Going Digital? The Digitization Piano

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Traditional Businesses and Internet Businesses > Forum > Going Digital? The Digitization Piano

Going Digital? The Digitization Piano
Liem Nguyen, Strategy Consultant, Canada, Member
The benefits of going digital can be big. However, we are still seeing organizations stuck in the status-quo and unwilling to change. The main issue that corporate leaders are facing is implementing digitization the right way. Combined to this comes the fear of change which is a main barrier to innovation. For change to be implemented, it is vital to first of all have a clear understanding of what must be transformed. Basically there are 7 distinct components of a business which can be transformed digitally. These categories make up the "digitization piano":
  • The BUSINESS MODEL (how a company makes money)
  • The STRUCTURE (how a company is organized)
  • The PEOPLE (who works for a company)
  • The PROCESSES (how a company does things)
  • The IT CAPABILITY (how information is managed)
  • The OFFERINGS (what products and services a company offers)
  • The ENGAGEMENT MODEL (how a company engages with its customers and (...) Read more? Sign up for free

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Traditional Businesses and Internet Businesses
Summary
Forum
How to Measure the Contribution of the Internet Channel?
🔥How Brick and Mortar Firms can Compete with E-Commerce Giants
Going Digital? The Digitization Piano


Traditional Businesses and Internet Businesses
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