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Global Mind Leaders - " Is Your Company Ready for a Digital Future? "
Article
Title
" Is Your Company Ready for a Digital Future? "
Description
There are four different pathways that businesses can take to become top performers in the digital economy. Leadership's role is to determine which pathway to pursue — and how aggressively to move.
By Peter Weill and Stephanie L. Woerner
( MIT Sloan Management Review ).
Idea In Brief
Companies in the future-ready quadrant performed much better than their industry peers. Becoming future-ready requires changing the enterprise on two dimensions — customer experience and operational efficiency.
Replacing core processes in an enterprise is an expensive, multiyear undertaking. It also requires putting many other projects on hold.
In some enterprises, we have seen organizational whiplash from changes in direction, with a reduction in employee effectiveness and an increase in burnout.