The essence 
of business transformation and strategy
Mignon du Preez Group Marketing Public Affairs and Sustainability Executive Old Mutual Namibia

The essence of business transformation and strategy

Corporate transformation and strategy are more than simple buzzwords in the rapidly evolving corporate world - they are essential to long-term success. In addition to keeping up, those who understand the value of strategic planning and transformation also lead with an unwavering vision for greatness.

Business transformation is a significant movement that fundamentally alters the way organisations operate, going beyond simple adjustment. In a world where flexibility is essential, companies that embrace change gain an advantage. It involves re-evaluating procedures, making intelligent use of technology, and cultivating an innovative culture.

Corporate leaders are aware that this is a continuous process rather than a one-time event. It entails keeping abreast with emerging technologies, consumer demands and market trends. By using this strategy, organisations may react swiftly to problems and establish a solid, progressive base.

The compass that helps companies navigate the intricacies of the market is strategic planning. It entails establishing precise objectives, assessing available resources and organising the path to success. A well-planned strategy is more than simply a road map; it's a dynamic instrument that minimises risks, makes sure resources are used effectively and matches the organisation's strengths with possibilities.

In the field of strategy, leaders anticipate events and think ahead like chess players do. Being able to think strategically is more than just a skill; it's an organisational mind-set. It's about developing a culture in which every choice made - from the top down to the front lines - advances the primary strategic objectives.

Combining corporate change with a strong strategic framework is where the real magic happens. Strategy without transformation can result in stagnation, and transformation without strategy can be chaotic. When combined, they advance the organisation via creativity, effectiveness and adaptability.

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Currie Cup: Airlink Pumas 14 vs 41 Toyota Cheetahs XV | Fidelity ADT Lions 62 vs 5 NovaVit Griffons | Suzuki Griquas 37 vs 29 DHL Western Province Rugby Championship: Argentina 67 vs 27 Australia | Springboks 18 vs 12 New Zealand | Katima Mulilo: 18° | 38° Rundu: 15° | 38° Eenhana: 15° | 38° Oshakati: 16° | 34° Ruacana: 16° | 34° Tsumeb: 19° | 33° Otjiwarongo: 14° | 32° Omaruru: 14° | 32° Windhoek: 13° | 29° Gobabis: 11° | 31° Henties Bay: 9° | 15° Wind speed: 20km/h, Wind direction: S, Low tide: 07:19, High tide: 13:46, Low Tide: 19:48, High tide: 02:00 Swakopmund: 11° | 12° Wind speed: 23km/h, Wind direction: SW, Low tide: 07:17, High tide: 13:44, Low Tide: 19:46, High tide: 02:00 Walvis Bay: 10° | 17° Wind speed: 28km/h, Wind direction: SW, Low tide: 07:17, High tide: 13:43, Low Tide: 19:46, High tide: 02:00 Rehoboth: 9° | 30° Mariental: 9° | 27° Keetmanshoop: 8° | 23° Aranos: 8° | 29° Lüderitz: 9° | 29° Ariamsvlei: 6° | 22° Oranjemund: 9° | 26° Luanda: 21° | 22° Gaborone: 16° | 32° Lubumbashi: 18° | 36° Mbabane: 9° | 15° Maseru: 2° | 22° Antananarivo: 12° | 29° Lilongwe: 20° | 31° Maputo: 16° | 22° Windhoek: 13° | 29° Cape Town: 10° | 18° Durban: 13° | 15° Johannesburg: 14° | 27° Dar es Salaam: 23° | 30° Lusaka: 21° | 34° Harare: 17° | 30° | Currency: GBP to NAD 23.39 | EUR to NAD 19.77 | CNY to NAD 2.52 | USD to NAD 17.85 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.67 | ZWL to NAD 0.04 | BRL to NAD 3.18 | RUB to NAD 0.2 | INR to NAD 0.21 | USD to DZD 131.86 | USD to AOA 920.38 | USD to BWP 13.26 | USD to EGP 48.39 | USD to KES 128.23 | USD to NGN 1620.02 | USD to ZAR 17.85 | USD to ZMW 26.3 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1770.56 Down -1.47% | Casablanca Stock Exchange (CSE) MASI 13911.35 Up +0.04% | Egyptian Exchange (EGX) 30 Index 31029.7 Up +0.10% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 497.56/OZ DOWN -0.0079 | Copper US$ 4.04/lb DOWN -0.0194 | Zinc US$ 2 721.80/T DOWN -0.3% | Brent Crude Oil US$ 72.03/BBP DOWN -0.0187 | Platinum US$ 919.13/OZ DOWN -0.007 | Sport results: Currie Cup: Airlink Pumas 14 vs 41 Toyota Cheetahs XV | Fidelity ADT Lions 62 vs 5 NovaVit Griffons | Suzuki Griquas 37 vs 29 DHL Western Province Rugby Championship: Argentina 67 vs 27 Australia | Springboks 18 vs 12 New Zealand Weather: Katima Mulilo: 18° | 38° Rundu: 15° | 38° Eenhana: 15° | 38° Oshakati: 16° | 34° Ruacana: 16° | 34° Tsumeb: 19° | 33° Otjiwarongo: 14° | 32° Omaruru: 14° | 32° Windhoek: 13° | 29° Gobabis: 11° | 31° Henties Bay: 9° | 15° Wind speed: 20km/h, Wind direction: S, Low tide: 07:19, High tide: 13:46, Low Tide: 19:48, High tide: 02:00 Swakopmund: 11° | 12° Wind speed: 23km/h, Wind direction: SW, Low tide: 07:17, High tide: 13:44, Low Tide: 19:46, High tide: 02:00 Walvis Bay: 10° | 17° Wind speed: 28km/h, Wind direction: SW, Low tide: 07:17, High tide: 13:43, Low Tide: 19:46, High tide: 02:00 Rehoboth: 9° | 30° Mariental: 9° | 27° Keetmanshoop: 8° | 23° Aranos: 8° | 29° Lüderitz: 9° | 29° Ariamsvlei: 6° | 22° Oranjemund: 9° | 26° Luanda: 21° | 22° Gaborone: 16° | 32° Lubumbashi: 18° | 36° Mbabane: 9° | 15° Maseru: 2° | 22° Antananarivo: 12° | 29° Lilongwe: 20° | 31° Maputo: 16° | 22° Windhoek: 13° | 29° Cape Town: 10° | 18° Durban: 13° | 15° Johannesburg: 14° | 27° Dar es Salaam: 23° | 30° Lusaka: 21° | 34° Harare: 17° | 30° Economic Indicators: Currency: GBP to NAD 23.39 | EUR to NAD 19.77 | CNY to NAD 2.52 | USD to NAD 17.85 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.67 | ZWL to NAD 0.04 | BRL to NAD 3.18 | RUB to NAD 0.2 | INR to NAD 0.21 | USD to DZD 131.86 | USD to AOA 920.38 | USD to BWP 13.26 | USD to EGP 48.39 | USD to KES 128.23 | USD to NGN 1620.02 | USD to ZAR 17.85 | USD to ZMW 26.3 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1770.56 Down -1.47% | Casablanca Stock Exchange (CSE) MASI 13911.35 Up +0.04% | Egyptian Exchange (EGX) 30 Index 31029.7 Up +0.10% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 497.56/OZ DOWN -0.0079 | Copper US$ 4.04/lb DOWN -0.0194 | Zinc US$ 2 721.80/T DOWN -0.3% | Brent Crude Oil US$ 72.03/BBP DOWN -0.0187 | Platinum US$ 919.13/OZ DOWN -0.007 |