To reimagine your business you need to invest in technological transformation of increasingly larger scale.
A successful digital transformation is difficult to deliver but six in ten CEOs say they are under pressure to produce results. Transforming your company requires the right combination of culture, processes, and new technology. Many CEOs have doubts about the strategies and have a hard time determining if they’re effective.
There are three transformation models:
- Cloud transformation
- Digital transformation
- Operations transformation
Although these models offer distinct challenges, they are alike in many ways. They all require a strategic vision, financial growth, and an agile and responsive organization.
A smart CEO turns to his CTO to define solutions and guide the company through all the steps to success. They can’t do it alone.
The keys to solutions are:
- Strategy development
- Change management
- Technology implementation
- Delivering value
FAQ
What can a CEO do to feel confident about their company’s ability to transform?
Be warned, the transformative process can take twice as long that be more expensive that originally estimated. It is important to have executive sponsorship and organizational alignment with resources dedicated to tasks, and integration. If you have these, then feel good to proceed.
Why is a transformation office unique?
A transformation office maintains focus on outcomes to improve time to value. The entire organization must be prepared to succeed in the new model being designed. New operations and job descriptions will be created and people need to clearly understand their role. The transformation office provides a 30,000 foot view of components of the transformation to create alignment and a shared vision. It also strives to promote innocation at a lower level.
Why is having a defined vision critical to your success?
Without a clear vision integration of all components can fail, running a transformation off its tracks. Without vision from company leaders, it is not possible to create a common understanding within the employees. The roadmap has to be drawn for staff to traverse.
What is common to overlook?
Governance and control. Without a control model, change and decision making collide. Make sure people have explicit authority to create the solutions they need. Assemble the right talent including external resources.
Do you need an experienced partner in the process?
Yes, especially if you don’t have an onboard CTO. Without guidance you will fall victim to many commonly avoidable mistakes.