Digital transformation is a business strategy that uses digital technologies and the data they produce to connect organizations, people, assets, processes, etc., for the rapid development of new products, services, markets and business models, and to make profits by satisfying new customer needs in an innovative way. Key success factors include organizational culture, digital skills and qualifications, and digital ethics.
STRIM® is currently focusing on the following services: business modeling, leadership and innovation culture.
Bridging the Strategy-to-Performance Gap
Written by Bruce Nixon, CEO of Holocentric
A study found that executives typically deliver only 63 percent of their strategy’s potential due to breakdowns in planning or execution. Even the greatest strategies struggle if executed improperly.
The costs of strategy failures for a business can include confusion among the workforce, disparity between the organisation’s vision and its day-to-day operations, misuse of resources and waste of time and money.