Tags: #moc
Digital transformation in the context of rapid change
- Change happens gradually, then suddenly.
- Change is disorienting because it is constant
- Established organizations tend to optimize for inertia
Ecosystems and digital transformation
Innovation and transformation
- Corporate innovation means discovering sustainable new business models
- De-risk innovation by making smaller bets
- Innovation is management as much as it is creativity
- Leading innovation requires providing a vision and facilitating its execution
- Integrate innovation functions with the broader organization
- Work backwards from a long-term vision of the future to define proximate objectives
Digital vs traditional business models
- Digital transformation requires fundamentally revising the business model
- Digital businesses are evaluated across industries
Barriers to effective transformation
- Organizations have become primarily focused on short-term results
- Organizations should align around a clear strategic focus
- Organizations that depend on tolerability are ripe for disruption.
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