The Digital Transformation Strategy for Africa will build on the existing initiatives and frameworks such as the Policy and Regulatory Initiative for Digital Africa (PRIDA), the Programme for Infrastructure … 0000004325 00000 n Companies need to do hundreds of things right to create a digital organization, but three stand out above the rest. Data allows us to find new opportunities much more easily. Författarna avser att öka kunskapen om offentliga upphandlingsprocesser i Kina och analysera huruvida eventuella särdrag existerar utifrån tre valda perspektiv; det juridiska perspektivet, det formella perspektivet och, This book is a guide to surveying and understanding the key issues, best practices, and new developments in business and management studies. As a means to gauge the level of acceptance of mixed methods in management a synthesis of six large scale methodological scans across seven management fields will be presented. Digital transformation changes societies and industries, and is fueled by the convergence of social, mobile, cloud, and smart technologies as well as … For established companies, the pressure to digitize business models and products has reached new intensity.McKinsey research shows that the best-performing decile of digitized incumbents earns as much as 80 percent of the digital … 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 … 0000006201 00000 n Managing of Thailand sport industry based on sport ecosystems could sustainably prepare for future change in 3 areas; organizational developing to support New normal for effectiveness, developing for innovation or best management and integrating all stakeholders. Since the launch of the Digital Transformation Strategy in late 2018 we have made strong progress towards the vision of a government which is easy to deal with, informed by you and fit for the digital age. mapped digital strategy in one- to three-year phases must now scale their initiatives in a matter of days or weeks. Downsizing is sometimes seen primarily as a cost-reducing response to various crises and external factors over which management has little or no control. The concern that a lack of vision is a significant obstacle to digital transformation has grown over the last year. PDF | On Jan 9, 2018, Mariam H Ismail and others published Digital Business Transformation and Strategy: What Do We Know So Far? • Understanding of AI’s impact on corporate strategy. Workforce transformation – a strategy to change internal processes, departmental structures, incentives, skills, culture and/or behaviors – is implemented by 37% of organizations. 0000022957 00000 n 0000003140 00000 n “Digital transformation nearly always requires many internal stakeholders to do things in a different way,” says Martin Henley, SVP, technology services sector for Globality.. “That likely includes changing or breaking processes that have been in place and have worked well at some point, changing how stakeholders interact with their clients, even changing their roles. 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. Four key sectors warrant further discussion as they are all central to global commerce and ripe for deep transformation… To compete with digital … xref 0000004438 00000 n See more ideas about digital transformation, digital… tal transformation on the labor market (Chapter 2). 0000005752 00000 n (Hamel & Breen, 2007; Hamel, 2012; W, bargaining power of consumers, which forces them to provide for an improved value proposition in the form of a, to create additional value (Hamel, 2012; Tupa et al., 2017). Identify your goals and desired outcomes. build new barriers against competitors from all kinds of industries while securing a superior cost position. Every company knows how to pilot new digital initiatives in “normal” times, but very few do so at the scale and speed suddenly required by the COVID-19 crisis. The business case does not add up. Access scientific knowledge from anywhere. full range of products and services on offer which have previously been limited by dominant market competitors. %%EOF 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. Digital transformation is a topic of rich and vital discussion in boardrooms and among executive teams around the world. This paper maps the rise of this third methodological movement before introducing Creswell and Plano Clark’s (2007) discipline acceptance levels for mixed methods. A larger documentation on this subject would delimit the types of evaluations to help companies to easily choose the type that fits its culture. Why digital transformation should be a strategic priority for health insurers Digital technologies and applications have the potential to markedly enhance a payor’s profits. Digital Transformation Scoreboard 5-0,50 0,00 0,50 1,00 1,50 2,00 F r e q u e n c y o f o b s e r v a t i o n Volume Sentiment These results are based on a Digital Intelligence Platform which measures the ‘digital … Free up development teams from unnecessary dependencies. Research and identify the impact of the latest wave of digitization on strategic management along the lines of company strategy, employee development, customer relationship management as well as in, The business literature on the causes and consequences of downsizing has grown significantly over the last three decades. transformation.” Digital transformation is a large topic that can be parsed any num-ber of ways. This research paper represents a literature review on the causes and consequences of downsizing. 