Implementation of business transformation helps a company to stay innovative and competitive in its industry. Earlier, Anand Jayapalan had underlined that with the change in standards and technology over time, it can be common for companies to undergo certain changes in order to adapt to their markets and maintain positive business results. Business transformation is a popular concept that is meant to describe fundamental changes in the operations of a company, including its personnel, technology and work process. Certain transformations include updates in each of these areas.
Here are some of the common areas for business transformation:
- Management: Management transformation entails improving internal relations and leadership teams. By training better leaders and updating traditional hierarchies, businesses are able to effectively adapt to the changing workforce. It is pretty common for companies to transform management to reduce micromanaging, as well as provide team members with more independence. Management transformation can result in a pleasant work environment, increased innovation, higher retention of employees, as well as simplified transitions for other business transformations.
- Cultural: Cultural transformation may involve adjusting company values, reorganizing behaviours and exploring ways of thinking within a workplace. In certain cases, a successful cultural transformation depends on making a management transformation beforehand. This helps make sure that there are well-trained managers to guide employees through a cultural change. Cultural transformation can take place throughout an entire company, or within a team or department. Such transformations are usually undertaken to reflect the core values of a company in its work culture. Benefits of cultural transformation can include increased productivity, as well as improved employee and customer satisfaction.
- Organizational: Organizational transformation typically changes the structure of how a company operates. It can help improve business efficiency, and often seeks to assist employees in collaborating at work with improved ease. As organizational transformation involves bringing change in the workplace, it very often takes place after a cultural transformation. After all, a team may need to change its way of thinking in order to allow this structural change. Potential benefits of an organizational change include increased productivity, improved workplace communication and more efficient work processes.
- Information systems: Transformations of information systems involve changing the technology and processes of a company. Such transformations typically result from the use of new technologies adopted by a company. A business may see such a transformation by adopting new technology and software that helps employees communicate, streamline tasks, improve productivity and more. Updating information systems can result in improved customer relations, competitive advantage, as well as business growth and globalization.
- Business process: A business process consists of a series of actions and tasks carried out by individuals and resources to achieve a specific outcome. Transforming these processes involves altering how a company performs its activities or organizes its workflows. The advantages of transforming business processes may include improved communication, innovation in the workplace and in products, as well as increased team efficiency.
Earlier, Anand Jayapalan had pointed out that business transformations largely involve bold, seismic shifts that organizations have to make to accelerate change and growth beyond typical incremental advancements.
