In management, business transformation involves making fundamental changes in how business is conducted in order to help cope with shifts in market environment.
"Business Transformation is the process of fundamentally changing the systems, processes, people and technology across a whole business or business unit, to achieve measurable improvements in efficiency, effectiveness and stakeholder satisfaction. As such, a business transformation project is likely to include any number of change management projects, each focused on an individual process, system, technology, team or department."
bedding in the change so that the organisation cannot move back to how it was and achieves the intended benefits.
Business transformation can lead to developing new competencies and making better use of existing competencies.
^ Cruise, David (14 Sep 2017). "Business Transformation".
^ Bak, O. (2016). Investigating Organizational Transformation in Automotive Supply Chains: A Case Study on B2B and Extranet. Strategic Change, 25(3), 299-314.