A true business transformation—enabled by digital possibilities—requires a vision that only the CEO can provide In my previous article, “Dissecting digital disruption: the imperative of digital literacy for today’s CEOs,” I explored how the rapid pace of technological evolution is reshaping industries globally. This piece serves as a sequel, focusing on how corporate executives can practically lead digital transformation within their organisations. We live in what many now call a BANI (Brittle, Anxious, Nonlinear, and Incomprehensible) world, where the pace of technological advancement is exponential. Every 18 months, computing power doubles, data generation skyrockets, and global connectivity intensifies. These forces are disrupting traditional business models, creating both immense challenges and unprecedented opportunities. However, many leaders fail to recognise the magnitude of these changes until it’s too late. Reimagining the business model: The CEO’s mandate In these disruptive times, business models that once thrived in more stable environments are proving inadequate. While businesses are adept at handling continuous or incremental change, they often falter when faced with episodic or disruptive change. The reality is that disruptive changes require more than incremental adjustments—they necessitate the creation of entirely new business models. Reimagining your business model starts with a CEO-led initiative that […]
CEO’s model for digital transformation: Reimagining your business
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