Major HBR cases concerns on a whole industry, a whole organization or some part of organization; profitable or non-profitable organizations.
How far will leaders leap ahead? Digital transformers know that digital isn't just a tool for improving business efficiency but something more profound.
Overview Accenture commissioned a survey of 1, C-suite executives or board members from 20 countries representing 12 major industries on the prospects for the global economy and how digital transformation is impacting their core industry and the way they run their businesses.
The research reveals that some companies are intensifying their efforts to drive digital transformation and accelerate ahead of their peers by emphasizing growth as the focus of their investments. Make digital the linchpin of your strategy Every business is becoming a digital business and change is coming fast.
Learn how leaders are leaping ahead of the competition: They understand what digital can do for their businesses and that it is not just a tool for improving business efficiency but something It transformation at accenture profound. Digital transformers exist in every industry and geography.
Their ambitions and investment plans set the pace, and their actions should become a core expectation for any future business strategy.
They plan to invest more than their peers in the areas seen as important for digital transformation. Some of the key findings are: Digital transformers focus nearly twice as much of their digital investments on growth 40 percent as digital followers 23 percent.
Digital transformers expect to excel in areas that illustrate this growth focus: Digital transformers consider the full range of digital technologies to be very important, in some cases nearly double to the digital followers.
They have planned for significantly higher levels of total capital and intangible investments accordingly. Disruption will be created for midsized companies by both large and small companies. There is a real appetite for digital transformation across the major geographies.
A majority of respondents across all regions expect complete or significant transformation from digital technology. Moreover, it is digital technology that enables these markets to change the nature of competition across industries.
Previously, transformation initiatives were largely driven from the inside-out—with processes such as Lean Six Sigma, Zero-based budgeting, Business Process Reengineering starting deep inside the organizations until their successes were obvious and then copied by their competitors. Because this approach clearly threatens companies' long-held market positions, the best strategy to stay ahead of the competition is to adopt a consumer or outside-in view.
This approach provides growth opportunities that are greater than traditional market definitions. Digital channels and social solutions make decisions and actions visible to everyone.
This also motivates companies to eliminate latency, break out of the traditional market cycle, and allows them to respond to evolving customer needs and feedback at lightning speed.
Recommendations While Accenture strongly recommends that organizations embed digital transformation as part of their core business strategy, there are companies that get stuck in the middle. Somewhere between improvement and transformation, they lack clarity as to what to do.
Competition How do others view digital transformation? What threats does digital pose to our business? How could competitors use it against us?
How could digital capabilities pull us ahead of our competitors? Which new competitors are using digital to go after our customers? Which of them are succeeding at this? How are they doing it? What new products and services should we create with digital technologies?Accenture has a track record of IT transformation experience that helps organizations swiftly find value—most organizations can expect reductions of 20 percent to 40 percent of their overall IT costs.
The Global Commission on the Geopolitics of Energy Transformation, is an independent initiative that was launched during the IRENA Assembly in January Digital transformation is a foundational change in how an organization delivers value to its customers.
Here is what digital transformation entails — and how to tell whether your organization is. Our Digital Transformation Initiative is driven by a desire to change lives, create value for business, and unlock societal benefits.
Learn more at Accenture. Strategic IT Transformation at Accenture Harvard Case Study Solution and Analysis of Case Study Solution & AnalysisIn most courses studied at Harvard Business schools, students are provided with a case study.
Major HBR cases concerns on. In Accenture took the bold step of separating from its parent, Arthur Andersen. The new firm that emerged had a bright future ahead, but it also faced t.