Digital maturity is an essential trait for companies in today’s rapidly evolving business landscape. A key characteristic of digitally mature organisations is the propensity to develop leadership talent in-house. These companies are twice as likely to groom digital leaders from within, rather than seeking talent externally. This approach fosters a more cohesive digital strategy, as leaders who rise through the ranks have a deeper understanding of the company’s culture, history, and strategic goals.
Organisations with advanced digital maturity also tend to have more defined expectations of their leaders. These expectations often include being progressive, having a transformative vision, and fostering a culture of innovation. Such leaders are more likely to take risks and experiment, driving the company towards digital maturity.
The benefits of digital maturity are extensive. Digitally mature companies are 23% more profitable than their less mature counterparts. They also have a higher market valuation and better customer satisfaction scores. Cultivating digital maturity is not a quick process. It requires a long-term commitment from the entire organisation, starting from the top. With the right leadership in place, companies can make significant strides towards achieving digital maturity.
Go to source article: https://deloitte.wsj.com/cio/2018/09/13/homegrown-leadership-a-hallmark-of-digital-maturity-2/