Kickstarting Digital Transformation By Focusing On End-Goals
Successful strategy implementation is neither a process overhaul nor a mechanical formula for efficiency.
The three critical forces that power exceptional strategy execution: Alignment, Mindset, and Capability. BTS has found that companies achieve better results, faster, when the workforce is aligned to the strategy, has the right mindset to approach execution with a sense of urgency and purpose, and has mastered the capabilities needed to execute.
Achieving a strategy’s fullest potential requires mastering all three forces—whether you are executing at the enterprise level, or working on specific initiatives.
Support
successful digital transformation
doesn’t start with technology – it starts with business strategy.
What is Digital Strategy Implementation?
Strategy implementation is defined as the practice of bringing a strategy to fruition. Companies regularly cite strategic execution as a top priority, but few agree on how to make it happen. According to BTS’s Strategic Execution Framework, there are three critical forces that drive exceptional execution: Alignment, Mindset and Capability. Companies achieve better results, faster, when people understand the strategy and its implications at an individual level (alignment), are excited and passionate about the strategy (mindset), and have the skills and confidence (capability) to execute.
Companies may fail to extract value from digital transformation due to the disconnection between strategy formulation and strategy implementation.
Pillar of successful implementation of Digital transformation Strategy
To implement a successful Digital Transformation strategy, there are some important key practices to have under consideration. Nowadays, technology is as important to companies as the air we breathe, but a bad choice and an unsuccessful implementation may lead the finest project to ruin.
New Technology + Old Operations = Expensive Old Operations
In our State of Digital Transformation, we’ve identied a common set of technologies fundamental to achieving digital transformation. These include:
Focusing on strategy alignment could result in an increase in Return on Investment of as much as 12.5%
OFFERINGS
LEADING THE TRANSFORMATION WITH A VISION
We have a vision and a broad-based coalition that supports refining strategy, a strategic use case, a technology roadmap, and partners in digital transformation success. Before moving ahead full-throttle, clearly dene key performance indicators (KPIs) for each project. Make sure all parties are aware and accountable to what needs to be delivered to call the project a success.