Transformation is necessitated by the changing business environment in which an enterprise operates. New technologies, ecosystems, and continuous re-balancing of market forces means that enterprises must continuously adapt to the ever-changing business environment. That means re-looking at organizational ways of working, strengths, weaknesses to make necessary changes to stay relevant and grow in the future.
Transformation for me is any activity or initiative which is undertaken at an enterprise to realign itself with current and future market demands.