Business Transformation

Abstract

Business transformation fundamentally changes how businesses operate to achieve new or improved business goals. It involves a comprehensive and strategic overhaul of the organization's structure, processes, systems, culture, and sometimes core values. Business transformation may be necessary when a business needs to adapt to changes in its environment, such as new technologies, changes in customer needs, or shifts in the competitive landscape. It can also respond to internal challenges like inefficient processes, outdated technologies, or ineffective management practices.