Digital Vortex: How To Compete and Win in a Digital World
The vast majority of customers I speak with are senior line-of-business leaders, C-level executives, and boards of directors. They urgently want to know how technology can transform their businesses because they understand the risks of being displaced by digital disruption. In a recent conversation, the CFO of a leading worldwide retailer told me that the […]
Will Digitization Eliminate Jobs or Redefine Them?
Digitization is impacting companies in every industry as business leaders implement digital technologies and processes to transform all aspects of their operating models. Yet, even with the growth and innovation that digitization will drive, many people fear it will eliminate jobs at a record pace. In addition, by 2020, four in 10 industry incumbents will […]
Digital Agility Can Save Your Organization From Disruption
Today, industries are colliding and recombining in new ways. These collisions are yielding new competitive forms. A new paper from the Global Center for Digital Business Transformation (DBT Center), a joint initiative between IMD and Cisco, calls this ‘Value Vampires’ and ‘Value Vacancies.’ Value vampires are companies whose competitive advantage actually shrinks overall market size. […]
In the Digital Vortex, It’s All About the Value, Not the Value Chain
Five years ago, the taxi industry seemed about as immune to digital disruption as any industry could be. Taxis, after all, were purely analog contraptions, far removed from digital innovation, software, apps, and the like. What’s more, their business model seemed as foolproof as the day it was created in the early 1900s: drivers prowled […]
In the Digital Age, Fortune Favors the Bold
The ancient Roman poet Virgil might feel at home in the Digital Age (once the initial future shock wears off!). He famously said, “Fortune favors the bold.” These words have never been more prescient. In a recent article, we likened the current climate of ever-present disruption, innovation, and change to a Digital Vortex, in which […]
Five Keys to Success Leading Digital Business Transformation
As we explored in my previous blog, today’s rampant pace of innovation can be likened to a Digital Vortex, where ideas, technologies, and even entire industries are swept to the center of the Vortex — recombining and merging into disruptive new business models. In such an environment, digital business transformation is critical — and demands […]
Digital Business Transformation Starts with Five Key Leadership Questions
While digital disruption is overturning incumbents faster than just about any force in history, many business leaders are not getting the memo. As I wrote in my previous blog, our recent “Digital Vortex” research found that nearly four in 10 top incumbents will be displaced in each industry due to digital disruption over the next […]
Digital Vortex: How Not to Be the 40% That Will Fail!
At least 40% of businesses will fail at staying digitally agile. Among 941 business leaders in 12 industries surveyed, 43% percent...
In the Digital Vortex, Disruption Blurs the Lines Between Industries
Recently, I spent a week in Asia with clients, partners, and our various teams. One of the most common themes I heard from clients is that the pace of disruption in today’s markets can be overwhelming. Yet, despite the speed and pace of change resulting from todays’ technology forces, most leaders recognized that the disruption […]