Transformation Troubles

  Change Management   Portfolio Management   ProjectsAtWork  

Large enterprises view Business Transformation as essential to their ability to compete, but struggle with execution, according to a new study by Oracle and Forbes. Here are key findings from the study, including the roles of innovation, risk, and project portfolio management tools.

Continual business transformation is crucial for companies to stay ahead of emerging players and maintain a competitive edge. From bringing new offerings to market to deploying IT systems to major capital expenditures, business transformation can take countless forms. Many large organizations, however, are struggling with their transformation efforts, according to “Making the Change: Planning, Executing and Measuring a Successful Business Transformation,” a study conducted by Oracle in partnership with Forbes.

Despite strong agreement that business transformation is fundamental to success, 48 percent of executives say their organization is only somewhat or not at all prepared to successfully execute a business transformation today, according to the study, which surveyed 534 executives from large global enterprises.

While the vast majority of executives (86%) said that business transformation is necessary for continued success, many are struggling with it. The study reveals that one in five respondents felt that their attempts at transformation had failed; and three in five …

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