A document by Deloitte.."The word “transformation” gets thrown around a lot these days, but it can have different meanings for different individuals and companies. In a world of unprecedented disruption and market turbulence, transformation today revolves around the need to generate new value—to unlock new opportunities, to drive new growth, to deliver new efficiencies."
<p>Thinking big with business
transformation
Six keys to unlocking
breakthrough value
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The word “transformation” gets thrown around a lot
these days, but it can have different meanings for
different individuals and companies. In a world of
unprecedented disruption and market turbulence,
transformation today revolves around the need to
generate new value—to unlock new opportunities,
to drive new growth, to deliver new efficiencies.
All transformations require you to rethink how your
enterprise creates value today and in the future.
In other words, all transformations require you to
think big. Why? Because incremental improvement
is not enough to win in today’s exponentially
disrupted business environment. Your organization
requires sustained growth in the face of near
constant disruption, and sustained growth requires
agile reinvention. It’s not enough to win today. You
have to be able to continue to evolve in the future.
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The big transformation pitfall
An effective business transformation
means your organization can survive
and thrive as you pursue new
innovation-driven opportunities that
emerge, as you respond to shifting
market demands, and as you navigate
evolving regulatory complexities.
You’ll want to proceed with caution,
however. Transformation today takes
place at dizzying speeds, requiring a
level of integration and alignment that
many enterprises are not prepared to
handle.
Because many initiatives that once
took five or six years to complete
are now being implemented in a
year or less, many organizations
now need to manage mountains of
information, compressed timeframes,
and countless decisions that affect
nearly all aspects of strategy and
operations. The risk of failure is
great, but companies that can pull the
disparate elements into alignment
can achieve bold objectives, now and
into the future.
Understanding the strategic keys
to achieving breakthrough value
In light of the potential risks, aligning
all of the elements to get business
transformat