Being the strongest or largest player in an industry no longer ensures success in today’s global marketplace. Companies now need a solid transformation strategy to compete in an increasingly complex business environment.
Lars Faeste on the importance of aligning company perceptions with reality, and the need to transform.
The Truth About Corporate Transformation
There is surprisingly little hard research on the design and execution of transformations. BCG's analysis, however, reveals several factors that can help business leaders improve their odds of success. We examine the evidence for what works and what doesn’t in an article in MIT Sloan Management Review.
There is a mismatch between corporate profits and investment levels in business. The latter remain very low, even though rising volatility makes investing in the future an imperative. A steady stream of recent CEO changes amplifies an important message: Even if things seem to be going well today, leaders cannot afford to underestimate the massive shifts in their industries.