Business Transformation – Overview

Business Transformation is a Change Management strategy that implement fundamental changes to conducting a business to make it more efficient, effective and profitable. Businesses must regularly assess its conduct in terms of the market environment. This involves changes to processes, personnel and technology to realign with organisations strategy and vision and to compete more effectively.  Globalisation, free trade, competition, digitalization affect the operations and performance of businesses and business, hence transformation is required to remain competitive. The five fold business transformation consists of organizational transformation, management transformation, personnel (cultural) transformation, information Systems transformation and business processes transformation