WHY IT MATTERS: Digital Transformation
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WHY IT MATTERS: Digital Transformation
Going digital in your business? I select the best posts and highlight the reasons why it matters. Like it? Click "recommend" + register to get the digest in your inbox: http://fmcs.digital/newsletter-signup/
Curated by Farid Mheir
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How to leverage #BusinessArchitecture approach to support business innovation and #digitalTransformation HT @daniellambert07 ‏

How to leverage #BusinessArchitecture approach to support business innovation and #digitalTransformation HT @daniellambert07 ‏ | WHY IT MATTERS: Digital Transformation | Scoop.it

 Through a financial service example, this article will show how Business Model Canvas, Customer Journey Mapping, Customer Value Mapping, Value Streams mapped for each customer segment or persona where each Value Stream is linked to its enabling Business Capabilities can assist organizations in facing their business transformation to deliver a more customer driven enterprise.

Farid Mheir's insight:

WHY IT MATTERS: a great article that shows how to use business architecture methodology and deliverables to support business innovation and digital transformation.

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Industries are less than 40% #digital & #disruptive strategies return the most benefits says @McKinsey

Industries are less than 40% #digital & #disruptive strategies return the most benefits says @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it
Digital technology, despite its seeming ubiquity, has only begun to penetrate industries. As it continues its advance, the implications for revenues, profits, and opportunities will be dramatic.
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WHY THIS IS IMPORTANT

Updated number from McKinsey show agin that digital transformation has room to grow but that companies that embrace it see positive impact on both EBIT and revenue. So why are not more doing it? The answers: humans.

Digital transformation is difficult to do because there is no fail-proof recipe to follow. It requires trial-and-error and investments that may, at times, have to shift from traditional to digital (for example moving $ from TV ads to Facebook ads), requiring some executives to feel they are loosing power in favour of others. Because in the end there are humans behind those decisions and one has to make sure they all see benefits for them of the digital transformation.

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Learn at the speed of business & grow fast or die slow @McKinsey

Learn at the speed of business & grow fast or die slow @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it
What digital means for the next generation of corporate academies.

Via Cambridge Marketing College
Farid Mheir's insight:

McKinsey has indeed started to focus recently on the digital enterprise and the new ways of doing business it brings. This paper is valuable as it says digital really transforms the business, not just provides a technology solution for a specific problem.

 

Moreover, a whole series on "grow fast or die slow" explores how businesses can learn from digital corporations and digital startups, to change the way they do business. Must read.

 

http://www.mckinsey.com/industries/high-tech/our-insights/grow-fast 

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Blitzscaling: a #mustRead to understand how digital disruptors grow fast

Blitzscaling: a #mustRead to understand how digital disruptors grow fast | WHY IT MATTERS: Digital Transformation | Scoop.it
Blitzscaling is what you do when you need to grow really, really quickly. It’s the science and art of rapidly building out a company to serve a large and usually global market, with the goal of becoming the first mover at scale.

This is high-impact entrepreneurship. These kinds of companies always create a lot of the jobs and industries of the future.
Farid Mheir's insight:

Amazing description of blitzscaling, an approach that is used by digital transformation startups to grow extremely quickly. This is must-read for any entrepreneur. It is even more so for executives in traditional organizations because this is the recipe book their disruptors will be reading - from uber to airbnb. Amazing read.

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Jack Licata's curator insight, March 29, 2016 8:14 AM

Amazing description of blitzscaling, an approach that is used by digital transformation startups to grow extremely quickly. This is must-read for any entrepreneur. It is even more so for executives in traditional organizations because this is the recipe book their disruptors will be reading - from uber to airbnb. Amazing read.

Craig Broadbent's curator insight, March 29, 2016 8:16 PM

Amazing description of blitzscaling, an approach that is used by digital transformation startups to grow extremely quickly. This is must-read for any entrepreneur. It is even more so for executives in traditional organizations because this is the recipe book their disruptors will be reading - from uber to airbnb. Amazing read.

Olubunmi Akinyemi's curator insight, March 30, 2016 3:37 AM

Amazing description of blitzscaling, an approach that is used by digital transformation startups to grow extremely quickly. This is must-read for any entrepreneur. It is even more so for executives in traditional organizations because this is the recipe book their disruptors will be reading - from uber to airbnb. Amazing read.

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holoportation: future of videoconferencing using #augmentedReality

holoportation is a new type of 3D capture technology that allows high quality 3D models of people to be reconstructed, compressed, and transmitted anywher
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Amazing video presentation of what future video conferencing may feel like with augmented reality.

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John Dilworth's curator insight, April 3, 2016 4:06 PM

Amazing video presentation of what future video conferencing may feel like with augmented reality.

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Starting a company? Use The Culture Map to design a great company culture

Starting a company? Use The Culture Map to design a great company culture | WHY IT MATTERS: Digital Transformation | Scoop.it

If I asked you: what’s the one thing you’ll do differently tomorrow to make your organization a better place to work, where would you start? How would you design, communicate and implement an organizational culture that employees actually embrace? In this post I introduce The Culture Map, a new tool that focuses on employee development and aids in building better performing companies.

Farid Mheir's insight:

I've been using the business model canvas and the value proposition design for a while now and wrote about them previously: http://sco.lt/5S3DRh

 

Looks like Strategyzer have come up with another great little tool to put in your business modeling toolbox. USe it, it seems simple enough!

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Pearl Nguyen's curator insight, March 17, 2016 1:46 PM

I've been using the business model canvas and the value proposition design for a while now and wrote about them previously: http://sco.lt/5S3DRh

 

Looks like Strategyzer have come up with another great little tool to put in your business modeling toolbox. USe it, it seems simple enough!

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Business model canvas and value proposition design are #Essential tools @Strategyzer

Business model canvas and value proposition design are #Essential tools @Strategyzer | WHY IT MATTERS: Digital Transformation | Scoop.it
  • Learn how to build business models that work, and value propositions that sell

  • Work on Business Model and Value Proposition Canvases in our app

  • Attend an in-person masterclass

  • Read our books and take your business skills to the next level

Farid Mheir's insight:

I wrote about this in the past with different reviews of the nespresso business model http://www.scoop.it/t/digital-transformation-of-businesses?q=nespresso


I've never highlighted the strategyzer business model generator and the value proposition design solutions and tools and that is a shame. I believe it to be an essential knowledge for digital transformation.


Very often we must think outside the box and contemplate changing our fundamental business model when looking in the depth of a digital transformation - think how these new companies have revolutionized their industry model : Uber, airbnb, amazon, spotify, or nespresso.


Strategyzer is the company behind 2 approaches that you must absolutely master. Go through the site and first buy the books to get started. Or listen to this video presentation that describes how to present the business model canvas:

https://www.youtube.com/watch?v=SliMK6Z2jlA

https://gallery.mailchimp.com/a03a2a576ad72cd8546455984/files/Ways_To_Present_The_BMC_Strategyzer_Webinar4.pdf


Then watch all the other video webinars. Have a great Sunday morning!

https://www.youtube.com/user/businessmodeltv

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Chief Digital Officer: Fad or Future? @forrester presents digital ecosystem diagram nicely via @jeanfdeschenes

Chief Digital Officer: Fad or Future? @forrester presents digital ecosystem diagram nicely via @jeanfdeschenes | WHY IT MATTERS: Digital Transformation | Scoop.it
Over the past nine months I’ve been interviewing chief digital officers and senior digital leaders across a variety of industries to gain insight into the emerging role of digital leadership.
Farid Mheir's insight:

Interesting diagram that shows all the business capabilities that are affected by the digital world.

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VOS ANIMATEURS >'s curator insight, November 22, 2013 2:09 PM

Lecture essentielle pour comprendre quel est le rôle du numérique et quel peut en être l'impact dans les entreprises!

Curated by Farid Mheir
Digital technology consultant. Register to my free email newsletter: http://fmcs.digital/newsletter-signup/