Target Operating Model- For Dynamic Business Functionality
The new economic disaster, shifting regulatory arena, rising macro, and microeconomic pressures together with the evolving technology and globalization have supposed that topics like TOM are increasingly more prominent in our client’s mind.
Companies must adapt to ensure that they stay in front of this curve. You can have Reliable Business Architecture Transformation Framework which will be best suitable for your organization and business needs.
The main goal of a Target Operating Model will be to permit the effective use of a corporate strategy or vision to a business or operation. It is a high-level representation of how a company could be organized to efficiently and economically produce and execute the organization’s plan.
What’s more, it gives a common understanding of the organization by allowing visitors to visualize the business from a variety of viewpoints around the value chain as every substantial portion of business activity is reflected.
People, processes, and technology are vital components of any TOM and so are critical to ensure its success. The audience for its operating model will be different based upon the strategic drivers, but it might contain executives, strategy teams and marketing teams, project teams, risk managers, IT teams, and operational teams.
The Current Operating Model (COM) symbolizes the way a business has been configured now, whereas the Target Operating Model (TOM) shows an upcoming state that the organization should be proceeding towards so as to realize its own strategy.