The world is moving at an increasingly fast pace. Business cycles are being compressed by an increasingly global economy and networked world. As the pace of external dynamics accelerates, the need for business to respond quickly also accelerates. The key forces driving change from a business perspective were identified by Hitachi Consulting by analyzing a multitude of studies from organizations like Gartner, among others. The seven forces listed are not equally felt across all enterprises, but most organizations are responding to at least three of the key forces. Overall, the biggest challenge for most enterprises is knowing how to respond to rapid change and aligning all the enterprise's resources to respond in a world with shortened business cycles.
Integrating the Transformation of Business and IT
John Mahoney, Ellen Kitzis May 2009
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