Boards and transformation initiatives: Strategy is just the beginning
The report discusses how company transformation initiatives take many forms and can include a variety of efforts related to mergers and acquisitions, restructuring, divestitures, and workforce redesigns. While these project categories have differing goals and time spans, they can affect large swaths of a company’s operations and result in organization-wide change. Regardless of form, the board plays a critical role throughout the life cycle of any transformation initiative, from setting strategy, to monitoring execution, and finally to evaluating results.