The purpose of a strategy should be to improve business performance. When we use digital tools to enhance the performance of a business, we can describe that as a digital transformation strategy. You transform your business with the help of digital technologies. We...
Digitalization helps business growth. All businesses, including technology companies, need to reinvent and reimagine themselves periodically. However, the process and pace of reinvention and reimagining are dictated by the market and internal to the company...
Digitalization is a business imperative. Technology is today an integral part of modern society. Don’t many of us feel a bit lost without our mobile phones? Remember Kodak, the photo company and the classic case of its demise. Sam Walton realized early in...
Silos develop in organizations. Public and private organizations require teams to perform individual, often specialized tasks with expertise and efficiency. Organizations are therefore divided into units. Each unit has a hierarchy with a leader responsible for...
Transformation projects can be complex and challenging, and many can fail for various reasons. Some of the major reasons for the failure of business transformation projects include the following: Lack of clear goals and objectives: A lack of clear, well-defined goals...
