The performances & activities of all businesses are affected significantly due to various aspects. It becomes essential for companies to seek constant business transformation to overcome competition. Each transformation is said to be determined by the content, context, participants, process & the effects. Such transformation is crucial for any business to survive & succeed in the ever-increasing competitive world.

1. The 5 Types of Business Transformation
The performances & activities of all businesses areaffected significantly due to
various aspects. Theseare competitive pressure, globalization continuous
innovation & digital revolution. Thus, it becomes essential for companies to seek
constantbusiness transformation to overcomecompetition. Each transformation
is said to be determined by the content, context, participants, process & the
effects.
Know the five major business transformationtypes
Such transformation is crucial for any business to survive& succeed in the ever-
increasing competitive world. Ittakes place within the organization, disrupts
cultural norms, impacts operational modes of the management & modifies
business processes. Italso helps to avail benefits by implementing the latest
technologies & automation in the business.

2. 1. Management transformation:
For the management, the benchmark set is excellent responsiveness, discipline&
effective control. Companies must adapt to the ever-changing complex
environmental & societal changes. Internalrelations & hierarchy rules are
changing. Management methods & functions are re-evaluated, middlemen are
reduced, managers are now taking leadership roles & promoting empowerment,
collaboration & communication. They are also expected to identify & retain
talents, be an inspiration to juniors & maintain as well as develop commitment.
Adopting the ‘Lean approach’ will proveto be effective as it helps to develop
strategies by taking valuable inputs fromemployees. This also allows them to
express their mistakes fears, frustrations, and doubts and to set clear objectives.
2. Organizational transformation:
Itinvolves redesigning the structure, operationalmode, and professional
practices of the organization. Thus, it helps to increase overall efficiency. Itis an
evolving & continuous process with more focus being given to the employees. To
ensuresuccess, they need to be committed & supportive.
3. IT (Information Systems) Transformation:
For effective business transformation, ITtransformation is considered to be the
core feature and also the main growth driver. Itcauses a significantimpact on
different management resources like people, processes & technologies. Italso
includes an explosion in available data storage capacity & data. Such changes
have broughtabout the emergence of new services including rapid design,
distribution & development. Balancing the value proposition of the company with
that of the available resources for quick achievement is a major challenge. This
needs to be undertaken withoutrisking management priorities. Companies
adopting the ITtransformation process can differentiate itself using different
applications. It also includes information sharing, data sharing, process security &
digitalization of services. Also is offered key distribution channel like web services,
multi-channel & e-commerce.

3. 4. Cultural transformation:
Itinvolves implementing significant changes in behavior, organizing & thinking
patterns. Changing corporateculture means changing collective & individual
mental state, combine sustainableperformancewith freedom& achieve overall
well-being. But implementing this change process may take sometime and will
achieve success only after adopting managerial transformation. Itshould also be
driven by proper values & vision. Hence, the cooperation, confrontation, action &
reaction involved are likely to cause organizationalrestructuring. This in turn will
enhance values, meaning, increased scope & accountability instead of following
hierarchical task lists.
5. Business process transformation:
Itsignifies a shiftto a business-oriented transversalvision froma function-
oriented vertical vision. With the promotion of automation, it secures a wide
range of low added value, repetitive tasks. For this purpose, relevanttools are
used allowing the business to focus on increasing competitiveness & overall
productivity. This process when implemented correctly can speed up ROU & save
on precious energy & time. Italso saves on valuable resources & streamlines
effective actions. However, it is crucial to choosethe very best available options
about the implementation plans, technology & business model. This will help
supportcompany strategy & business process transformation.
Therefore, by adopting the right business transformation procedures, itis possible
to strengthen organizationalcompetitiveness & ensure success.