Strategic change and transformation are words used very commonly in business parlance but rarely defined. Besides, change and transformations are often used interchangeably. Thus the correct perspective of viewing change and transformations is missing from management literature. How is change different from transformation? Do all changes lead to renewal? What are the characteristics of strategic changes?
This re-addresses some of our current assumptions and understanding of change and transformation when viewed through both academic and business lenses. It is a balanced and well-rounded perspective on how strategic change and transformation can be brought about successfully in organizations specifically with the perspective from an emerging economy like India.
Table of Contents
1. Introduction to Strategic Change and Transformation, 2. Strategic Renewal in Organizations, 3. Building Ambidexterity in Organizations, 4. Dynamic Capabilities and Renewal, 5. Achieving Successful Strategic Transformation, 6. Cases of Companies Undergoing Transformation
Swarup Kumar Dutta is an Assistant Professor in the Strategic Management Area at Indian Institute of Management, Ranchi, India.