Business Transformation and Planning
All successful organisations have a business transformation plan which evolves. In order for businesses to remain relevant and successful they should plan for continual business transformation and improvement. When an organisation starts to think about how they can transform, they consider the current business environment and the strategy of the business. Training is also a key element of successful business transformation and employee engagement.
In order to successfully transform any business you will need to have a robust plan. Communication is necessary in order to gain buy-in and to inform employees of quick wins and successes.
Developing your strategy for business transformation
A plan is then made to design a new strategic direction to take advantage of emerging market conditions or new opportunities in other markets. Business transformation is vital to remain relevant and to meet the needs of customers. If we consider Kodak and BlackBerry, they both failed to transform and embrace change to meet current and future customer needs. John Kotter, in ‘Leading Change’ (1996), set out the 8 key steps for business transformation change in an organisation: