3 essential success factors of business transformations (and a rookie mistake to avoid)

Transformation factors
Transformations can make or break a business. Anyone who’s been responsible for rolling out a major IT overhaul or implementing a cost reduction program will have battle scars to prove it — but with good planning and sound strategy it doesn’t have to be a painful exercise. As you’d expect there are lots of elements that need to come together to get a transformation right, but in our experience, these three factors are the most critical. #1 Ensure management and board have skin in the game Witho...