Management101

Key Learnings (Business Transformation Management):

1. New technologies and market demands initiate tremendous need for transformation in organizational and process dimensions and question existing structures of power in companies. Existing management practices and the management itself will be the objective of transformation.
2. In order to master transformation, integrated approaches are needed to focus simultaneously on the strategy and new design of a future organization when initiating and orchestrating the change.
3. In order to achieve the desired results by changing patterns of an organization, consistency in strategic and structural dimension is the major design principle.
4. A comprehensive approach to leadership style to fit with the objectives and situations in transformations is needed.
5. Charismatic and instrumental leadership styles have to be used at the same time and management behavior has to switch between collaborative and coercive depending on the specific situation, as these styles and behavior are in fact complementary. Leaders thus have to go beyond personal value preferences when selecting an organizational change strategy and reject the idea of a universally applicable leadership style in transformations.
6. A comprehensive governance structure is needed to insure for information flow and feedback within the structures and roles and finally steer the overall transformation.