Original Source:  Schroeder and Schroeder Inc.

“In today’s rapidly changing business environment, organizations of all types need to undergo frequent transformation in order to remain competitive and meet the needs of their clients or customers (Jugdey & Mathur, 2012; Savoleinen, 2013; Zekic & Samarzija, 2012).  

In contrast to more modest change initiatives, transformation typically affects all areas of the organization as well external stakeholders, and involves a major development in the way the organization operates, either internally, or in its interactions with the outside world.  

The need for transformation usually arises from what might be referred to as “life changing” developments in the external environment, such as a major shift in consumer preferences, the growth of fierce competition, or revolutionary developments in information and communications technology.  Though these may sound dramatic, they are the kinds of ongoing developments that now characterize our world and the business environments that most organizations operate in…”

https://www.schroeder-inc.com/art-and-science/ 

Contributors: Open Source
Categories: SIG U Resource, Whitepaper
SRC Type: Disruptive Digitization