The first step on digital transformation path is the mapping all relevant factors, solutions, and stakeholders that are influencing this journey. It is necessary to understand how digital can disrupt the industry by transforming the value chain, patterns of demand and competitiveness. These first steps include value chain analysis, competitive benchmarking, internal competencies and barriers assessments, and are crucial in defining a digital roadmap.
to reduce inventory and optimize
Quick wins on a path to
Digital transformation is not an overnight process, but a step-by-step journey. Businesses in various industries must start leveraging digital to develop compelling value propositions that allow them to turn disruption from a threat to an opportunity. It is necessary to produce a step by step digital transformation roadmap matching the capabilities and benefits with the market needs. This journey should be perceived as a series of quick wins leading to a complete digital transformation which might seam as an impossible goal at the moment.
The Business Model
Enhancing The Processes And Digitizing The Value Chain
Building Digital And Innovation Culture
There is an often overlooked part of the digital transformation process that is also one of the most significant and most difficult steps on the path to digitization. This is a step where a company accepts digital culture and diversity within the organization with suitable digital talent. Most importantly this is about the evolution of traditional corporate culture into a culture of continuous innovation on all levels of the company. This is not just about hiring a Chief Digital Officer and Executive but about instilling a digital DNA with the need for continuous innovation in all employees.
We have identified 8 key Ps that are the key factors in the process of business transformation and digitalization: product, price, packaging, placement, promotion, processes, personality, and people. In our equation, people represent corporate culture, diversity, and operational processes in the company. Traditional companies with a deep legacy find it difficult to change on the “last P” for people and accept agile concepts seen in start-ups and digital native companies. However, it is time to focus on the culture transformation within the company that could start with small changes in the office language, dress code, office environment and working hours. This includes selection of a suitable digital talent, implementation of agile management models by combining different divisions into single teams with more informal and transparent leadership.
- Digital transformation CULTURE
- Digital transformation DISCOVERY
- Digital transformation ROADMAP
- Digital transformation IMPLEMENTATION