Editing Business transformation (section)

==When business transformation is used==
The need for business transformation may be caused by external changes in the market such as an organisation's products or services being out of date, funding or income streams being changed, new regulations coming into force or market competition becoming more intense. This management approach may also incorporate [[business process reengineering]] (BPR).<ref>[http://www.mckinseyquarterly.com/What_successful_transformations_share_McKinsey_Global_Survey_results_2550 McKinsey Survey] {{Webarchive|url=https://web.archive.org/web/20111229092537/http://www.mckinseyquarterly.com/What_successful_transformations_share_McKinsey_Global_Survey_results_2550 |date=2011-12-29 }} 2010</ref> However application of BPR does not of itself constitute a business transformation, the outcome should be the deciding factor as to whether any activity is truly transformational or simply improvement. Other methods like [[Lean_thinking|Lean]] or [[Six Sigma]] are rooted in incremental improvement rather than paradigm shifts in the way things are done:
* To increase [[revenue]] or [[market share]]
* To improve [[customer satisfaction]]
* To [[cost-cutting|cut costs]]