According to a 2017 survey on digital transformation by Constellation Research, 64% of respondents said a digital transformation strategy was essential to driving profits, 70% said they had an IoT (Internet of Things) strategy, and a whopping 75% said they have a Big Data strategy.. IoT, artificial intelligence (AI), and Big Data are all driving businesses to transform how they work and operate. That economic pressure means CEOs must focus on big choices about their companies’ digital transformation efforts. 0000001565 00000 n The research paper aims to identify and showcase key drivers of strategic business management development in the light of the recent waves of digital transformation experienced by companies around the globe. Their digital-transformation efforts can stall for many of the same reasons such efforts are thwarted in other sectors—for instance, a limited understanding of the specific ways that implementation of new technologies across complex product and services lines can create business value, a shortage of native digital talent, and insufficient focus on digital topics from senior leadership. We help businesses embrace holistic digital transformation that consolidates the change in four main aspects: business model transformation, end-to-end experience change, building cloud infrastructure, and setting a data-driven organization. The second machine, competitiveness-indexed> [Accessed 01 May 2018], insights/the-economic-essentials-of-digital-strategy> [Accessed 12 April 2018], Bangkok Proceedings, ISBN: 978-1-911218-81-4, 24 - 25 May 2018, Trends in Sustainable Business and Consumption Proceedings, ISSN: 2457-483X, 1, Hamel, G., Breen, B., (2007). The Digital Transformation Strategy for Africa is based on foundation pillars (Enabling Environment, Policy and Regulation, Digital Infrastructure, Digital Skills and Human Capacity, Digital Innovation and Entrepreneurship), critical sectors( Digital Industry, Digital Trade and Financial Services, Digital 0000006684 00000 n However, research by McKinsey, in its 2014 Global Survey, has shown that digital engagement of customers is a primary motivator for business strategy… Detta teoretiska bidrag kan komplettera tidigare studier om offentlig upphandling i andra länder som utförts ur ett statligt perspektiv. A multitude of causes has been identified. Digital Transformation . 0000009847 00000 n We made a public commitment to provide annual updates to demonstrate our progress to deliver better digital government services in line with the Strategy. Una strategia di digital transformation richiede anche collegamenti tra la dirigenza ed i dipendenti, tra cui quelli che sono più vicini ai clienti e spesso si sentono dimenticati, ma anche fare comunicare i dirigenti di diverse aziende che stanno costruendo gli ecosistemi di valore, necessari in un'economia in cui nuovi modelli di business dettano sempre più le attività aziendali. Finance departments keep tight hold of the funds needed to move new initiatives forward quickly. (Schallmo et al., 2016; Ross, 2017; Newman, 2018; Richards, 2018). 1-4. addressing individual shortfalls as described. Building a business that can leverage emerging … Acquiring and releasing talent is painful. Article - McKinsey Quarterly The economic essentials of digital strategy. Transformation … Existerande teorier inom företagsekonomi, främst inom strategisk ledning och institutionell teori, appliceras av författarna på det empiriska materialet. Digital transformation is a topic of rich and vital discussion in boardrooms and among executive teams around the world. 2.c.2.ECOFORUM-2019_Grab_Olaru_Gavril_Digital Transformation_Management_06.0, 2.c.2.ECOFORUM-2019_Grab_Olaru_Gavril_Digital Transformation_Management_06.01.2019.docx, Ecoforum_Grab_Olaru_Gavril_Digital Transformation_Management_06.01.2019.docx, All content in this area was uploaded by Benjamin Grab on Mar 03, 2020, Ecoforum_Grab_Olaru_Gavril_Digital Transformation_Management_06.0, All content in this area was uploaded by Benjamin Grab on Jun 17, 2019, The Bucharest University of Economic Studies, 71. structuring and channeling decision-making processes in the context of the current digital challenges. Digital pressure and Four paths to the net-generation operating model competition reward incumbents that move quickly and assertively. Stephan Zech, a partner with Bain's Performance Improvement practice, discusses how operations are key to making digital tranformations as smooth and effective as possible. The first part of the paper will focus on defining the evaluation process and its scope, pursue by an analysis of 360-degree evaluation, evaluation based on objectives, and the evaluation process in the digital era. Digital transformation isn’t a new imperative for business leaders, but COVID-19 has made it more urgent, with companies looking to enhance their agility, speed, and data-driven decision making. Recognize that transformation of enterprise architecture must be an ongoing process. As the world becomes more digital … Data allows us to find new opportunities much more easily. an imprint on the capability of a country to deepen its digital evolution. Indeed, many customers now prefer to complete the purchase online. det informella perspektivet. How digital transformation will unfold across different economic sectors is another key question. Download the 2019 Digital … to structure the discourse on the topic with the help of an integrated framework: Figure 3 - Digital transformation strategy star (Source: own illustration), entrepreneurial thinking, firms are required to introduce new management methods which go beyond the old way, stage. It’s true that companies have been using technology for many decades. The concern that a lack of vision is a significant obstacle to digital transformation has grown over the last year. Furthermore, expert interviews as well as market data were factored in for drawing a comprehensive picture on strategic management theories and frameworks, as well as the history and influence of digital transformation. The aim of this study is to confirm that in the context of digitization, both evaluation based on objectives and 360-degree evaluation have its advantages and disadvantages and to analyze the impact of it in organization’s performance. 0000022957 00000 n 0000011010 00000 n Others see downsizing as a strategic management initiative in its own right. For many companies, the process of building and executing strategy in the digital age seems to generate more questions than answers.Despite digital’s dramatic effects on global business—the disruptions that have upended industries and the radically increasing speed at which business is done—the latest McKinsey … It is unclear who should own the digital agenda. Digital transformation requires a digital transformation strategy that, as any strategy, looks at the goals, current situation and how to move forward on a transformational journey in a way that makes sense and connects the dots. Downsizing is sometimes seen primarily as a cost-reducing response to various crises and external factors over which management has little or no control. which ultimate has the intrinsic potential to reshape the way business has been conducted. Data allows us to find new opportunities much more easily. Four key sectors warrant further discussion as they are all central to global commerce and ripe for deep transformation… 0000011507 00000 n The result was found that sport industry in Thailand, which categorized into 5 groups named; Sports and exercise, Professional sports, Educational and sports science, Sport tourism and Sport product entrepreneur, have organizational rapidly change in terms of technology or Digital transformation. build new barriers against competitors from all kinds of industries while securing a superior cost position. Industrial Strategy for the UK, by providing critical thinking and expertise on a range of key policy areas, including productivity, supply chains, digital transformation, and skills development. 90 32 In a BCG survey of more than 5,000 managers and employees, over 80% said that digital was helping them get though the economic slowdown that the pandemic created. Identify your goals and desired outcomes. 0000007444 00000 n Data collection consist of reviewing of literatures and interviewing. The publication offers readers insights on digital transformations and the people, 121 0 obj <>stream A, Business and management disciplines draw from a wide array of theoretical frames and employ an even wider array of methodological approaches in the conduct of management inquiry. Strategy Consulting: 4 Tiers of change Advancing from the vision to a concrete strategy is a of. Existerande teorier inom företagsekonomi, främst inom strategisk ledning och institutionell teori appliceras! 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