Target Operating Model
November 2 @ 18:00 - 19:00 CET
A Target Operating Model (TOM) enables the application of a corporate strategy or vision to a business or operation. It is a high level representation of how a company can be best organised to more efficiently & effectively deliver and execute on the organisation’s strategy. It provides a common understanding of the organisation by allowing people to visualize the organisation from a variety of perspectives across the value chain as every significant element of business activity is represented. People, processes and technology are key components underlining any TOM and are critical to ensure its success.
Target operating model is a description of the desired state of the operating model of an organisation. When working on the operating model, it is normal to define the as is model and the to be model. The target operating model is the to be model.
Target operating model is the high-level representation of a company’s business vision that helps drive and steer the organisation to a new and optimised way of working. The structured approach of TOM allows for a better understanding of what the organisation is at its core and helps create the methodology needed for implementing a change.
Using the target operating model as a blueprint for its vision,Opens in a new tab. the company can successfully align its strategic goals with operating capacities. Plus, TOM provides an overview of the organisation’s key business capabilities, strategic and operational levers, organisational and functional structureOpens in a new tab., available technology, internal factors and external drivers that push the change, and the information resources available to the company.
All of this helps organise the company in a way that allows it to operate with efficiency and effectiveness when it comes to delivering and executing the overall business strategy. In the modern business environment, it’s necessary for the organisation to be able to develop a strong target operating model so it can define what’s next and achieve the desired target state.
Mithun A. Sridharan is an entrepreneur, cited author and keynote speaker on Strategy, Management and Digital Transformation topics. He is the Founder & Chief Advisor at INTRVU, an admissions and career services advisory, where he oversees strategy, career services operations, publishing, partnerships and product management. He is also the Founder and Chief Content Officer at Think Insights, a leading education portal on Strategy, Management Consulting, Leadership, Digital Transformation, and Data Literacy. Mithun is a bottom-line driven executive with experience in leadership and senior management roles in strategy, consulting and information technology industries. As a Global Industry Advisor and Senior Client Partner, he regularly advises executives at Fortune 100 clients on their strategic business transformation initiatives. His institutional experience traces Amazon Web Services and Oracle, market leaders in information technology as well as global management consultancies, such as KPMG, Publicis Sapient, and CGI (Logica). where he incubated and scaled several consulting practises. Mithun also had a 4-year stint with entrepreneurship at BlueOS LLC, where his leadership ranged from company incorporation to acquisition by a Swiss holding group. He is a regular speaker at several industry conferences and has extensive publications at such high-impact magazines as the World Economic Forum, the American Banker, Wired, Forbes, etc. He holds an MBA from ESMT Berlin, a Master of Science from Christian Albrechts University of Kiel, both in Germany and a Bachelor of Engineering from the University of Madras, India. He is based in Heidelberg, Germany and can be reached via LinkedIn.
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