To remain competitive, organisations must continuously identify ways to unlock growth, build resilience, and be agile when reacting to challenges and realising opportunities. Faced with unprecedented levels of change within both internal and external environments, leaders today are increasingly looking to improve and transform their organisations to survive and thrive.
We understand the key challenges in delivering change and transformation, and this publication aims to share insights to support leaders to:
- Define business transformation, and understand the difference between growth and survival transformation
- Develop a frame of reference for identifying different categories of business transformation opportunities
- Identify business transformation drivers through an analysis of common external, internal, and sector-specific factors X Provide a model for assessing business transformation readiness
- Share good practice for delivering successful business transformation. We help organisations react to change, build resilience, and realise future opportunities to sustain and increase competitive advantage by rethinking transformation.
What do we mean by business transformation?
Transformation represents a deliberate change. Business transformation is the reinvention or refocus of any aspect of an organisation (people, process, technology, data), or the organisation itself. While business transformation is often used to describe a single or set of strategic, high profile, and expensive initiative(s), this is not always the case. Business transformation describes all deliberate and transformative change, including change that is tactical, with limited scope, but still improves and adds value to the organisation.
For further information and details of Rethinking Transformation and the support our team are able to provide, please download our publication below.
Original content provided by BDO UK.
Subscribe to receive the latest BDO News and Insights
Please fill out the following form to access the download.