If the future is not occupying senior managers, what is? Restructuring and reengineering. While both are legitimate and important tasks, they have more to do with shoring up today’s businesses than with building tomorrow’s industries. Any company that is a bystander on the road to the future will watch its structure, values, and skills become progressively less attuned to industry realities. Such a discrepancy between the pace of industrial change and the pace of company change gives rise to the need for organizational transformation.