GALGO COMPANIES

Accelerate your business with these expert tips on "Greyhound Enterprise" - take a look and discover this TIP!

Known as Greyhound companies, their name refers to the The speed at which they are in the race for efficient transformation, the way in which they have extended their strategy across their organisations, and the way in which they are working on their strategy, also, for being those that have actively bet on the new paradigms.

The origin of this type of company dates back to before the start of the coronavirus pandemic. At that time, many companies were already betting on digitalisation and the implementation of disruptive technologies, those that represent a lever of change for the business and render previous tools and paradigms obsolete.

In view of the existing innovation gap and increasingly large among the companies considered leaders, which were not yet widely working in this direction. and those who had decided to stay in their comfort zone, greyhound companies emerged, understood as a third small group that had decided to go digital and take advantage of a moment of business inflection to turn it into a lever for competitive positioning.

Thus, among the companies that have picked up the most speed over the last year and a half are mainly those linked to the world of Fintech, Insurtech and many others related to innovation. And, in terms of size, there are examples ranging from large corporations to SMEs and start-ups that have already been born with digital DNA.

In this context, The efficient processes of such companies have widened the revenue gap with the laggards and, those, who do not improve their costs by 20-30% will find it difficult to compete. Now is the best time to tackle decisively the removal of barriers to transform organisations efficiently to become greyhound companies. Resilience as one of the hallmarks of these organisations, especially important both in looking back at the changes brought about by the arrival of COVID-19, as well as those to come in 2022 and 2023.

The acceleration will be even greater and more explosive, and companies, if they do not respond quickly to change, will be seriously handicapped in competing commercially and attracting and retaining customers. Being resilient organisations is no longer an option, it is a necessity.

A four-step transformation

At this point, for those entrepreneurs who want to transform their organisations into greyhound companies, we recommend four steps:

• Adopting advanced and emerging technologies for, then, extend them to the whole of your organisation.
• If the guideline is to spend 20 to 30% of the IT budget on innovation and 70 to 80% on operations and maintenance, this guideline must be decisively reversed. 
• The importance of trying to get as much out of technology as possible. To this end, It is important to go beyond the mere digitisation of documents within specific activities and tasks.but to hyper-automate processes from start to finish with specialised methodologies and tools".
• We need to become smart companies: If you have digital data and real-time knowledge of the situation of your processes, you can look for patterns to provide the best service to customers and improve your bottom line every day.