100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Summary articles Business Architecture and Consultancy $7.06   Add to cart

Summary

Summary articles Business Architecture and Consultancy

 178 views  12 purchases
  • Course
  • Institution
  • Book

MAIN BOOK: Leading Digital: Turning Technology into Business Transformation ADDITIONAL ARTICLES: Dawson, Watson & Boudreau (2011). Information Asymmetry in Information Systems Consulting: Toward a Theory of Relationship Constraints Wu, Straub & Liang (2015). How Information Technology Governance M...

[Show more]

Preview 1 out of 42  pages

  • Yes
  • September 12, 2017
  • 42
  • 2016/2017
  • Summary
avatar-seller
CHAPTER 1
DIGITAL MASTERY
Leading Digital: Turning Technology into Business Transformation
CHAPTER 1: WHAT IS DIGITAL MASTERY
Digital masters have used digital technologies to transform the way they do business. Digital masters use
technology better than their competitors do and gain huge benefits. The benefits occur not only in visible
customer interactions, but also in less visible internal operations. These advantages are apparent in the
financials, as they are substantially more profitable than their peers.

Digital Masters excel in two different dimensions:

1. Digital capabilities: the what of technology

Digital Masters see new technologies (e.g. social media, analytics) as tools to get closer to customers,
empower their employees, and transform their internal business processes.

2. Leadership capabilities: the how of leading change

Leaders have to create a clear and broad vision of the future, start some critical initiatives, and then
engage their employees to build out the vision over time. The leaders stay involved throughout the
transformation to make the case for change, to drive the change forward, and to redirect activities and
behaviours that went against the vision. And they continually look for ways to extend the vision and
move the company to the next level of digital advantage. It
is top-down leadership, which requires strong governance
and coordination. It is very difficult to have all people
move in the right direction at the right place!

Both dimensions are important on its own. Together, they
make you a Digital Master.

FOUR LEVELS OF DIGITAL MASTERY
1. Beginners: many adopt a wait-and-see strategy,
trying to gain certainty before they act. Many
beginners use regulation or privacy as an excuse
for inaction.
2. Fashionistas: are not waiting to act. They invest in all sorts of digital technology, but they lack
strong digital leadership and governance. Therefore, they waste much of what they spend. For
example, companies that build collaboration platforms in different parts of the business using
different and incompatible technologies.

Page 1 of 42

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller TjeerdHoes. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.06. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

62555 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.06  12x  sold
  • (0)
  Add to cart