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Integral Calculus for Business Record
Journal of Management Excellence: Business Transformation Updated - March 2011

An Oracle Publication Updated - March 2011

Journal of Management Excellence: Business Transformation

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Journal of Management Excellence: Business Transformation Updated - March 2011

Letter from the Editor
Slowly but surely we are expanding the scope of the Journal of Management Excellence. In this issue, we discuss “business transformation”. Business transformation has many different facets, and we discuss a number of them. Thomas Oestreich looks at the perspective of the CIO, and how IT needs to grow from a supporting function in the value chain to a force that drives innovation at the core of the business. Kevin Narain, managing partner at European consulting firm INEUM, discusses finance transformation in an excellent article called "Learning the Ropes". If Toby Hatch there is one thing we (should have) learned from the current Senior Principal, Performance economic situation, it is that risk and performance management Management Applications should be transformed to be more integrated, and Brian Gregory toby.hatch@oracle.com describes how to do that. Kathy Horton describes cultural transformation, using two case studies. Dr. Bill Stratton, of Dixie State College of Utah, and the Business Research and Analysis Group take a wider approach and expand the idea of business transformation using the value chain. Jim Gurowka, of the Institute of Management Accountants, introduces the idea of a Performance Architecture. Sandeep Banerjie describes the relationship between eliminating IT complexity and business transformation. And as always, Mark Conway provides some interesting points for further reading. It seems to me, looking at all the articles, that business transformation itself has transformed over the years; gone are the days of reengineering the complete business in a big bang project style. Business transformation today is more often a series of smaller steps,

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