A CEO’s strategic approach to Digital Transformation
Coming up with an endorsed digital business strategy
CEOs, as the face of a company, have to identify the potential threats and challenges associated with digital transformation. Digital transformation is a long-haul and things can go wrong at any point of time. Developing a vision and applying a strategic approach is critical to ensure transformation success.
Over aggression/passive actions, both will hurt your overall digital transformation process. As the CEO of a company, it is a must to focus on actions that will not only improve your company’s growth but also will ensure a robust culture.
A CEO has to ensure the entire program is implemented seamlessly to avoid internal conflicts and productivity loss. As it is a long haul, analyzing the future of business and planning to perfection before getting started is recommended.
Analyzing the sense of need
Even before getting started with a digital transformation initiative, it is quintessence to analyze whether there is a need for it for the enterprise or not. Remember, not every company needs digital transformation. Even minor changes or automation could keep them good in the long run without impacting their revenue and customer satisfaction. So, the first step would be to analyze the sense of need.
Starting slowly, getting consent from everyone involved in the process