Monday, January 3, 2022

g-f(2)781 THE BIG PICTURE OF THE DIGITAL AGE (1/3/2022), HBR, The CEO’s Playbook for a Successful Digital Transformation




ULTRA-condensed knowledge


"g-f" fishing of golden knowledge (GK) of the fabulous treasure of the digital ageDigital Transformation, CEO’s Playbook (1/3/2022)  g-f(2)426 


OPPORTUNITY, HBR  

EXCEPTIONAL “Full Pack Golden Knowledge Container”

Digital transformation is not a destination; it’s a permanent state of evolution.


  • The point isn’t to become digital; it’s to generate value for the business. And that can only happen if CEOs act as digital guardians of their companies’ transformations, and are clear on how they can best effect the change that will embed digital DNA into their organizations. A crucial characteristic of successful digital CEOs is that they can step back far enough from their current business to reimagine where transformative — not incremental — value is possible.


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References




ABOUT THE AUTHORS


Dennis Carey


Dennis Carey is the vice chair of Korn Ferry. He is the coauthor of seven books, including Talent, Strategy, Risk: How Investors and Boards Are Redefining TSR (Harvard Business Review Press, 2021) and Talent Wins: The New Playbook for Putting People First (Harvard Business Review Press, 2018). He has recruited for boards and CEOs across the U.S.


Ram Charan


Ram Charan advises the CEOs and boards of some of the world’s biggest corporations and serves on seven boards. He is the author or coauthor of many books, including Talent, Strategy, Risk: How Investors and Boards Are Redefining TSR (Harvard Business Review Press, 2021) and Talent Wins: The New Playbook for Putting People First (Harvard Business Review Press, 2018).


Eric Lamarre


Eric Lamarre is a senior partner in McKinsey’s Boston office and leads the Digital Practice for North America.


Kate Smaje


Kate Smaje is a senior partner in McKinsey’s London office and co-leads the Digital Practice.


Rodney Zemmel


Rodney Zemmel is a senior partner in McKinsey’s New York office and co-leads the Digital Practice.



Extra-condensed knowledge



Lessons learned, HBR

Focus energies on five areas of the playbook 


By focusing their energies on five areas of the playbook, CEOs can accelerate successful digital transformations.
  1. Reimagine value and demystify digital.
    • The point of a digital transformation isn’t to become digital; it’s to generate value for the business.
  2. Give a reason for top talent to come work for you.
    • Hiring new talent is one of the fastest ways to accelerate a digital transformation. Successful CEOs are instrumental in helping the organization focus on what really motivates top talent, adjusting the company’s culture and approach to appeal to them.
  3. Bring tech and data front and center.
    • While CEOs shouldn’t be expected to be tech experts, the most successful ones prioritize tech and data in two ways: First, they focus on how to apply tech and data to solve business problems or crack open opportunities. Second, successful CEOs make big organizational changes to ensure that tech and data are embedded into the DNA of the business. 
  4. Rebuild the operating model for speed.
  5. Commit to adoption of digital solutions with the same passion that you commit to strategy.
    • The digital CEO is as passionate about adoption as they are about strategy. Making digital “stick” at scale is hard to do, however, because of the far-reaching knock-on effects of digital platforms, and the need to continually recalibrate and realign across the entire business system to capture the full gains.



Condensed knowledge




Lessons learned, HBR 

Digital transformation is the CEO’s job 


  • Only the CEO can make the fundamental changes required for a successful transformation. That’s because a business model reinvention requires different functions across the organization to work together in new ways, and that can only happen by making large-scale investments and large-scale changes that start from the top down.
  • Our experience working with more than 100 large incumbent companies on their digital transformations over the past 10 years has shown that there is a playbook for success. 



Some relevant characteristics of this "genioux fact"

  • Category 2: The Big Picture of the Digital Age
  • [genioux fact deduced or extracted from HBR]
  • This is a “genioux fact fast solution.”
  • Tag Opportunities those travelling at high speed on GKPath
  • 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.


References


“genioux facts”: The online programme on MASTERING “THE BIG PICTURE OF THE DIGITAL AGE”, g-f(2)781, Fernando Machuca, January 3, 2022, blog.geniouxfacts.comgeniouxfacts.comGenioux.com Corporation.


ABOUT THE AUTHORS


PhD with awarded honors in computer science in France

Fernando is the director of "genioux facts". He is the entrepreneur, researcher and professor who has a disruptive proposal in The Digital Age to improve the world and reduce poverty + ignorance + violence. A critical piece of the solution puzzle is "genioux facts"The Innovation Value of "genioux facts" is exceptional for individuals, companies and any kind of organization.




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