2 Keys to Success in Digital Transformation
Digital equals speed and agility
It’s perhaps the most frequently cited IT trend and buzzword of the past two decades. What most managers, leaders, and teams are struggling with is not what digital is, but how to do it.
Being digital is about speed and agility, not just for your customer but in how you get work done and collaborate as an organization.
Agile Management: The Good, The Bad, and the Downright Ugly | Data Driven Investor
Companies are constantly reinventing themselves to gain or maintain competitive advantage and market share. This is…
To win in digital, make everything faster and more agile. Both inside (your organization) and outside (customer and market), you need to deliver and get things done with shorter time frames, and you need to be able to adapt, react more agilely.
Speed — Move fast or die faster…
Technological change is accelerating. The adoption of smartphones in the US is on track for reaching 90% of the available audience by August 2016. This is a mere eight years after smartphones reached 10% penetration¹.
With the world moving so much faster these days, all businesses have to greatly increase their performances just to stay in place against the competition and go even faster if they’re to keep up with customer expectations. Everything having to do with the customer needs to be done at the speed that the customer requires.
One of the reasons small organizations can move so much faster than other companies is the speed at which they make decisions². How to do?
- Know what kind of decision you’re trying to make.
- 70 percent of the information is usually enough.
- Disagree and commit
- Quickly escalate deep disagreements.
Agility — The ability to make change happen…
Innovation in your business is driven by agility — the ability to make both big and small change happen to create a competitive advantage.
Finland’s Nokia, once the world’s largest mobile phone maker, has seen its smartphone business go up in smoke as well.
If the organization is slow to adapt to market changes, keeps applying old solutions to new problems unsuccessfully, and there are leaders who are slow to adopt new ideas, the death is coming.
To agility, your organization must become focused and flexible.
 Horace Dediu. Seeing what’s next.
 Jessica Stillman. Here’s How Amazon’s Jeff Bezos Makes Great Decisions, Super Fast.