The four pillars of a business transformation

    If you are a business leader, you have probably thought about radical change. As Strategy+Business reports, the conventional response is a transformation initiative—a top-down restructuring, accompanied by across-the-board cost-cutting, a technological reboot, and some reengineering. But these efforts tend to leave the organization fatigued and not much changed.

    Successful transformations, in this context, are a major shift in an organization’s capabilities and identity so that it can deliver valuable results, relevant to its purpose, that it couldn’t master before. This could be on a large or small scale or even just a part of the company.

    The best way to do this is to make a cultural shift with highly engaged leaders, who take control of the organization’s future in these four ways:

    Create a strategic identity. Articulate a single desirable future.

    Design for trust. Develop ways to attract and deserve the commitment of both customers and employees.

    Master the pivot from sprint to scale. Test new practices, pick the approaches that work, and rapidly implement them.

    • Treat your legacy as an asset. Save the best of your past, divest the rest for advantage, and use the income to fund the future.  Read the full story.

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