Sunday, March 28, 2021

g-f(2)182 THE BIG PICTURE OF THE DIGITAL TRANSFORMATION, 3/28/2021, HBR, Digitizing Isn’t the Same as Digital Transformation.




Extra-condensed knowledge




Genioux knowledge fact condensed as an image


Condensed knowledge


  • Winning in the post-Covid world will require re-imagining not just how you work, but also what you do to create value in the digital era. 
  • Now is the time for executive teams to step up, disrupt themselves, and become leaders in the digital age.
  • We’ve researched more than a dozen companies who have been hard at work to transform in this way since well before the pandemic struck.
    • Philips shed its foundational business (lighting) and evolved from manufacturing and distributing products at scale, to bringing together hardware, software, data, clinical expertise and AI-enabled insights to support the delivery of better quality and lower cost health care.
    • Microsoft achieved historic levels of cloud revenue growth from solutions such as supporting universities to move their entire “business” online.
  • Leaders who want to secure their organization’s future must:
    • Reimagine your place in the world, instead of focusing on digitizing what you already do. 
    • Create value through ecosystems, rather than trying to do it all alone.
    • Re-imagine your organization to enable a new model of value creation, rather than asking people to work in new ways within the confines of the old organizational model.

Category 2: The Big Picture of the Digital Age

[genioux fact produced, deduced or extracted from HBR]

Type of essential knowledge of this “genioux fact”: Essential Analyzed Knowledge (EAK).

Type of validity of the "genioux fact". 

  • Inherited from sources + Supported by the knowledge of one or more experts + Supported by research.

Authors of the genioux fact

Fernando Machuca


References


Paul Leinwand is the global managing director for capabilities-driven strategy and growth at Strategy&, PwC’s strategy consulting business. He is a principal with PwC U.S., an adjunct professor of strategy at the Kellogg School, and the coauthor of several books, including Strategy That Works: How Winning Companies Close the Strategy-to-Execution Gap (HBR Press, 2016) and the upcoming Beyond Digital: How Great Leaders Transform Their Organizations and Shape the Future. (HBR Press, 2021).


Mahadeva Matt Mani leads the transformation platform for PwC and Strategy&, advising executives on business model transformations and operational value creation and productivity programs. He is a U.S. principal currently on secondment to PwC Netherlands, and the co-author of the upcoming book Beyond Digital: How Great Leaders Transform Their Organizations and Shape the Future. (HBR Press, 2021)


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