Is either you are leading transformation or transformation will be forced on you.
When transformation is forced on you, it means you will not be able to manage and you and your business (Institution) will probably crash because transformation will stretch you beyond your capabilities and make you an industry follower instead of an industry leader.
Transformation is inevitable in both career and business. Is either you are proactive to lead transformation or be part of ongoing transformation or you are reactive to the effect of transformation in your business – industry & economy in general.
Let me break it down a little
What is business transformation?
Business Transformation is the process of fundamentally changing the systems, processes, people and technology across a whole business or business unit, to achieve measurable improvements in efficiency, effectiveness and stakeholder satisfaction.
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According to HBR in 2016, they divided Business transformation into 3 areas.
I strongly think Entrepreneurs and Business Executives should take note of these:-
- a) Operational transformation – doing current things cheaper, faster and/or better, often with the assistance of digital technology.
- b) Operational model transformation – doing what you have been doing but in a completely new way. Also known as Core transformation.
- c) Strategic transformation – fundamentally changing the essence of the business (Institution). Done badly, it’s often called foolhardy or destructive; done well and leads to industry leadership.
When a business whether big or small whether in the city or a semi urban area pays close attention on how to lead transformation, this position the business in such a way that it will continue to grow and be successful in both the near and distant future. We can help you lead business transformation WhatsApp +237674949153
Cheers
Javnyuy Joybert
Mr Remarkable