It refers to a comprehensive organization change to achieve its sustainable goals, typically in response to changing market conditions, technology advancements, or dynamic competition pressures. The transformation process involves redefining the company’s Purpose, Portfolio, Ecosystem, Capabilities, Resource Allocation and Key Metrics. to create more effective business practices and better align with current market demands.
Companies need strategy transformation for several key reasons: Adaptation to Market Changes, Increased Competition, Technological Advancement, Growth Opportunities, Operational Efficiency, Customer Experience, Risk Management and Cultural Alignment.
This defines why a company exists, articulating its mission and the value it aims to provide to customers and stakeholders.
This refers to the main products or services a company offers (core portfolios) and the broader network of partners, suppliers, and customers it collaborates with to create value (ecosystem).
These are the unique skills or processes a company consistently nurture to deliver its offerings effectively and efficiently, creating a competitive advantage.
These are measurable values that indicate how well a company is achieving its business objectives, often used to assess performance, guide decision-making, and drive improvements.
This involves the strategic distribution of financial, human, and technological resources towards initiatives and areas that align with the company’s goals and maximize return on investment.