1-4. 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. Welcome to the Digital Transformation Strategy Dashboard.We released the Strategy, with a Roadmap of initiatives to improve government services. Boston: Harvard Business School Press, Competition, and Unstoppable Innovation, Chicago, IL: Jossey Bass. Four key sectors warrant further discussion as they are all central to global commerce and ripe for deep transformation: buildings, data … Corporate Finance Business Practise, May 2014, pp. Digital strategy drives digital maturity. As the world becomes more digital and more volatile, survival itself becomes less certain. 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. trailer strategic management theories and frameworks, as well as the history and influence of digital transformation. One example McKinsey pointed to as proof of this is European insurer Axa, which invested €950 million in digital transformation over just two years. See more ideas about digital transformation, strategies, transformations. Digital Transformation by Cisco; Cisco Enables Businesses to Fulfill Their Vision of Digital Transformation – ZK Research (PDF - 3.3 MB) The Technology Behind Digital Business Strategy – Forrester (PDF - 1.2 MB) landscape introducing the current status of digital transformation in more than 60 countries around the globe: Figure 1 - Map of Digital Evolution (Source: Chakravorti, B., et al. digital transformation into crystal-clear urgency. Newman, D. (2018). 2018 Digital Transformation Trends: Where Are W, transformation-trends-where-are-we-now/#5ce36efbc647, ebook/dp/B07MK7RHBT/ref=sr_1_15?ie=UTF8&qid=1546507135&sr=8-, Instrumente/dp/3658123877/ref=asap_bc?ie=UTF8, ... Digital transformation represents also a challenge for employees, with new styles of leadership and organizational framework and new requirements for learning and adopting new skills and competencies to actively contribute to the demanding innovation-driven business environment. Detta teoretiska bidrag kan komplettera tidigare studier om offentlig upphandling i andra länder som utförts ur ett statligt perspektiv. Article - McKinsey Quarterly The economic essentials of digital strategy. Jun 12, 2017 - Go to www.slidebooks.com to Download and Reuse Now a Digital Transformation Strategy & Framework in Powerpoint | Created By ex-McKinsey & Deloitte Strategy Consultants. In essence, the disruptive nature of this trend has the potential to shake the foundations of industries which requires firms to fundamentally change their strategic management approach. PDF | In recent years, ... 2015, developed a digital transformation framework to guide companies holistically when developing and defining a digital transformation strategy. in professions which will no longer be needed. <<8BC1413BD3B95F45B72D9F72D9A5A068>]/Prev 330365>> It would be a challenge to discover the inclination of organizations for different types of evaluations as well as perception differences between employees and employers. 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. How digital transformation will unfold across different economic sectors is another key question. And smart digital strategy, like traditional business strategy, is about making wise … Recognize that transformation of enterprise architecture must be an ongoing process. 0000010429 00000 n scientific debate predominantly centers on three key issues: proposition both for existing and new customers as well as for the firm itself. al., 2017). How digital transformation will unfold across different economic sectors is another key question. A multitude of causes has been identified. 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. theoretical and conceptual frameworks, seminal mixed method theorists, publications and academic recognition and legitimation. The paper consists of an overview on the existing literature and a concise outline of the research conducted. 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. To set a digital transformation on the right course a company must place it at the core of its agenda, and understand the magnitude of that undertaking. 1. Digital Transformation Strategy refresh consultation paper (PDF, 1.7MB) Back to top Minister’s Message. Quantitative methodologies and qualitative methodologies have now been joined by a third methodological movement, mixed methods. 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. h�b```b``�d`e`�`b@ !6v� V�9L.ԛ���p ���������ұ��t22�p�2>���$�鴢��A!��e;��j�/�R ؠq^V#Tȡ���E$�5�յ�h�@%���%<2�}s�ku,��ǤlS4��K�M�E��#.k8���)�x��ҫ��c/���=���4L2_wȪ�P�|�vQ���,4E�]��E�ЩSD��h�"��7@���x�Uб�|� ���V�����k(��l...@����yD��qhh:��(JJJP>���bl��R�]�р#P�@��%)H��7TD��+���� @&��+L�S�XY�0lqP}��I���A�G�)V����\-&00Ȱ�= ����C����~c0��f"�Sz��E�lz�0�0. 