Business model transformation

• "Business Transformation is the process of fundamentally changing the systems, processes, people and technology across a whole business or business unit, to achieve measurable improvements in efficiency, effectiveness and stakeholder satisfaction. [Wikipedia]

• The formulation of an organizational transformation management strategy is a critical component of any modernization program and involves a systematic approach that supports both the organization and the individuals in it to plan for the change and then accept, implement, and benefit from the change. [Mitre]

• A business model describes the rationale of how an organization creates, delivers, and captures value, in economic, social, cultural or other contexts. The process ofbusiness model construction and modification is also called business modelinnovation and forms a part of business strategy. [Wikipedia]

• Business transformation is a change management strategy which can be defined as any shift, realignment or fundamental change in business operations. The aim is to make changes to processes, people or systems (technology) to better align the company with its business strategy and vision. [BIE]

• Business transformation is a common term for a dramatic program of change that typically involves everyone in an organization. At its best, business transformationis a move to own the change that is sweeping an industry. ... The following are common types of business transformation. [Simplicable]

What is the business transformation process?

Business Transformation is a change management strategy which has the aim to align People, Process and Technology initiatives of a company more closely with itsbusiness strategy and vision. ... For any transformation of a business or business processes innovation is one of the key drivers. [Rapidibi]

• There are four stages of transformation (at least) and all the phases require constant analysis, understanding, leadership, risk and the continuous evolution of new capacities. The Four stages of transformation start with: Resistance to change. The “hmmm” period. [Emergentaction]