Shift management

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The need to transform the business may be through external changes in the market such as products or services being outdated, financing or sources of income for the organization being changed, new regulations coming into effect, or competition in the market becoming more intense. This approach to management also includes the re-engineering of administrative processes, and is widely used.

Business transformation is achieved by one or more of the following:

Reorganizing the work of employees, how the organization is built, the core products or service portfolio of the business and how technology is used. It is usually carried out through many stages in a transformation. Recognizing the need for change and obtaining consensus among stakeholders that change is necessary constitutes the most important element of the success of change. However, the objectives of change must be defined and a vision that describes a better future. Understanding what the organization is, usually takes place in waves. , usually over a period of several years so that the organization can move to what it was and achieve the desired benefits. Transforming a business can lead to the development of its capabilities and better utilization of existing competencies.