Transformation: The Imperative to Change
Learn more about the tools and approaches you need to lead a successful and sustainable transformation effort.Read the report
Moore’s Law, data explosion, the Internet of Things, software dependence, cloud computing—so much has changed, is changing, and will change that the industry can barely keep up. Yet many companies are following the same business models they’ve had for years, even decades. At key inflection points, business model innovation is necessary for survival.
The first is funding the journey. It’s important to pull the right short-term levers in order to sustain the transformation and fund new growth engines. The second is winning in the mid-term. CEOs and their leadership teams must describe an aspirational, engaging, fundamentally different value proposition that leads to mid-term revenue and earnings growth. And the third is developing the right team, urgency, organization, and culture. It’s essential to prepare the organization to execute and sustain the transformation.
BCG can help businesses successfully navigate these issues. We focus on five elements of enterprisewide transformation: