WHAT DOES HARVARD BUSINESS THINK OF DIGITAL TRANSFORMATIONS?

Moving from a siloed functional organization to a matrix one, which is the primary organization model during a transformation can present a number of challenges and potential problems.

Here are some techniques that the board can use to ensure that value capture occurs…

The principle of unrestricted warfare can also be applied to competition between companies, particularly in the context of the digital economy.

In essence, these assessments seek to provide answers to two crucial questions: 1) Are individual directors equipped with the confidence and expertise to provide insightful and accurate recommendations on digital strategies, initiatives, and talent? 2) Does the company possess the necessary capabilities to compete effectively in the digital world, and if not, what are the gaps, and how can they be addressed?

The implementation of an Omni-Channel initiative can yield significant rewards, but it also carries substantial risks that can threaten a company's value and continuity.

In 2017, research conducted by Deloitte Insights found that only a small percentage of companies had board-level Technology Committees.

Technology has become an integral part of how companies operate, and it has a significant impact on how businesses define and uphold their purpose, mission, and values.

The value of outside directors who are well-versed in digital business models, practices, and industry best practices cannot be overstated, especially for companies that are making significant investments in digital transformation or other technology changes.

Directors must have a thorough understanding of the organization's digital capabilities, and a digital director can help with this assessment.