0000001565 00000 n previously existing information asymmetry. (2014). 0000009291 00000 n 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. 0000007444 00000 n (Grab et al., 2018a). For established companies, the pressure to digitize business models and products has reached new intensity.McKinsey research shows that the best-performing decile of digitized incumbents earns as much as 80 percent of the digital revenues generated in their industries.Ascending to that elite group is far from easy. We help healthcare organizations use digital and analytics to improve healthcare cost, quality, and access. Our vision is to contribute to the objective of the modern Industrial Strategy, which, in its simplest form is to create Kina –Världens största bygge. 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. 0000016916 00000 n Even in groceries, over 10 percent of customers in the UK now will shop online and actually mak… However, the initial success of the IPad made both. A digital transformation strategy is a plan of action to reposition a business in the digital economy. 0000004214 00000 n seek new strategies beyond pure rent-seeking. 0000002713 00000 n Författarna har dessutom identifierat särdrag som listas för vidare studier inom ämnesområdet. 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. Only 15% of respondents from companies at the early stages of what we call digital maturity — an organization where digital has transformed processes, talent engagement and business models — say that their organizations have a clear and coherent digital strategy. Because the industry itself is undergoing a paradigm shift, businesses need to rethink the way they operate. Transformation … Others see downsizing as a strategic management initiative in its own right. Mixed methods has now become a legitimate methodological movement with a growing body of, Syfte: Författarnas strävan är att göra en explorativ studie av vilka faktorer som påverkar hur svenska företag agerar i offentliga upphandlingsprocesser av infrastruktur i Kina. African Union: African Leaders Redefine the Future through Digital Transformation (32nd Assembly – 2019) Det är författarnas förhoppning att det praktiska bidraget kan hjälpa företag som vill etablera sig i Kina. The introduction of the digital transformation strategy framework aims to address these challenges and aims to foster additional research in this field. Digital transformation, strategic business management, innovation, competition, digital market. 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. “Investment is likely to result in … Article (PDF-42KB) ... Podcast - McKinsey Quarterly Digital strategy: Understanding the economics of disruption. The economic essentials of digital strategy, McKinsey Quarterly April 2016 [online] Available at: [Accessed 12 April 2018] Ford, M., (2015). 0000004530 00000 n Since this process is divided in two parts (mid-year review and final review), an interesting research question would be how useful is to offer feedback to employees at the middle of the evaluation period and its impact on the final review. 0000036033 00000 n Companies must be able to change elements of their digital products and processes quickly, thus keeping up with competitors’ ability to generate new and innovative customer experiences on demand. McKinsey’s 2018 survey of global manufacturing companies reveals an interesting mix of organizational ... is that companies often make the same missteps when it comes to digital manufacturing strategy and implementation. Challenges" (Roger Ottewill and Bruce Macfarlane); (4) "Aims, Objectives and Learning Outcomes" (Roger Ottewill and Bruce Macfarlane); (5) "Learning, Teaching and Assessment Activities" (Roger Ottewill and Bruce Macfarlane); (6) "Integration" (Bruce Macfarlane and Roger Ottewill); (7) "Reflection and Evaluation" (Bruce Macfarlane and Roger Ottewill); (8) "Business Environment" (Ranald Macdonald); (9) "Business Organisation" (Ardha Danieli and Alan B. Thomas); (10) "Business Ethics" (Bruce Macfarlane and Roger Ottewill); (11) "International Business" (Karina Jensen); (12) "Strategic Management" (Peter L. Jennings and June Fletcher); (13) "Marketing" (Andrew Perkins); (14) "Innovation and Entrepreneurship" (Philippa Gerbic and Andrew McConchie); (15) "Anticipating the Future" (Bruce Macfarlane and Roger Ottewill); and (16) "Professional Development" (Roger Ottewill and Bruce Macfarlane). 0000009847 00000 n 2017), Bolivia and Colombia. For this purpose, we will perform an outline on the existing literature by analyzing authors’ opinions on this subject and identifying advantages and disadvantages of the two types of evaluation specified above. Like the proverbial journey of a thousand miles, it begins with small steps. Effective Learning & Teaching in Business & Management. Our research revealed that digital transformation is worldwide phenomena; however the regional impact differs significantly depending on the regulatory environment and the level of economic sophistication. Digital transformation, according to McKinsey’s research, is extraordinarily difficult. • Digital economy strategy could grow GDP from 2.6 trillion USD up to 4.15 trillion by 2030 and the total digital growth effect at full maturity could reach up to 333 billion USD a year. considerable body of literature indicates workforce reductions often lead to negative financial and operational outcomes for the downsizing firm as well as negative psychological outcomes for victims, survivors, and executioners. addressing individual shortfalls as described. 0000011010 00000 n broader selection of products and services within a known environment. Data collection consist of reviewing of literatures and interviewing. Each chapter contains references. The fields covered by these studies include: marketing; international business; strategic management; organisational behaviour; operations management; entrepreneurship and; human resource management. Against this background, they play a vital role considering strategic planning and implementation processes. Many researches consider that one of the used methods implemented in companies is the evaluation based on objectives. BASIQ Conference in Heidelberg 2018 Proceedings, 11-13 June 2018, of the European Conference on Entrepreneurship and Innovation, Conference on Innovation and Entrepreneurship, V. work/what-the-future-of-work-will-mean-for-jobs-skills-and-wages> [Accessed 8 February 2018]. 0000006684 00000 n Customers are often slow to adjust t… 0000008700 00000 n It’s true that companies have been using technology for many decades. Aug 8, 2019 - Explore Slidebooks Consulting's board "Digital Transformation Strategy & Plan Template", followed by 1265 people on Pinterest. normed and limited insurance products available some years ago. The network is as much about communicating the digital transformation strategy as it is about monitoring the weak signals from the market that can potentially help shape that strategy. an imprint on the capability of a country to deepen its digital evolution. Rise of the robots: Technology and the threat of a jobless … The focus is on motivating and constantly offering constructive feedback to the employees by evaluating them on the following criteria: job description requirements, operational objectives and behavioral objectives. 0000005841 00000 n Studien är av kvalitativ art och utgörs av djupintervjuer med två fallföretag och fyra experter inom området. Digital transformation, according to McKinsey’s research, is extraordinarily difficult. This vital element has organizations around the world turning to leading experts to figure out how they can adopt new technology and adapt to the digital workplace. 0000020469 00000 n First of all, customer expectations are very, very different now. Based on the global competition, organizations are in continuous quality improvement of their processes to stay competitive. finance/our-insights/strategic-principles-for-competing-in-the-digital-age> [Accessed 10 February 2018]. Building a business that can leverage emerging technology and ride new opportunities with speed skill and … However, research by McKinsey, in its 2014 Global Survey, has shown that digital engagement of customers is a primary motivator for business strategy… Our discussion here covers both the shifts in society caused by the new technology and the increasingly accessible nature of the labor market as a result of the digital transformation. 0000001694 00000 n 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. Improving customer experience and engagement is the top goal fueling digital transformation … 0000003743 00000 n Digital pressure and Four paths to the net-generation operating model competition reward incumbents that move quickly and assertively. 121 0 obj <>stream which ultimate has the intrinsic potential to reshape the way business has been conducted. technology on service delivery. Download the 2019 Digital … Data allows us to find new opportunities much more easily. (Tong, Li &Y, professional sources. 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 experience substantial effects regarding their revenues and profits. That economic pressure means CEOs must focus on big choices about their companies’ digital transformation efforts. Shareholders of public companies demand immediate returns. Jun 12, 2017 - Go to www.slidebooks.com to Download and Reuse Now a Digital Transformation Strategy & Framework in Powerpoint | Created By ex-McKinsey & Deloitte Strategy Consultants. Digital Transformation Strategy Consulting: 4 Tiers of Change Advancing from the vision to a concrete strategy is difficult. In addition to that, content and quality management are steered by. 0000005116 00000 n Because the industry itself is undergoing a paradigm shift, businesses need to rethink the way they operate. Both research results from professional associations as well as recognized publishers were considered. In a BCG survey of more than 5,000 managers and employees, over 80% said that digital … Slutsatser: Författarna har konstruerat en modell som hjälper till att förklara hur de funna faktorerna påverkar svenska företags agerande vid offentlig upphandling av infrastruktur i Kina. Figure 2 - Digital change overview (Source: Dawson, In the modest development section, the following three. They need a plan for strategic alignment – an IT integration strategy. © 2008-2020 ResearchGate GmbH. startxref Digital Transformation . 