Business Transformation?

What is Business Transformation?

BY ROB LLEWELLYN ⋅ 7 DECEMBER 2013 ⋅ POST A COMMENT

Business transformation is a fundamental change in the way a business operates. Every company needs to continuously transform itself to stay ahead of the game, and to avoid slowly diminishing amongst the changing world around them.

Every consulting firm involved in business transformation will have its own variation of a definition, but the Business Transformation Academy provides us with the following:

“Business transformation is defined as a complex organizational change process affecting the entire value chain that has the potential to radically alter the company’s relationship with the wider economic and societal environment.”

Consult Llewellyn adopts the Business Transformation Academy’s BTM² framework which is made up of the following management 8 management disciplines:

• Strategy Management
• Value Management
• Risk Management
• Business Process Management
• Transformational IT Management
• Programme and Project Management
• Organisational Change Management
• Competence & Training Management

UNFORTUNATE FACT
70% of transformations fail. Most due to insufficient attention to non-technical challenges such as value management, programme management and change management, and the mis-alignment of all management disciplines that span the transformation. Managers in transformation contexts often know what to do, and yet they fail to execute.

SIMPLE SOLUTION
Engage external expertise to ensure your initiatives are managed as holistic business transformation programmes, encompassing the 8 management disciplines shown above. Don’t be another organisation that is sold a collection of IT projects which will be led by people who know IT transformational management well; but very little about the other 7 management disciplines of business transformation.

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