MSM 7039 Business Solutions And Transformation
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Business transformation is a generic term for fundamental changes in how a business or organization operates. This includes people, processes, and technology. These transformations can help organizations compete more effectively, improve efficiency, or achieve a wholesale strategic turn.
Business transformation is a bold, startling change that an organization makes to accelerate change and growth beyond the usual incremental progress. The opportunities are broad and strategic, such as moving to a new business or operating model.
The organization is transforming the business to create added value. This can mean unlocking the potential of employees, using intellectual property and know-how for other purposes, or increasing efficiency to maximize the company's potential.
Business transformation is a large-scale, multi-year plan that requires a complete change in the main aspects of the company being transformed. Given the size, scale, and timeline of a company, the top management (be it the CEO or the board of directors) must ensure the company's continued success and growth for the foreseeable future.
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