Key Practices for Transformational Success

The research identified seven common practices among the highest performing companies across healthcare, consumer banking, and consumer packaged goods that facilitate continuous transformation. These practices are critical due to the increasing emphasis from CEOs on transformation over execution amidst volatile business conditions driven by technological advances and economic shifts. For instance, companies that prioritize organizational design and accountability create structures that support both efficient operations and adaptability. By integrating these practices, businesses can build what is described as a 'transformation muscle' that enhances their ability to evolve.