Executives on Transformations
David Michels asks Masashi Oka, former CEO of Sony Financial Group, how to recognize when an organization needs a major transformation and how to then manage it.
Masashi Oka, former CEO of Sony Financial Group, former CFO of Nikon, and board member of NEC, shares the lessons he has learned from leading multiple large-scale transformations with David Michels, managing partner of Bain’s Tokyo office and an expert in organizational change. Oka discusses how to evaluate whether a transformation effort is worth undertaking, how to inspire a leadership team to embrace change, and the critical role of communication.
Business transformations are about continuously reshaping an organization. When they work, they enhance performance, increase efficiency, and create a competitive advantage.