Transforming IDEAS To Business
What motivates a leadership team to embark on strategic transformation? It is often easier in the short term not to understand the challenge or delay the decision for just one more year, which is why stories of successful corporate change efforts are so rare. Yet strategic transformation-adapting a core business to disruptive change while also creating new growth around new products, services, or business models-may be the leadership imperative of the 21st century.
Business Transformation is a change management strategy which has the aim to align people, processes and technology initiatives of a company more closely with its business strategy and vision. In turn this helps to support and innovate new business strategies. For any transformation of a business or business process innovation is one of the key drivers. Having a strong innovative capacity within the culture of the business can be the make or brake of a transformation process.
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