Business transformation does not mean fine tuning in few areas, but radical changes in business strategies and policies. Reinvention of the entire business policy is the central idea of Business Transformation. It implies holistic process of transforming the business. This will help the organizations to succeed and not die away due to stagnation.
Business transformation is not just important, but it is vital for any organization to succeed in today’s environment. The world’s economic conditions forcing businesses to either reinvent themselves or die away soon.
“It is not the strongest of the species that survives, nor the most intelligent, but rather the one most adaptable to change.” (Clarence Darrow)
Many companies that fail focus on the outward manipulation of markets and customers driven from the “ego” of the organization. Unfortunately for them, today’s markets are sensitive to purposeless wealth creation.
Business Transformation can bring
Business transformation is not just important, but it is vital for any organization to succeed in today’s environment. The world’s economic conditions forcing businesses to either reinvent themselves or die away soon.“It is not the strongest of the species that survives, nor the most intelligent, but rather the one most adaptable to change.” (Clarence Darrow)
Many companies that fail focus on the outward manipulation of markets and customers driven from the “ego” of the organization. Unfortunately for them, today’s markets are sensitive to purposeless wealth creation.
Business Transformation can bring
- Radically improved products and services
- Increased revenues
- Reduced costs
References
- www.microagility.com/docs/bt.pdf
- ‘A change for the better Steps for successful business transformation’ A report from the Economist Intelligence Unit
