Skip to main content

Posts

Showing posts with the label digital business

Digital Transformation: Leading a Learning Organization

Forward-thinking CEOs ensure that their organization has access to the latest digital business technologies. But in today’s global networked economy, that’s not enough. If you believe that digital transformation knowledge is power, then fully mastering the ability to apply your IT capabilities into actionable wisdom is infinitely more potent. The Harvard Business Review ( HBR ) market research team recently completed a global study of the path that several organizations have taken to develop and deliver the digital learning support resources that their key internal stakeholders both need and want. In a prior editorial , I described how Digital Leaders are better prepared to cross the skills chasm. In this follow-on editorial, I’ll share the typical roadblocks on the path to digital transformation progress. Plus, I’ll also share some useful recommendations. Enabling Ongoing Digital Knowledge Transfer According to the HBR study findings, the biggest barrier to learning about new ...

Digital Transformation: Crossing the Skills Chasm

Most informed CEOs seem to know intuitively that the most qualified person to lead their forward-looking business technology advancement isn’t likely to have the profile of a typical legacy CIO. In contrast, the role of a Digital Business Transformation innovator has very different requirements to the traditional IT utility infrastructure custodian of the past. That said, some progressive CIOs are already making the transition to lead the digital competitiveness quest, and others will surely follow. Moreover, a few multinational companies currently have a CIO in a highly strategic, visible and collaborative position within the company. Their challenge is to guide the rest of the organization’s leadership to attain the required skills that will enable them to actively participate in the planning and execution of a new strategy – empowered by digital technologies. The Harvard Business Review (HBR) market research team recently completed a global study of the path that several organi...

Innovation Accelerators Lead Business Transformation

More CEOs are setting bold IT innovation goals for their company. Meanwhile, CIOs are tasked to quickly build the required business technology infrastructure. What’s the primary motivation? The growing expectation that all leading organizations will achieve their key strategic business objectives via superior IT-enabled advancements. In fact, a recent study found that 55 percent of survey respondents said their environment will be changed ‘significantly’ -- 20 percent actually said it will be ‘completely transformed.’ Such major transformations can lead to significant competitive advantages, as long as the IT goals are clearly articulated, according to the findings from a Harvard Business Review (HBR) market study and associated report that was sponsored by Red Hat, Inc. The apparent benefits extend beyond the traditional commercial enterprise. For example, a $650 million innovation project at a large State Government agency is returning $4.7 billion in additional tax revenue – tha...

Strategic Leadership in the Digital Business Economy

Most forward-looking CEOs have already made their move to prepare for the future that they foresee – where business technology is a key deciding factor for them to attain ongoing commercial prosperity. This new digital-propelled environment will profoundly change business processes, along with the need for accelerated tech-savvy human capital development across all industries. Those leaders that catch the next wave of Internet-driven market development will reap the rewards of the expanding Global Networked Economy. They’ll achieve a quantum boost in performance. And they’ll reach their lofty goals by harnessing the unique competitive advantages of cloud computing services , mobile enterprise applications and other targeted business technology investments. Welcome to the Internet of Everything Worldwide IT spending is forecast to surpass $3.9 trillion in 2015 – that’s a 3.9 percent increase from 2014. Business technology spending will be driven by Digital Business practitioners, ...