12 Examples of Business Outcomes to Make You Think Outside the Box

Business outcome examples: Business outcomes are the final results of your business process. They fulfill the purpose of your business, helping you achieve its objectives.

But they don’t need to be so straightforward, right?

Thinking outside the box is a good way to achieve more creative and interesting outcomes that also serve your business purpose.
Think about it – what do you know about your business outcome?

Do you know all of them? Or maybe there are some hidden ones?

The answer might seem obvious, but you’ll be surprised how many businesses overlook this simple exercise.

Outcomes are an essential part of any business process – whether it’s sales, marketing, finance or even HR.

A consequence-based approach to thinking about your business outcomes can unlock new opportunities for innovation and continuous improvement.

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12 Examples of Business Outcomes to Make You Think Outside the Box

Business outcome examples: Today, businesses face increased pressure to adopt new technologies that drive operational efficiency and create new customer experiences. As a result, many C-level executives are asking what the ROI of emerging digital technologies will be for their business. As a result, we’ve seen an uptick in requests for business outcomes as proof points to get buy-in from stakeholders. What exactly is a business outcome, and why is it so important? A business outcome is what your company wants to achieve as a result of implementing an idea or project. It’s also sometimes called a value proposition or key performance indicator (KPI). Read on to learn more about the importance of business outcomes and 12 examples to help you think outside the box when coming up with ideas for yours.

What is a business outcome?

A business outcome is the result your company wants to achieve as a result of implementing an idea or project. It’s also sometimes called a value proposition or key performance indicator (KPI). It’s important to remember that a business outcome is not the same as a business goal. A business goal is a broad, company-wide objective that is often set at the executive level. A business outcome, on the other hand, is a more specific and tactical-level objective that is typically set at the team level. Successful businesses aren’t just about meeting the numbers each quarter. They’re about building a sustainable future and making customers happy in the process. As such, business outcomes are much more focused than goals. While goals are focused on the overall performance of the business, outcomes are more specific to the individual project or initiative being executed.

Why are business outcomes important?

Business outcome examples: Business goals are not enough to get everybody excited or drive real change in your company. If you want to get the most out of your initiatives and ideas, you need to have a plan for what success looks like. While goals are about making sure you reach your targets, outcomes are about creating a positive impact in the world. Successful businesses don’t just meet their targets. They also create something of value for their customers. And, as a result, a lot of people get happy as well. In order to truly understand the impact of your business and how you will change the world, you first need to know what success looks like.

12 Examples of business outcomes to make you think outside the box

If you’re having trouble coming up with examples for your business outcomes, try looking for trends in other companies’ outcomes. For example, many of the biggest tech companies have recently focused on improving their customer service experience. Some of the outcomes that have resulted from this include: – In-person and virtual company events that bring customers together – New ways to interact with customers via social media and live-streaming – Better ways to communicate and resolve issues with customers – New ways to track and respond to customer feedback

Rebooting your customer experience

Business outcome examples: A customer experience, or CX, refers to the way your customers interact with your brand across touchpoints such as social media, email, and live chat. New technologies, such as artificial intelligence (AI) and virtual assistants, are putting these experiences in the spotlight. In fact, Gartner predicts that by 2020, 40% of organizations will use CX to drive new business value. For example, AI is already being used in the travel industry to help customers find the best deals and manage their trip. Additionally, virtual assistants are improving the way customers interact with brands by making it easier to solve issues, find information, and complete tasks. If your company is planning to use AI or a virtual assistant to improve your customer experience, your outcome could look something like this: By using an AI-powered virtual assistant, we will increase customer satisfaction and improve our brand reputation.

Reinventing your ad experience

With the rise of ad blockers and GDPR, marketers are facing a new set of challenges. Consumers are now more aware of how their data is used and how it benefits brands. As a result, many people are taking steps to fight back against what many see as an invasion of privacy. Now, marketers are having to find new ways to reach and engage their customers. For example, many companies are turning to new technologies to create more engaging and relevant ads. Some of these technologies include artificial intelligence and blockchain. Each technology can be used to create more targeted, less intrusive ads. If your company is planning to use AI or blockchain to reinvent your ad experience, your outcome could look something like this: By using AI to create more targeted and relevant ads, we will grow our user base and revenue substantially.

Reimagining your HR process

One of the most popular emerging technologies today is blockchain. This technology is being applied to a wide range of industries, including Human Resources (HR). Leading companies like IBM and Walmart have implemented blockchain systems to streamline their HR processes. For example, blockchain applications can help companies verify the credentials of job applicants, onboard new employees more quickly, and efficiently manage employee benefits such as insurance and stock options. By implementing blockchain technology to reimagine your HR processes, your outcome could look something like this: By implementing blockchain technology to streamline our HR processes, we will increase employee satisfaction and reduce onboarding time.

Updating your storage infrastructure

Business outcome examples: As more and more people rely on cloud technology, the demand for new and improved cloud storage infrastructures has gone up. To meet this demand, leading cloud providers are updating their systems with new technologies like AI and blockchain. For example, Amazon is applying its AI technology to improve its storage infrastructure. In fact, Amazon’s AI-powered S3 service can optimize your data storage for you, making it easier to save and retrieve information. If your company is planning to use AI to update your storage infrastructure, your outcome could look like this: By using AI to optimize our storage infrastructure, we will reduce our data storage costs and improve data security.

Revamping your company event space

From hosting workshops to team-building exercises, more businesses are investing in event spaces to bring together their employees. These spaces can be anything from a state-of-the-art training facility to a trendy coffee shop. Artificial intelligence and virtual reality (VR) are just two of the many technologies that are being used to transform event spaces. AI is being used to improve on-site activities, such as hospitality and event management. VR is being used to transform event spaces into interactive virtual worlds, where participants can collaborate with other attendees and explore their surroundings. If your company is planning to use AI or VR to revamp your event space, your outcome could look like this: By using AI to improve on-site activities and VR to transform our event space into an interactive virtual world, we will increase employee satisfaction and drive new revenue.

Improving the user experience for existing services

Business outcome examples: Building on the last example, emerging technologies aren’t just used to create new services. AI and blockchain are also being used to improve the user experience for existing services. For example, AI is being used to drive better user experiences for health insurers and financial institutions. AI can help these companies better understand their customers and make recommendations based on their needs. It can also help automate certain tasks, such as collecting data from health providers and automatically filing insurance claims. If your company is planning to use AI to improve the user experience for an existing service, your outcome could look like this: By using AI to better understand our customers and automate certain tasks, we will improve our customers’ satisfaction and reduce operating costs.

Conclusion

Business outcome examples: What’s important to remember is that no matter what technology you’re using, you will only be successful if you can show how it will generate business outcomes. In fact, we believe that focusing on outcomes is one of the best ways to overcome technological adoption challenges such as uncertainty, cost, and security. So, if you’re struggling to get buy-in for your project or initiative, try thinking outside the box and focusing on the business outcomes you hope to achieve.