Digital technologies are forcing an unprecedented pace of change for business. If you don’t get on board now, you risk being left behind! To determine whether your business is on track to becoming a Digital Business, you need to ask these five questions:
- Do you proactively monitor the industry changes that are affecting your business?
Use web based tools to help track the impact that converged technologies are having on all aspects of your business, such as customer behaviors, new suppliers, technology trends etc. This approach will give you a holistic perspective of your industry and enable you to identify strategic options ahead of your competition.
- Do you encourage collaborative behaviors within your organization?
It is crucial that your company provides the tools and environment that enable the sharing of knowledge and information in order to tap into one of its most valuable attributes – the tacit knowledge of your employees.
- Do you regularly engage with communities external to your company?
It is essential to adopt a digital mind set and rethink how your business can more effectively engage (interact, listen, learn and co-create) with the rapidly growing collective knowledge base outside of your company in order to understand changing customer requirements, generate new ideas and gain important feedback.
- Do you disrupt your business model?
Traditional business models, tools and methodologies do not adapt well to the opportunities and threats encountered in today’s digital world. First you need to understand how the individual elements of your existing model work together and then take full advantage of digital technologies to create a disruptive new business model – before your competition does it for you!
- Do you inspire your employees to bring innovation into the workplace?
You need to encourage your employees to leverage the mobile and social technologies that they use in their everyday lives to generate innovative ideas that will enhance, simplify and accelerate the business processes within your company.
We at KeySo Global have developed frameworks and tools that can help you rapidly adapt to changes in the digital environment. We have assisted companies by designing and implementing development programs that produce dynamic digital strategies. Contact us at 847-478-1633 or firstname.lastname@example.org to set up an initial meeting and we’ll help you discover your digital path to success!