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Transformation is a complex term, confused initiative in most organisations and a complicated project to implement. Explore and learn how BTE can help to drive your Business Transformational initiatives.
Business Transformation, the term itself is used to refer to strategic, enterprise-wide change projects that have a profound impact on the organisation’s capabilities, environment, processes and performance. Correctly planned and implemented, business transformation can have far-reaching implications and benefits for the organisation, as well as deliver significant results that are visible on the bottom line. The project types covered by our definition of business transformation are as follows:
The need for business transformation has never been greater in the modern organisation. But while companies are gradually becoming accustomed to being in the midst of constant change, they often lack the knowledge and skills they need to thrive in such an environment.
The past few decades in business have been characterised by a succession of fundamental
shifts in the way companies operate and structure themselves. In their search for greater efficiencies, economies of scale or lower costs, companies have embraced trends such as outsourcing, offshoring, and mergers and acquisitions, while rapid technological development has transformed the way information is shared and communicated, and the way business processes and transactions are conducted.
Although trends such as mergers and acquisitions, offshoring, process improvement initiatives and large-scale IT projects can have different objectives and require different skills, they are all examples of business transformation. Each type of project requires executives to set clear objectives, to ensure that those aims are understood by everyone in the organisation and to focus carefully on the implementation stage so that the objectives are achieved. In short, each project is about managing large-scale change – something that in today’s highly distributed, global organisation is a complex and demanding undertaking.