Posted on : November 3, 2017
Views : 3
Category : Management
Digital transformation does not just disrupt business, but also leadership. Panelists include: Elisabeth Denison (Deloitte), Markus Haas (Teléfonica Deutschland), and Manfred Broy (Zentrum Digitalisierung Bayern). According to INSEAD research; the digital revolution, like every revolution, can be viewed either as a catastrophe or as a world of opportunity – depending on whether your allegiances lie with the old order or the new. Optimism is a prerequisite for survival. Digital will undoubtedly force boards and executives to attain unprecedented levels of innovation, competence, effectiveness, leadership and responsibility – with fundamentally positive results for both firms and society.” INSEAD research has identified eleven leadership guidelines for the digital age:
  1. Digitalisation requires an unbiased understanding of the external environment.
  2. Digitalisation may require a reformulation of the firm’s mission.
  3. The meaning and impact of digital to the firm must be clearly stated.
  4. Digital understanding and capabilities are required across the firm.
  5. Digitalisation must be supported by the firm’s corporate culture.
  6. Digitalisation demands a greater level of collaboration.
  7. Digitalisation requires greater engagement with the public.
  8. Business strategy in the digital age becomes a continuous process.
  9. Decision-making in the digital age is increasingly data-driven.
  10. Digitisation requires firms to enter uncharted territories.
  11. Digitalisation is about continuous management of change.
Source: knowledge.insead.edu