Digital transformation is utmost on the minds of several business leaders now. Suites of technologies are competing to be central to this altered corporate strategy. However, experiments have confirmed that more than the technology, it is the company culture that will be crucial. A digital culture is also good for the employees, as it empowers the stakeholders to drive quicker results. It helps in talent recruitment and retention. Those that ignore risk, end up risking the entire transformation strategy. To execute such strategy, companies need to explore external factors, and not just look inside. Delegation has to be prized over control freakishness. Similarly, more than caution, boldness must take over. Team collaboration will always yield the better results over mere individualistic effort. Beyond planning, the team leadership has to be more actionable.

Source:https://www.bcg.com/digital-bcg/how-to-drive-digital-transformation.aspx

Uploaded Date:20 July 2019