digital Flashcards
was ist DIGITAL?
digital is about unlocking growth. it is disruptive and pervasive, and can affect many areas in many ways
what are digital’s 3 distinctive forces?
foundations (connectivity, computing)
core (back end and front end processes)
new frontiers
was ist FOUNDATIONS in digital?
underlying tech and capabilities impacting everybody and everything in corporations, gov and personal life
was ist CORE (BACK AND FRONT END PROCESSES) in digital?
new approaches, practices and systems that combine several foundations with the goal to improve the performance of the company’s core
was ist NEW FRONTIERS in digital?
all new and improved products,services and business models that are advanced and enabled through combination of capabilities in foundations and core
what are the four dimentions digital leaders excel at?
STRATEGY
- bold, long term orientation
- linked to business strategy
- centered around customer needs
CULTURE
- risk appetite
- test and learn
- speedy/ability
- internal collaboration
- external orientation
ORGANIZATION
- roles and responsabilities
- talent and leadership
- digital investment
- governances/KPIs
CAPABILITIES
- connectivity
- automation
- data driven decision making
- content
- customer experience
- IT architecture
three steps of developing a digital strategy?
- define where the value is
- design pilots and build a digital roadmap
- transform to capture value from digital
what is meant by “define where the value is” in digital?
hack business model to idnetiy were and how to make money
apply VC approach to size value
- evaluate options to digitize
- generate adn size new ideas
- perform competitive scan
what is meant by “design and build a digital roadmap” in digital?
war game like an attacker to define actions
architect digital roadmap
what is meant by “transform to capture value from digital” in digital?
transform and or build the org
create strategic partnerships
