Business transformation

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Business transformation is a key executive management initiative that attempts to align People, Process and Technology initiatives of a company more closely with its business strategy and vision to support and help innovate new business strategies. Business transformation is achieved through efforts from alignment of People, Process and Technology strategies towards a strategic end-state.

Business transformation can be achieved through new technology, business models and management practices. Business transformation is now considered an essential part of the competitive business cycle.

IBM,Nortel, and 321 Transform LLC have branded Business Transformation through technology and consulting as a core product and service.

Business/Economic Term: Transformation - Changing a raw material into a final product