Transformation is about making fundamental changes in how business is conducted in order to help cope with a shift in market environment and achieve a sustainable, quantum improvement in performance. Specifically, this fundamental change can be in the company’s corporate strategy, business model, organization, culture, people, or processes.
A new CEO taking charge of an organization can benefit from a Business Transformation framework. When a new CEO is hired, stakeholders expect significant changes, including Transformation. For this Transformation to be effective, the CEO needs to take action immediately. While this framework is designed for new CEOs, the approach and concepts can also be applied to any type of Transformation project.
The Transformation Framework follows a 4-phase approach:
1. Define the Ambition – starts up to 100 days before starting
2. Energize the Organization – first few weeks
3. Prepare and Launch the Transformation – first 100 days
4. Drive the Transformation – first 18 months
For additional information on Business Transformation Framework for New CEOs contact Dawgen Global Advisors at : [email protected]
