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  "documentTitle": "Transformation Ebook",
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      "text": "BCG research shows that 85% of companies that have undertaken transformations over the past decade have pursued more than one type, with the most common being organizational, operational, and rapid financial improvements.",
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      "text": "In addition, companies are increasingly transforming to meet the needs of other stakeholders, including their own employees, society, and the environment.",
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      "text": "Exhibit 5 lists some of the more common transformation types and the initiatives that they comprise. These are not mutually exclusive, and companies may combine or alter them depending on their specific situation and objectives.",
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      "text": "In addition to financial and strategic performance, companies can determine their starting point by looking at organizational factors. Does the enterprise have the leadership, people, and capabilities in place to deliver and sustain performance?",
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      "text": "Regardless of where a company starts, it should have clear goals in mind. Many leaders still believe that transformations are primarily about cutting costs. While cost reduction is usually a critical component of transformation, given the wide range of starting points and goals, many types of transformation go well beyond cost reduction.",
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      "text": "Another outdated view of transformation is that companies can successfully launch them in a “one off” manner: putting up temporary scaffolding around one aspect of the enterprise, executing the transformation, and then returning to business as usual. Not so.",
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      "text": "BCG research shows that 85% of companies that have undertaken transformations over the past decade have pursued more than one type, with the most common being organizational, operational, and rapid financial improvements. (See Exhibit 6.)",
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