Continuous optimization and change are essential for sustained success in business. Therefore, in collaboration with Forbes, Oracle asked 534 executives from large, global companies how well their organizations are prepared for these processes of change.
Almost 48% of respondents said their organization was not very well equipped or not at all equipped to carry out such processes of transformation – even though 86% were aware that their company needs to constantly develop in order to remain competitive. One in five respondents reported failed transformation attempts, while three in five have not yet made any attempts. 41% cited inefficient implementation as the reason for this, while 35% considered resource and budget shortages to be the cause.
The English-language study “Making the Change: Planning, Executing and Measuring a Successful Business Transformation” is free to download as a PDF from Oracle.