Economy minister discusses economic cooperation with German minister    Saudi Crown Prince congratulates new Japanese PM Sanae Takaichi    At UNCTAD, Saudi Arabia affirms commitment to sustainable economic transformation    Saudi justice minister, Italian counterpart agree to enhance judicial cooperation    TGA: Autonomous vehicle service beneficiaries surpass 950 in Riyadh    103 million orders delivered in Saudi Arabia in 3Q 2025    Yapı Merkezi reaffirms its commitment to Saudi Arabia with the opening of its regional headquarters in Riyadh A new step in Turkish Saudi cooperation    OMODA 4 Media Preview: Shaping the future of mobility with media and users    Belgian resistance holds up €140 billion loan for Ukraine at EU summit    Trump says he's ending trade negotiations with Canada    EU, US impose new sanctions on Russia to force ceasefire in Ukraine    Egypt joins EU funding program Horizon Europe    Riyadh Season 2025 draws 1 million visitors in 13 days    Athar Festival 2025 opens in Riyadh with record attendance, new creative streams, and Saudi-first innovations    Qatar clinch 2026 World Cup berth with 2-1 win over UAE in Doha    'India's Picasso' is breaking auction records — enraging the Hindu right    D'Angelo, Grammy Awardwinning R&B singer, dead at 51    Splash unveils new winter collection featuring Maya Diab    India players refused handshakes, says Pakistan coach    Adolescence star Owen Cooper makes Emmys history at 15    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Change before it's too late: How companies reinvent themselves
Published in The Saudi Gazette on 25 - 12 - 2024

paced environment of today have to make a crucial choice: either change aggressively or risk losing relevance.
The forward-looking companies of Starbucks and Deloitte show how they welcome change—not as a reaction to a crisis but rather as a means of industry leadership.
Both stories show the power of proactive transformation and how well it can turn potential mistakes into long-term gains.
An epic collapse occurred in the late 2000s for Starbucks, the world's largest coffee chain today.
By 2008 the business was facing declining sales, too rapid development, and a loss of brand identification.
Consumers felt Starbucks had deviated from the personal and premium coffeehouse experience it always promoted by becoming too corporate and transactional.
Understanding the decreasing trend, former Starbucks CEO Howard Schultz went back to lead a bold reorganization project.
To refocus on the customer experience, Schultz aggressively closed failing stores, stopped future openings, and made staff training investments.
He restored the fundamental integrity of the brand, put quality over quantity, and inspired innovation—including enhancing the online buying system.
Although Schultz's strategic vision made this turnaround challenging and expensive, it allowed Starbucks to recover its position as a leader in the coffee market.
Early in the 2010s, Starbucks not only turned around financially but also rebuilt itself as a progressive, customer-centric business.
Deloitte too realized in a world of change that its consulting strategy needed to be changed.
The company started Pixel in 2014 as a way to use freelancers and the public to find specific knowledge from all over the world.
Deloitte forecasted that the growing need for digital transformation, artificial intelligence, and data science solutions would not be met by conventional consulting methods—which mostly rely on in-house teams.
Pixel offered a way to access scaled, flexible expertise, which produced faster, more reasonably priced answers.
Though promising, Pixel ran across internal resistance. Senior managers worried about including outside knowledge since they thought it would compromise Deloitte's client relationships and perceived value.
Supporters like Matt David and Balaji Bondili, however, persisted using early successes to show Pixel's effectiveness. Deloitte changed their consulting model using this fresh approach instead of just modifying it. Pixel currently ranks Deloitte as a top innovator in consulting driven by creativity, stressing the need of embracing calculated risks.
Proactive change builds resilience and long-term success whether Starbucks reinvents the coffee experience or Deloitte redefines consulting.
I work in the healthcare sector personally, and generally this sector has been slow to welcome change. But in the fast-paced world of today, being sluggish is no more a choice. Patients anticipate more; markets move quickly; companies who try to ignore will be left behind. My advice is simple: adapt before the market does.
Prof. Awad Al-Omari


Clic here to read the story from its source.