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We are at the beginning of a new era in which traditional industries are transforming the ways they act and operate significantly. Many firms are starting to move towards a customer-centric organization, to think about new business models or to think about the digitalization of the economy and what this could mean for their business.
Even though the need to change is obvious and the willingness to succeed is evident, many transformations still fail. Looking at emerging technologies such as the digitalization, we can even draw a more pessimistic picture. Nearly 70% of all companies do not have a clear strategy on how to integrate digitalization with the elements of their business.
For the future, we need to think of transformation in a systematic and a highly integrated way. Consistency in strategy and design will be as important as specific and complementary leadership styles and governance.
Via Kenneth Mikkelsen
An interesting publication - 360° Business Transformation Journal - by SAP and The University of Applied Sciences and Arts Northwestern Switzerland.
The magazine contains two particularly interesting articles about business model innovation (page 6-15) and business transformation management (page 16-27).
Key Learnings (Business Model Innovation):
Key Learnings (Business Transformation Management):