At some stage, this crisis will pass. Things may not get back to normal right away and we do not know what the future is going to look like. What we can do is make some educated speculations as to what might happen to the marketplace.
Currently, we are dealing with both a pandemic and an economic crisis which is different than the crisis we have faced with in the past. There will likely be an unorderly short-term post-virus period followed by a “new normal” period. Everyone needs to adapt their business plans to continue and reach their goals.
Rebuilding the economy in a balanced and sustainable way will represent a huge challenge in all businesses.
whenever there is a significant change in the landscape there is usually also a great potential for advantageous opportunities.
The market regulator had issued a compliance breach and instructed them to reduce its operating costs. Their operations team was overstretched and unable to cope with the volume of issues. DB Results assisted in resolving the compounding issues and helping them achieve critical compliance.
At DB Results, we have helped our customers to remove the need for the scarce digital skilled resources. We achieve this by employing our powerful Speed to Innovation delivery approach, 3plus3. It delivers the customers business solution at digital speed. It does this through the delivery of applications using low-code, and services that give you your own expanded delivery capability.
How we tackled compound business problems:
We created clear lines of responsibility and accountability. We inserted a rapid response control and co-ordination function across the distributor’s business and technology operations.
We helped establish recovery goals for the executive, market, and program teams to achieve.
A comprehensive and integrated business process, market and technology measurement and analysis function were established to enable root cause and impact analysis.
Transforming the business for a secure future:
The distributor was able to regain market compliance within four months. They adopted the new operating model and culture and have the right size workforce.
Find out how DB Results’ strategy services can help you transform your business for success.
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