Ninety-three percent of U.S.-based multinational companies have completed a business transformation or are interested in the process of doing so, according to a KPMG survey of more than 900 senior executives and asset managers. This near ubiquity of business transformation is due to the confluence of several important triggers, including a tipping point in globalization, a major showdown in Western economies and significant shifts in technology and energy costs.
The current dynamic regulatory environment is also a very important trigger of transformation. Depending on the industry sector, the regulatory environment can be a partial or dominant trigger for transformation.
This KPMG survey report shows how regulatory compliance, though a necessity spearheaded by external factors, in an opportunity to transform and raise a company to a new level of competitive advantage.