What is the 7p model?
Developed early on in the COVID-19 health crisis, BDO’s Rethink framework provides guidance to business leaders at each key stage. A powerful addition to this framework, BDO’s 7p model identifies the seven core business functions that the global pandemic has impacted. These are the internal factors that need to be optimised – and realised - in order to ensure that an organisation can successfully adapt to the new reality.
How it works
The beauty of the tool is in its simplicity. As businesses enter the most challenging phase of the global health crisis, their ability to adapt will be key to succeeding in the new reality. The simple but insightful 7p diagnostic model is effectively a predictive ‘health check’ methodology that will guide business leaders in adapting their strategy during – and beyond - the COVID-19 pandemic.
All organisations can use the 7p model to assess their business performance and market position and to rethink their strategy by cross-checking that they are focusing on the right core business functions for them.
The results from all the participants in the survey are displayed within a benchmark tool where respondents can then compare their score with the performance of other respondents in their peer group(s), based on sector, country, region and scale. This gives businesses a comparison of their strengths and weaknesses versus the benchmark results.
How the 7p tool works
Part 1 - THE SURVEY
It starts with asking the right questions: the survey tool aims to assist your business in realising your next steps by adapting successfully to the new reality’s ways of working.
The survey’s objective is to collect insights from respondents by asking you to reflect on the current situation of the market and your organisation's place within it. It is mobile-friendly and takes a maximum of 10 minutes to complete.
The survey results feed into the accompanying benchmark tool.
Part 2 - THE BENCHMARK
Within one hour of completing the survey, you will receive a notification e-mail containing a unique response ID and invitation to view your results on the benchmarking site.
Once on the benchmark site, your survey scores are immediately calculated and clearly summarised in a ‘spider’ diagram.
You can then benchmark your score per ‘P-factor’ with the performance of other respondents, based on sector, country, region and scale.
The benchmark tool also delivers a list of priorty actions based on the survey results. The resulting visual is easy to understand and gives a view on which priorities you are ahead or behind on, compared to your own estimation, but also to your peers. In this way, you have a comparison of your strengths and weaknesses versus the benchmark results.
At any point, you can export your results into PowerPoint. You can also print the output into a BDO-branded report.
If you would like to particpate in the BDO 7p survey, please click here.
If you are a client of BDO, please reach out to your BDO relationship contact. They can help you to interpret your results and advise you on the best course of action.
Why complete the 7p survey?
The BDO 7p model aims to help business leaders navigate returning to work successfully. Strengthening market position and growth potential in the post-corona age takes great effort. Proceeding to succeed in the new reality requires insight into current trends, as well as an organisation’s existing obstacles and weaknesses – and its strengths and opportunities.
Adapting an organisation successfully to the new reality’s ways of working requires learnings from peer groups and other business leaders – and a structure and a framework within which to work. This is where the 7p model can help companies get started on this complex process, because it is based around the 7 core business functions that the global pandemic has impacted. These are the internal factors which a company can use to rethink their strategy in the new reality, depending on their needs.
7p is also a tool to assist business leaders in realising their next steps by adjusting their processes and strategy in order to address the essential, often obligatory, political, economic, socio-cultural and technological changes brought about by the world health crisis.
Not only does the survey allow businesses to perform a ‘health check’ of their own company, it gives them the opportunity to benchmark their results against those of their market and compare their business’ strengths and weaknesses versus the benchmark results. In this way it can help to develop proactive actions to avoid potential risks – and rapidly drive bold strategic decisions that can provide competitive market advantage.
To complete the 7p survey click here.
If you are a client of BDO, please reach out to your BDO relationship contact. They can help you to interpret your results, advising you on the best course of action.
The 7p Survey is also available to companies that are not BDO clients. If you would like to connect with a BDO adviser, please complete the Contact form. Your details will be passed to an expert in an appropriate BDO firm and they will then contact you directly.
Please note that by completing this form and ticking the appropriate consent box, you are agreeing for your details to be passed to the relevant BDO firm and for them to follow this up with you.