goetzpartners steers transformation in North America: first Transformation Re-defined Summit in New York
goetzpartners’ New York office makes its mark with a summit for transformation thought leaders
New York, 02th of May 2018 – To explore vital factors for success of transformation processes, the New York office of the leading advisory firm goetzpartners brought together over 50 C-level executives from industry disruptors, transformation leaders, academics, and thought leaders from various organizations and industries across the world. The summit engaged participants in discussing the ever-pertinent question: “What does it take to successfully transform a business and stay relevant?”. Hosted by goetzpartners’ North American management team Markus Schmid and Philipp Stietencron, the summit facilitated an exclusive exchange platform for thought leaders through interactive panel discussions, keynote speeches, and networking sessions. As Mr. Stietencron noted in his opening speech, “Continuous transformation should be on the agenda of every leader – if you don’t push your organization to get better each day, it might not be there tomorrow.“
The summit explored the full scope of transformation with experts from various backgrounds and provided answers on how organizations can adapt the way they do business. In the first keynote speech, Joerg Erlemeier, COO at Nokia, gave an account of the transformation process Nokia has worked through in the face of a turbulent telecommunication industry and emphasized the importance of deep change: “Continuous transformation is deeply embedded in everything we do. For Nokia, transformation is a tool to deliver our growth ambition.”
Organizational transformation is highly dependent on a change in culture, since mindset shifts are a key driver of innovation in organizations. This was summarized best by Angela Lee, CIO at Columbia Business School: “True organizational transformation comes when you marry mindset shifts with everyday tools and processes to enable daily change. This ideally happens at the individual, team, and the most senior levels of an organization.” Still, mastering the human elements of change management becomes increasingly difficult when paired with the onset of digital transformations required in organizations.
Leaders still struggle to understand the role of artificial intelligence and its impact on organizational shifts and changes. Chris Boos, CEO and Founder at Arago, explained how companies can capitalize on digital transformations: “By making enterprise knowledge and individual experiences executable by AI independent of the presence of experts, any known process will become autonomous which in turn makes more resources available to drive transformation. Massive efficiency gains also make entirely new business models possible which could simply not be executed due to cost, speed or agility restrictions of established best practices.”
Clara Fain, CFO at Via, shared how disruptive companies can partner with established companies to provide a new business model for the future: “By establishing partnerships with large corporations, Via could realize its vision of re-engineering public transit, while our partners used the opportunity to further develop their business models.” At every level, thought leaders and managers can leverage new ideas and models to transform not only their daily activities, but their organizations’ mentalities and businesses to generate stronger returns as well as stronger partnerships within the economic community.
goetzpartners: Advisory for Strategy, M&A and Transformation
goetzpartners, founded in 1991, is an independent advisory firm for all key issues of entrepreneurial activity: strategy, M&A and transformation. As a trusted partner with a valuable track record and a far-reaching network, we are ideally positioned to help companies worldwide to navigate through their digital transformation challenges. With more than 350 professionals operating out of 14 offices in 11 countries, we advise decision-makers and top executives in all key industries.
Located in New York, goetzpartners has developed a vital local presence in the U.S. and positioned itself as a thought leader and driver of change. Clients greatly benefit from our unique combination of both corporate finance and management consulting advisory services. Boasting a vast wealth of business experience and cross-industry knowledge, we are trusted by companies to provide excellent global advisory services to U.S.-based organizations.
goetzpartners USA Corp.
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