Creating a data- and CX-driven market challenger

Background and Challenges

One of Finland’s largest listed companies with a leading position in northern Europe came to Shift with a nightmare. It was their CEO’s worst nightmare which revolved around increasing disruption threats and signs of new market entrants from outside their industry.

Goal

Create a market challenger for the consumer market with the best customer experience in the industry, backed up by an organization that is entirely data-driven, with the best of breed technology stack as an enabler for success in multiple European markets.

Solution and Outcomes

Validated customer experience and journeys as a foundation for customer-centric transformation

Detailed scoping of enterprise-level technology stack

Implementation plan

Ensuring rapid momentum in strategic implementation on a global level


From strategic theme into a new concrete business offering

Background and Challenges

Our client, a market leading European utility company, had identified untapped potential among their clients in terms of optimizing energy use and thereby improve conditions for reaching climate targets. In order to leverage internal know-how of energy efficiency and executing on newly developed strategy, our client wanted to bring a new offering to the market.

The problem: there was a lack of vision, comprehensive market understanding, and overall ambiguity of what a new offering should entail.

Solution and Outcomes

During a 6-month engagement, Shift took a vague idea and first validated problems, outlined and validated a solution based on said problems, and created a new service offering concept.

Shift took lead in selling the concept to acquire a pilot customer with whom our client developed a MVP.

During MVP development, Shift took lead in ensuring business viability, by broadened data gathering to increase market and customer understanding, design value proposition and create a commercialization plan.

Outcomes

  • Conceptualized and targeted service offering – what to sell, to whom, and how
  • Pilot customer acquisition
  • Validated value propositions, revenue model and willingness to buy


Changing the way football stadiums are built

Background and Challenges

Our client realized that the current way football stadiums are being designed is inefficient, expensive and excessively time consuming. This led the client to question the current process and started exploring the idea of introducing configurability and standardization to the stadia development process. For this explorative project they chose to utilize their trusted partner Shift Actions.

Solution and Outcomes

During a 6-month engagement. Shift Actions established an understanding of challenges & bottlenecks in the current process, what customers and stakeholders need and value, and what opportunities there is for the client. Then collaboratively with the client, we created a solution in the form of a new facilitated stadium development process with a clear target segment and market to serve. We also created the service blueprint, workshop templates and business case models needed to deliver the new solution.

At the end of the 6-month engagement the customer gained a clear current state understanding of the market, a validated new solution that they were able to pilot with identified potential customer and  an internal success story for their innovation initiatives

Outcomes

  • Current state market understanding
  • A validated new service offering
  • The opportunity to grab a larger market share


Customer journeys as a foundation for strategic decision making

Background and Challenges

As a global export company, our client felt the need to get a better understanding of their customers across their different customer segments and markets.  They felt unsure if they were serving their customers to their best ability, if the customers behavior had changed during the last years and what opportunities and threats they should act on. They chose to utilize their trusted partner Shift Actions.

Solution and Outcomes

During a twelve-week project, Shift Actions was tasked with capturing and mapping out customer insights in customer journeys for four different customer segments. Through customer and stakeholder interviews Shift Actions created journeys in form of detailed descriptions that captures customer behaviour, what needs, and challenges customers face when evaluating new suppliers and solutions.

Through detailed customer journeys the client was enabled to understand the customers, evaluate their own performance and understand how to improve the business from a customer perspective. Based on this work the management team were able to take action on identified key strategic opportunities and threats.

Outcomes

  • Detailed understanding of customer behavior, challenges and needs
  • Company performance evaluated when serving the customer, where they are meeting customer expectations and where they are far off
  • Identified key strategic themes, opportunities and threats to act on


Next generation change order process

Background and Challenges

Our client, a project based manufacturing company, had been struggling with their change order management for decades and the issue had become the key red-flag for clients and thus jeopardizing key accounts.

Solution and Outcomes

Shift Actions ran a 30-day business development sprint and re-built the change order process from scratch. Based on deep stakeholder interviews and customer focused process design, change orders were turned from a “necessary evil” into a value adding service.

Outcomes

  • Completely new process designed from scratch to ensure buyer’s ROI from day one
  • A digital user interface where customers, client’s employees and subcontractors collaborate around change orders for improved flow time
  • A new change order team which is 100% focused on facilitating the process – A cornerstone in improved competitive advantage and value proposition


Market entry and product management interim task force

Background and Challenges

Our client, a global facilities management and workwear company was undergoing a transformation from products and services to complete solution sales, having initiated a soft launch of the initiative. The company recognized that they lacked the needed resources to drive the sales and product development in the short term and thus needed external support.

