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Digital transformation — Lessons for companies with traditional operating models
Digital Transformation has been heralded as a key enabler for the improvement of many aspects of our daily lives, and this has led to the creation of new firms with innovative operating models that help facilitate such process. But are there any lessons for companies with more traditional operating models?
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The companies that adopt more traditional operating models need to pay attention to the below-mentioned challenges and barriers which may put at risk their digital transformation.
Operating model & Infrastructure
Engwall et al. (2021) highlight the importance for companies to innovate their business models to achieve sustainable transitions, and an effective way to accomplish that is through the introduction of interorganizational collaboration and network level experimentation.
In addition, they need to avoid adopting inflexible technologies that will raise cost issues and won’t favor collaboration, and they also must introduce the appropriate measurement policies to evaluate their transition roadmap according to specific Key Performance Indicators (KPIs) that will regularly be re-evaluated.
