Fewer than a third of organizational transformations successfully achieve sustained improvements in performance. Given this statistic, you might wonder why you should start a transformation program at all. Organizations often embark on transformation journeys to harness untapped potential, drive growth, and boost efficiencies.
Business transformations are complex and multidimensional efforts that address shifts in culture, disruptive market competitors, and the adoption of cutting-edge technologies, as well as various external pressures. Digital transformations, which demand substantial investments in technology and processes enabled by this technology, are increasingly common.
While some initiatives focus narrowly, broader strategic objectives frequently guide transformations. These may include deriving value from environmental, social, and governance (ESG) initiatives or prioritizing principles of diversity, equity, and inclusion (DEI). By ensuring their transformation goals align with their distinct vision and priorities, organizations can pave the way for true success.
How Transformation Leaders Propel Success Click here
Understanding Business Transformation Click here
The Role of Technology in Business Transformation Click here
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