Once the top management has decided to proceed, it will need to form a team to lead the journey. Objective: Implement digital transformation across enterprise “In this model we start to see the shift away from a central group and into putting more of the resources into the lines of business. Transformation and organizational change must start from different levels of the business. "Business transformation" describes the different types of widespread organization change needed to deliver better customer and employee experiences. If you accept that the ‘core’ business is not really interested in identifying and pursuing new opportunities for transformation change, and would always put it at the bottom of their priorities – which means rarely / never resourcing it, then the only way forward is to create a ring-fenced ‘Transformation Team’ to … Be deliberate about how you form the team and the type of work – be it highly exploratory or otherwise – they focus on. 2. Companies have always had to innovate and adapt. Business transformation originates at the highest level of an organization due to its goals, magnitude, and scopes of timing and budget. The team’s primary goal is to manage the Opportunity-Benefit Matrix (OBM). They will be the strategic architect working with the CEO to integrate and drive and choreograph a transformation agenda. Crossing The Threshold: Forming A Team To Lead The Transformation. The CEO needs to serve as the primary change agent in the business, who together with his or her leadership team, will establish alignment at all levels of the organisation, encouraging speed, agility, and accountability, as well as anchoring transformation through bold and rapid decision-making. The flow above shows how the team’s role fits into the overall business transformation process. High-performance teams start small with a cross-functional representation of business, technology, and design. This is the nucleus to build a team around. Read the transcript below. Definition: Transformation planning is a process of developing a [strategic] plan for modifying an enterprise's business processes through the modification of policies, procedures, and processes to move the organization from an "as is" state to a "to be" state. This includes personnel, processes, and technology. MANNY MACEDA: Let me explain what the role of the chief transformation officer is and the associated transformation office that this person will often lead. Origination of business transformation. Our research team screened all the firms in the S&P 500 and Global 2000 using three lenses: ... That’s why strategic transformation may be the business leadership imperative of … In my experience, every business transformation will take longer to implement than you expect. Act your way to a new culture Business transformation is an umbrella term for making fundamental changes in how a business or organization runs. 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