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Digital Business Transformation – Tips for practitioners

For those interested we have compiled a number of simple recommendations for making a start on Digital Business Transformation.

  • Build up your know-how, get information on the subject from the web, the literature or the media and identify the best practices applied in larger companies from which you can learn.
  • Seek the opportunity to exchange views with colleagues who are also engaged in Digital Transformation.
  • Consult the advisory facilities offered by associations, chambers of industry and commerce or government bodies.
  • Secure the commitment of top management
  • Recruit employees and consultants who can advise you as you start out on Digital Business Transformation and can accompany you along the road.
  • Install a Digital Business Transformation Task Force which is cross-departmental and interdisciplinary and represents all relevant facets of your company/division
  • Draw up an inventory regarding strategies, culture, business model and processes for the company as a whole and/or individual company divisions
  • Define the KPIs and benchmarks which depict the status quo and render your progress measurable in the future
  • Evaluate the strengths and weaknesses of your organisation and the opportunities and risks in your market environment
  • Identify and prioritise the central fields of action and observe continuously the technological developments relevant to your company
  • Develop a vision and a goal-oriented strategy for your process of Digital Business Transformation for the company as a whole or selected company divisions
  • Determine the need for resources (budgets, know-how, technologies) and draw up a roadmap with central milestones
  • Establish your digital optimisation and innovation programme
  • Ensure there is regular monitoring of progress and render successes visible
  • Create a culture of enduring learning and ongoing change in which you should also include customers and partners. After all, technological development and its influence on your company will not stop there.

Find more and detailed information on Digital Business Transformation in our Management Report.