, and focus on returning value to stockholders. Transformation needs for these businesses are varied. At the enterprise level, they may include growth and expansion strategies, enterprise systems implementations, facility management, cultural and organizational structure changes, talent management and leadership development. Change needs to happen in functional areas, business units, programs, and core operations to continue to drive value and renew the business with the latest innovative and disruptive changes. As a company operating in a large-sized steady state, you likely will need:
Large, rigid corporate structures can also suppress innovation and limit your company’s ability to pivot quickly. While you have assets and resources typically unavailable to small companies, you likely need adaptations to your culture and systems to focus on renewal and reinvention of your business.