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How To Do Digital Transformation The Right Way

Chief Executive

Major sectors of manufacturing are embracing digital transformation for their own reasons and at different paces. But there are some common best practices for these varying industries as they sink hundreds of billions of dollars into their operations in order to optimize new technologies under what’s become known as Industry 4.0.

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How to Ensure Your Organization’s Digital Transformation Succeeds

Michael McKinney

To illustrate the potential impacts, in 2007, Nokia had a little over half the mobile phone market with an operating profit of about $7.8 Subsequently, its market share plummeted by 90 percent. These transformations typically involve a profound change in how a business operates, encompassing people, process, and technology.

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How Tech Is Tied To Operational Risk

Chief Executive

The last thing any executive wants is a catastrophic operational failure during a peak season. 19-28 , far exceeding any other airlines’ operational impacts. Tech issues are often blamed when businesses experience operational disasters. Clearly, the focus is more on financial management than operational excellence.

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A comprehensive guide to digital change management

Walk Me

Secondly, digital change management helps in enhancing the efficiency of business operations. Moreover, your employees are central to the success of your digital transformation. Through digital change management, you can ensure your employees have the skills, knowledge, and tools they need to contribute effectively.

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HR’s Guide to Digital Change Management

AIHR

Digital change management is the process of applying change management principles in the context of digital transformation. A digital transformation initiative is bound to underachieve if it isn’t implemented well. Then you can decide what needs to happen to take your operations where they need to go.

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CEOs, Help Your Board Help You

Chief Executive

Now, because the market is moving so quickly and because we sit in a time in the country and the world that no one can predict outcomes, it requires a board that is extremely agile, extremely resilient and open-minded, and a very tight relationship with the management team,” she says.

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Is Silicon Valley the Next Detroit?

UVA Darden

burtonc Tue, 02/06/2024 - 22:37 6 February 2024 Operations & Technology Entrepreneurship & Innovation Digital Transformation Modern Global Leadership Imagine a city. The Bay Area in 2024 and Detroit in 1924 share several things in common: An increasingly consolidated market dominated by a handful of mega firms.