0000008089 00000 n form of the integrated digital strategy framework shall be, towards standardizing and automating business, threatening for business (Markovitch & Willmott, 2014; Ross, 2017). strategy, make appropriate resource allocation decisions, and collaborate smoothly with an AI team that is supporting valuable AI projects. See more ideas about digital transformation, digital, strategies. (Manyika et al., 2017; Nedelkosa & Quintini, 2018). A new report from the McKinsey Global Institute (MGI), China’s digital transformation: The Internet’s impact on productivity and growth, projects that new Internet applications could fuel some 7 to 22 percent of China’s incremental GDP growth through 2025, depending on the rate of adoption. Finance departments keep tight hold of the funds needed to move new initiatives forward quickly. Following this, we turn to consider a comprehensive yet prioritized list of digi - COVID-19 pandemic was inducing a large impact in sport industry management. In one European survey, about 70 percent of executives from Austria, Germany, and Switzerland said the pandemic is likely to accelerate the pace of their digital transformation… 0 A digital transformation strategy is a plan of action to reposition a business in the digital economy. Building a business that can leverage emerging … Metod: Studien är av explorativ karaktär, med utgångspunkt i det hermeneutiska forskningsidealet. Digital Transformation Strategy. It includes main ideas. New FSC MIX.pdf 1 8/15/11 10:31 AM 14-3004 Digital McKinsey Insights Issue 3_final.indd 73 12/19/17 1:49 PM The articles in Digital McKinsey Insights are written by consultants in the Digital McKinsey practice together with colleagues from across the firm. det informella perspektivet. McKinsey & Company 2 Digital transformation is hard The goalposts keep moving, forcing questions on strategy and business models. STRATEGY, NOT TECHNOLOGY, DRIVES DIGITAL TRANSFORMATION • MIT SLOAN MANAGEMENT REVIEW 3 Strategy, not Technology, Drives Digital Transformation MExecutive Summary IT Sloan Management Review and Deloitte’s 1 2015 global study of digital business found that maturing digital businesses are focused on integrating The paper concludes with a discussion of the implications for developing mixed methods research capacity within and across management disciplines and future research to this end. Leadership from the top is necessary to overcome the organizational resistance to change that can make a digital transformation difficult. 90 32 The first is how best to ensure momentum and success. (Brynjolfsson & McAfee, 2014; Ford, 2015), concern regarding the consequences of the next waves of digital transformation. 0000023316 00000 n %PDF-1.4 %���� These three points include: regarded as difficult to market. Existerande teorier inom företagsekonomi, främst inom strategisk ledning och institutionell teori, appliceras av författarna på det empiriska materialet. The Future of Management. ResearchGate has not been able to resolve any references for this publication. A company’s digital transformation strategy will make or break their success in the rapidly evolving global market. This article was aimed to study the spreading impact of COVID-19 on sport industry in Thailand and to proposed Thailand sport industry managing practice based on sport ecosystems concept. The majority of company executives report that satisfying a specific business need is the primary catalyst for their digital transformation efforts. Digital Transformation Scoreboard 5-0,50 0,00 0,50 1,00 1,50 2,00 F r e q u e n c y o f o b s e r v a t i o n Volume Sentiment These results are based on a Digital Intelligence Platform which measures the ‘digital pulse’ of the interest and acceptance levels of the technologies in All rights reserved. 0000011507 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. International journal of bank marketing, 17(4), pp. Bain was selected by the World Economic Forum to convene a group of companies engaged in the topic, and, working with more than 40 global executives, to create a new approach to digital transformation. | Find, read and cite all the research you need on ResearchGate 0000028820 00000 n 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). 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. 0000000936 00000 n The issue of the distribution of digital sophistication among. It is not for the fainthearted, but CEOs are heading in the right direction if they grasp the fundamental importance of heavyweight management commitment, are willing to make significant investments, and set clear, ambitious targets. Brynjolfsson E., McAfee A. 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. Moment a delivery is made to the after sales service Understanding of AI ’ s Message is sometimes seen as... 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