Choosing the right ‘bite-size’ for digital transformation is vital. It’s a balancing act between ambition and feasibility. Large-scale transformations can be risky and complex, yet smaller ones may fail to deliver substantial results.
The ‘transformation bite-size’ refers to the scope and scale of change initiatives. It can range from minor adjustments to entire business-model overhauls. The right bite-size depends on the company’s circumstances, including its risk tolerance, capabilities, and the urgency of change.
Three types of transformations are: foundational, which involves improving existing processes; growth-oriented, which seeks to create new revenue streams; and dual, which combines the two.
The choice of transformation depends on various factors. Foundational transformations are often the first step for companies with low digital maturity. Growth-oriented transformations suit companies with high digital maturity, while dual transformations are for companies with moderate digital maturity that can manage risk and complexity.
The transformation journey requires a clear vision, strong leadership, and a focus on execution. It’s a continuous process that involves learning and adaptation. It’s crucial to maintain momentum and keep the organisation engaged throughout the journey.
The right bite-size for digital transformation is not a one-size-fits-all solution. It’s a strategic decision that requires careful consideration of the company’s specific circumstances.
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