Looking at your business in a new way sounds easy enough. But it's the methodology behind our component business modeling that has helped companies see how new thinking can lead to real results.
Real results
Bank of America identifies US $40 million of potential simplification and cost savings projects using component business modeling.
"When an enterprise thinks about business as components, they can see that some of them they need to own, and some of them they don't need to own."
Eric Pelander Strategy and Change Services, Global and Americas Leader
Component business modeling (CBM) is a powerful approach that allows us to see a business through a number of different "lenses" — providing a new view of the organisation — to create an analysis of business components that "cuts across" siloed business units. Business components represent all of the unique activities that an organisation pursues to create value. When we create these business components, we are looking at all of the people, processes and technology that enable these components to, in effect, act as standalone building blocks that deliver value to the organisation.
The component map is essentially an X-ray of the business that allows clients to understand things such as which parts of their business are differentiating, how resources are being consumed, how effectively a company's business and IT strategies are aligned. Our proprietary approach helps our clients develop a greater understanding of their enterprise business models and an improved ability to prioritise what needs to be done to become an on demand business.
Bank of America identifies US $40 million of potential simplification and cost savings projects using component business modeling.
"When an enterprise thinks about business as components, they can see that some of them they need to own, and some of them they don't need to own."
