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Transformation Isn’t An Option–It’s a Business Imperative

Today’s business volatility is unprecedented. The causes are complicated—new technologies and digitalization, globalization, blurred industry boundaries, regulation, energy dynamics, and other factors. But the message is clear: transformation isn’t an option, it’s a business imperative. Forward-thinking companies are launching transformations even when they dominate a market, retooling themselves so they stay ahead.

Welcome to the Era of “Always-On” Transformation

Across virtually all industries, unprecedented disruption and market turbulence—due to globalization, technological innovation, changing regulations, and other factors—are challenging established business models and practices, and requiring organizations to launch more frequent transformations in response. To keep up, companies need to undertake many different types of transformation.

Transformation: The Imperative to Change

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

Drawing from our experience helping to implement transformations across industries and regions worldwide, BCG has developed a proven methodology that can help companies exceed their targeted impact.

Mai-Britt Poulsen on Funding the Journey

Mai-Britt Poulsen Transformation

Mai-Britt Poulsen on Funding the Journey

Knut Haanaes on Winning in the Medium Term

Knut Haanæs on Winning in the Medium Term

Jim Hemerling on Organizing for Sustained Performance

Jim Hemerling on Organizing for Sustained Performance

Mai-Britt Poulsen on Funding the Journey

Transformation: Delivering and Sustaining Breakthrough Performance

The e-book is an essential guide for companies seeking to make large-scale changes and fundamentally improve the way they operate. It distills the experiences from hundreds of transformations into a clear set of core principles, illustrated with real-world examples.

Read the E-book

More on Transformation

Desperate Times Call for Effective Turnarounds

For companies on the brink, standard approaches to transformation are not enough. Instead, the leadership team must launch a turnaround or restructuring effort that can generate fast results.

Transformation

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