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Abdulla Alawadi, General Manager of Strategy and Change Management at Kuwait International Bank, is redefining organizational transformation with ESSAM.AI.

A strategy map is a very useful tool to succinctly explain your business strategy.

Transformation is vital, even for successful companies. BCG’s transformation team partners with clients to unlock full potential, boost performance, and drive sustainable value creation.

Global business inefficiencies cost organizations 20–30% of annual revenue, exceeding $3 trillion yearly. Causes include manual workflows, siloed operations, and human error, creating a massive challenge for companies worldwide.

Digitization impacts nearly every part of modern organizations, making it challenging to capture its full benefits. Leading companies succeed by focusing on the most critical aspects of digital transformation, ensuring they maximize value and stay competitive in a rapidly evolving business environment.

Digital transformation requires a clear framework to succeed. McKinsey’s Six Building Blocks model simplifies this by dividing the journey into six essential components. Each block addresses a critical capability, ensuring organizations build a comprehensive, balanced strategy for becoming fully digital enterprises without overlooking key elements.

Continuous improvement is an ongoing effort to improve all elements of an organization. It rests on the belief that a steady stream of improvements, diligently executed, will have transformational results.

Companies that fail to evolve risk falling behind. McKinsey finds organizations applying lean and continuous improvement strategies can boost productivity and reduce operational costs by 20–30%, depending on industry and context, highlighting the importance of ongoing efficiency and adaptation for long-term competitiveness.