The approach developed by BCG is faster, less costly, and more likely to succeed than a systemwide overhaul. Using it, some companies have achieved 15% to 20% of the potential of a full data-driven transformation in six to nine months.

Many companies that launch transformations focus doggedly on demonstrating outcomes. But this approach is shortsighted, and many transformations consequently fail. Companies must address the underlying capabilities needed to achieve and sustain outcomes if they are to succeed.

Constant market turbulence makes it difficult for leaders of large corporations to keep up with transformation imperatives. Our guide provides the information you need to stay on track—from causes of failure to implications of leadership.

New CEOs frequently face immediate pressure to make changes. This playbook explains how and where to start a fundamental reboot and provides a transformation framework that can lead to a sustainable, quantum improvement.

Transformation is now an imperative for most companies, necessitating fundamental change in strategy, operating model, organization, people, and processes. The right approach comprises three parts.

Mai-Britt Poulsen, a BCG partner and managing director, discusses the first pillar of the transformation framework.

Knut Haanæs, a BCG senior advisor, talks about the framework's second pillar.

Jim Hemerling, a BCG senior partner and managing director, explores the third pillar of the framework.