Business transformation is an umbrella term for making fundamental changes in how a business or organisation operates. Transformation can include internal issues such as personnel, and management and production processes, as well factoring in external factors such as regulatory changes, changing demand and new market opportunities.

Business transformation is more than just a strategy for growth or improvement; it's about completely reinventing the way you do business.

There are many ways to be innovative. Strategic transformation involves a radical shift in the way you do business, but you could also choose to make incremental changes over time. You could improve how current products or services are used, develop new market opportunities, or change the way your business is run.

This guide explains how to implement business transformation in your business, including how to transform your business model, operations and processes to boost your success.