Going Digital? The Digitization Piano

Traditional Businesses and Internet Businesses
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Liem Nguyen
Strategy Consultant, Canada
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 other stakeholders). These 7 categories or focus areas mak (...) Read more? Sign up for free

 

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Going Digital? The Digitization Piano
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