Business Process Transformation - Deepstash
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Business Process Transformation

Business Process Transformation

Businesses nowadays are focusing a lot on business processes. Data, analytics, APIs, machine learning, and other new technologies provide businesses with useful new opportunities to reinvent processes. Process transformation may add tremendous value, and technology adoption in many areas is quickly becoming a must.

What is Business Transformation?

What is Business Transformation?

Business transformation is a change management strategy that encompasses any shift, realignment, or adjustment in a company's operations. The goal is to improve the company's alignment with its business strategy and vision by changing processes, people, or systems (technology) in accordance to the type of change being brought over.

Introduction

Introduction

A business may undergo a transformation for a variety of reasons. It could be the result of new technology, market shifts, low profit and turnover resulting in cost cutting, or a merger and acquisition. These factors are critical for a company's success, necessitating a change in the business ecosystem.

Types of Business Transformation

Business transformation is divided into four categories:

  • business process,
  • business model,
  • domain, and
  • cultural/organizational.

Domain Transformation

Domain transformation covers the portion where a business can entirely change its business goals with respect to its focus in the market. Technological advances are redefining products and services. Many executives are unaware of the very real potential for these new technologies to open up entirely new markets for their firms and it is frequently this type of transformation that provides the most opportunity to generate new value.

Business Model Transformation

Business Model Transformation

Businesses are in persuasion of digital technologies in order to change traditional business paradigms. Business process transformation focusses on a business, whereas, business model transformations focus on the fundamental building blocks of a business answering the question of how value is delivered in a company. Corporations that achieve business model transformation open up huge new prospects for growth in the market.

Cultural Transformation

Cultural Transformation

A very long and unending digital transformation requires the employees to work together with the right mindset to cope up with the digital world. Certified B2B enterprises recognize that digital requires agile workflows, more interests in testing and learning, decentralized decision-making, and a greater reliance on business ecosystems.

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CURATED BY

kternai

I am an avid Learner who loves learning new things. My full time job is hands on coding and designing where I am involved in developing a product for S/4HANA Transformations. My everyday activity includes understanding the user journey for the pain we are

CURATOR'S NOTE

A business may undergo a transformation for a variety of reasons. It could be the result of new technology, market shifts, low profit and turnover resulting in cost cutting, or a merger and acquisition. These factors are critical for a company's success, necessitating a change in the business ecosystem.

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How ECC can be better transformed to S/4HANA and what are the key steps to look at before even starting it. In this ideas, we would deeper into the SAP transformation journey and focus more on how to start and prepare the baseline before embarking on the journey