In [[]] it has been said that business transformation involves making fundamental changes in how business is conducted in order to help cope with shifts in market environment.[1] However this is a relatively narrow definition that overlooks other reasons and ignores other rationales.
A better understanding is achieved by considering that "transformation [..] is generally a response to two things. First, there are underlying problems or causes of organisational pain that need to be addressed. They have to be properly understood but nevertheless they are a key component. Second, there is a desire by the top management and other senior stakeholders to use the opportunity of addressing these causes in ways that fundamentally alter the paradigm of the organisation."[2] Others describe Business Transformation as "the process of fundamentally changing the systems, processes, people and technology across a whole business or business unit. As such, a business transformation project is likely to include any number of change management projects, each focused on an individual process, system, technology, team or department."[3]
- ^ . Harvard Business Review January 2007 Kotter
- ^ Wherrett, Rob (10 March 2020). "Explaining Business Transformation".
- ^ Cruise, David (14 Sep 2017). "Business Transformation".