Solution and Outcomes

Shift Actions managed and supported the company sales team during a six-month interim period while facilitating co-creation of knowledge and learning by closing first deals together with the sales team. Actions included target audience screening, customer profiling, participation at sales meetings, in addition to continuous evaluation and validation of sales processes for developing concept ownership.

Outcomes

  • UVP development
  • Introduction to new ways of working
  • Providing tools and means for continuous account management
  • Pricing structure development and value-based selling


The Current State of Digital Transformation in the Nordic Business Environment

A Shift Actions white paper series

Part 3: The digital transformation landscape in the Nordic business environment and a blueprint for digital transformation

The vast majority of organizations worldwide have recognized digital transformation as a strategic agenda that can provide a significant contribution to businesses in the following years to come. Utilizing and integrating new digital technologies offers a great potential of reshaping entire business models and no-one is entirely unaffected by effects of the phenomenon. Therefore, organizations need to shift from contemplating when to transform and instead rapidly start embracing digital transformation, in order to create the competitive advantages it can offer.

Current state of Digital Transformation in the Nordic business environment is a three-part series of white papers based on a research collaboration between Shift Actions and Hanken School of Economics. The findings are based on 19 interviews with senior management members and experts of large Nordic industrial companies. The white papers represent developing work on the topic of digital transformation.

An initial hypothesis was created when embarking on the research for this white paper series: “most digital transformation initiatives are theatrical updates to current business”. The hypothesis has shown to partly be true.

The last installment of the series, “Part 3: The digital transformation landscape in the Nordic business environment and a blueprint for digital transformation” discusses and contemplates the current state of digital transformation in the Nordic region. Furthermore, a high-level blueprint for how to undergo a digital transformation is provided.

To download the white paper, follow the link below.


The Current State of Digital Transformation in the Nordic Business Environment

A Shift Actions white paper series

Part 2: Uncovering the objectives, barriers and processes of undertaking a digital transformation

Digital Transformation offers great opportunities for reinventing entire businesses by offering the means for reshaped & improved stakeholder value creation, while simultaneously creating the foundation for operational excellence. However, for traditional industrial companies, it is considered a significant challenge to venture into the many unknowns related to the phenomenon. Therefore, there is a need for shedding light on the topic in order to reduce the risk of transformation efforts ending up in failure.

Current state of Digital Transformation in the Nordic business environment is a three-part series of white papers based on a research collaboration between Shift Actions and Hanken School of Economics. The findings are based on 19 interviews with senior management members and leaders of large Nordic industrial companies. The white papers represent developing work on the topic of digital transformation.

“As stated by Nordic industry leaders, the majority of digital initiatives are focused on incremental innovation, whilst very few companies are taking a leap of faith and striving to transform their entire business by doing something totally different.”

The second instalment of the series, “Part 2: Uncovering the objectives, barriers and processes of undertaking a digital transformation”, examines why organizations transform, what they are trying to achieve, and obstacles standing in their way. Additionally, the paper presents contemporary understandings of how a digital transformation can unfold.

To download the white paper, follow the link below.


The Current State of Digital Transformation in the Nordic Business Environment

A Shift Actions white paper series

Part 1: Paradox - Everyone is embracing Digital Transformation and yet there is little agreement on what that means

Digital Transformation has been a prominent board room topic during the last decade. While digitalization is sweeping though industry after industry and supporting widespread transformation, a large portion of digital transformation efforts ends up in failure. The reason behind this failure is a low consensus on what the phenomenon actually means and a lack of comprehension on how to actually transform. Hence, there is room for clearing up the air around the topic.

Current state of Digital Transformation in the Nordic business environment is a three-part series of white papers based on a research collaboration between Shift Actions and Hanken School of Economics. The findings are based on 19 interviews with senior management members of large Nordic industrial companies. The white papers represent developing work on the topic of digital transformation

“Research indicates that a large portion of digital transformation efforts fail, due to a lack of comprehension on how to actually transform”

The first instalment of the series, “Part 1: Paradox – Everyone Seems is embracing Digital Transformation and yet no-one seems to agree on what it means”, aims to reduce misconception on the phenomenon at large, by shedding light on what digital transformation means according to scholarly and non-scholarly literature. Secondly, it provides insights into how the concept is viewed by top industry leaders in the Nordic region.

  • Within the Nordic region, there are two primary schools of thoughts regarding digital transformation; one focusing primarily on internal process developments and one focusing on developing novel means of value creation
  • Wider industry characteristics appear to predetermine the speed and approach of digital transformation efforts
  • Nordic industry leaders seem to have difficulties in understanding the complete socio-technological scope of digital transformation

To download the white paper, follow the link below.