Entrepreneurship in Digital Era – Digital transformation and its impact on business strategy Everybody seems to be talking about digital transformation these days. But what exactly is digital transformation and how does one go about implementing it? For this post, we have looked into the concept of digital transformation, its impact on businesses; the …
Buying into Cross-Functional Teams Ecosystems are critical to digitally maturing companies’ externally focused innovation activities. Internally, digitally maturing companies depend on cross-functional teams to advance their innovation efforts. Eighty-three percent of digitally maturing companies say they use cross-functional teams, compared with 71% of developing companies and 55% of early-stage outfits. The differences among maturity groups …
Partnerships and Digital Maturity Leaders across all maturity levels recognize the importance of partnerships to innovation, but only at the maturing level are organisations consistently cultivating them. (Percentage of respondents who agree or strongly agree) This gap does not exist because less mature companies fail to recognize the importance of partnerships to innovation. Nearly 80% …
Making Ethics Fundamental In March 2019, on the occasion of the World Wide Web’s 30th birthday, Sir Tim Berners-Lee, the inventor of the web, urged businesses to make ethical considerations fundamental to their product design. “Companies must do more to ensure their pursuit of short-term profit is not at the expense of human rights, democracy, …
Connecting Innovation with Digital Maturity The companies that were surveyed this year are classified into one of three digital maturity categories: Early (24%), developing (44%), and maturing (32%). Eighty-seven percent of digitally maturing organisations say they have moved closer to their ideal digital state over the past three years versus 60% of developing companies and …
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