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.