Seven steps to a better, more efficient business transformation

Retailers must align their board and executive teams to ensure a successful transformation: Unsplash
Most businesses will need to transform to remain profitable. The challenges they face include a variety of forces, such as the rapid take up of artificial intelligence, geopolitical disruption of supply chains, upward pressure on interest rates and employment costs from inflation, and technological changes inspiring new business models – the need for change is obvious. What’s less obvious is a common definition of what transformation means, and how companies should best align their directors

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