For organizations to prioritize the right initiatives and assign the right resources, they must agree on the value provided by the drivers of change. Most transformation business cases, however, are incomplete. They fail to consider employee, customer, or partner value drivers, the full value of time, and potential value in terms of capability development, among others. Balancing stakeholder objectives around change not only maximizes long-term value but also builds necessary alignment, improves productivity, and accelerates adoption.
Change and transformation valuation is where North Highland’s Change Economics solution comes into play. It delivers a complete view of the value drivers of change and transformation, enabling leaders to make informed decisions about focus, investment, and resource allocation based on impacts to people, operations, and the business. It provides one source of truth for all ideas and initiatives that have the potential to impact identified objectives. With a holistic value assessment that is both quantitative and qualitative (and therefore comprehensive), it enables teams to generate consensus on the path forward to drive growth and continuous improvement. And it delivers a focused, realistic, and strategic composed of validated and prioritized initiatives, anchored in an agreed-upon definition of value.
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