Hima Yerraguntla, our resident Business Transformation expert, shared this excellent article of the definition of Business Transformation. You can read the entire post here, but in summary, today Business Transformation means more than a label used by IT organizations to re-brand their processes. It implies a holistic process transforming across the business. It also implies that this is the only valid strategic process towards achieving your corporate vision or way forward.
How do you know you need to transform your business? Ask yourself:
* Are we reinvesting in opportunities as the market evolves?
* Is our performance superior to our major competitors?
* Is our competitive advantage strong enough to leverage more customers and more business from existing customers? |