All CEO's and Digital Officers should benchmark digitisation strategy and plans against these.
- Digitisation requires an unbiased understanding of the external environment
- Digitisation may require a reformulation of the of the enterprises's mission
- The meaning and impact of digitisation to the firm must be clearly stated
- Digital capabilities and understanding are required across the firm
- Digitisation must be supported by the firm's corporate culture
- Digitisation requires a greater level of collaboration
- Digitisation requires greater engagement with the public
- Business strategy in the digital age becomes a continuous process
- Decision making in the digital age is increasingly data driven
- Digitisation requires firms to enter uncharted territories
- Digitisation is about continuous management of change
The digital revolution, like every revolution, can be viewed either as a catastrophe or as a world of opportunity – depending on whether your allegiances lie with the old order or the new. Optimism is a prerequisite for survival. Digital will undoubtedly force boards and executives to attain unprecedented levels of innovation, competence, effectiveness, leadership and responsibility – with fundamentally positive results for both firms and society.
It is unlikely that familiar forms of organisational leadership will survive the digital revolution. In order for boards and executives to fulfil their roles effectively in the future, a reshaping, if not a disruption, of these functions is necessary.
Follow the link below to read how to apply these leadership guidelines
Ten years ago, when we would ask senior executives or company directors what “digital” meant to them, their response would usually be something related to social media. Today, it might be apps, Big Data, 3D printing, “the cloud” or another current example of digital technology. All such answers are equally correct – and equally in error. More important than the specific innovations introduced by the digital revolution is their earth-shaking cumulative impact on business and on organisations. There is no border anymore between the pre- and post-digital worlds. Digital is business and business is digital.