The State of Business Transformation

Wave 4 draws on insights from over 1,200 professionals, contributing to 5,000+ responses across the Four Currents research series.

A consistent pattern emerges: when confidence and alignment weaken, belief in transformation value erodes, long before performance visibly declines. This is not resistance. It is drift.

What You'll Explore in Wave 4

• Where confidence thins first, and why it matters more than leaders expect

• How belief in ROI influences momentum long before results are visible

• The time horizons shaping patience, urgency, and commitment

• Where conviction holds, and where uncertainty quietly accumulates

• How AI ambition compares to day-to-day reality

Inside the Report

• The role of confidence and alignment in sustaining transformation

• The growing influence of the Movable Middle

• How value is understood, questioned, and acted upon

• Signals leaders rarely see until momentum slows