Over 70% of Digital Transformation FAIL
Now you can find out why
Determine if your company is ready for a digital transformation.
Take this eye-opening questionnaire developed by CEOs to evaluate whether or not your business is ready to embark upon a digital transformation.
Save yourself considerable time and money by determining if your company is ready for a digital transformation... or if not, what steps you should take to assure your project will be a success.
Companies are attempting large transformations without having the essential elements in place.
Learn how to identify the fundamentals and take steps to improve them if necessary before you begin a digital transformation.
There are 5 reasons most digital transformations fail
Misdirection of Resources
The phrase “Digital Transformation” makes it sound like this process is mostly about technology. It is not. In fact, technology is the smallest portion of the process.
Lack of Ownership
The CEO, senior executives and board members must visibly support and nurture the emerging digital strategy. Without their involvement, the process will fail.
When efforts are siloed without a company-wide transformation strategy, processes will be hampered. A global view that incorporates business value streams must be implemented from the top down.
Too often, people are miscast and roles and reporting are nonsensical. Old-fashioned org charts simply don’t work in today’s digital environments.
Most importantly, your business culture needs to be open to transformation before any process begins. This refers to the set of behavioral and procedural norms within your company, including policies, procedures, values, goals, communications and organizational structure.
Don’t spend a dime on digital transformation until you have your house in order.
When digital transformation fails, it is almost always because people and processes do not get the same attention as technology.
Learn from experienced CEOs and business leaders that have faced these challenges and found best-case solutions.
Pat Turpin, board member and former CEO of Popchips, along with other well-known CEOs and business leaders from CPG, technology, and finance sectors, developed a questionnaire that will help you determine whether or not your business is ready for a digital transformation.
If you have downloaded the Gap Guide and you think you are ready to start a digital transformation, click here for an invitation to a private executive summit, where business leaders will discuss their experiences and offer advice, tips, and answer questions.
If you have downloaded the Gap Guide and you think you are not ready to start a digital transformation, click here for an invitation to a private executive summit, where business leaders will discuss how they rebuilt their company culture and prepared the organization for a success, prior to beginning this massive project.