Business Transformation is the process of transforming the business process of an organisation to cope with changing needs of markets. Organisations undergo business transformations in order to cope with changing needs of their product markets. Business transformation ultimately helps an organisation in improving its bottom line by either increasing revenues or reducing operating expenditures or both.

What are the types of business transformation?

"Business transformation" describes the different types of widespread organization change needed to deliver better customer and employee experiences. A survey by Gartner revealed that 42 percent of CEOs have recently prioritized a business transformation to develop 'new-era technology skills and capabilities.' Now a days some transformation is very essential for most of the businesses i.e. Digital transformation, Product changes, System Transformation, Evolution in Data & more.

9 Steps To A Successful Business Transformation - 1.Assess the current state, 2.Getting the right strategic vision, 3.Set the budget and identify the right technology, 4.Create an open feedback culture, 5. Design the Future State and Develop improvements. 6.Plan out training, 7.Execution (hardest part of transformation) 8.The biggest challenge to transformation may be a leader wedded to a past or current success, 9. Take a broad view of customer demand when embarking on business transformation...