Digital Transformation of Business and Industrial Organizations - Subject Update

What is Management? A New Look:

Management Definition – Narayana Rao

Management of an organization is the process of establishing objectives and goals of the organization periodically, designing the work system and the organization structure, and maintaining an environment in which individuals, working together in groups, accomplish their aims and objectives and goals of the organization effectively and efficiently. (3rd December 2008)

Implications of the  Definition:

(i) Management is a process.
(ii) Management applies to every kind of organization, government, profit making, or nonprofit making.
(iii) It applies to managers at all levels in the organization.
(iv) Management is concerned with effectiveness and efficiency.

Video Explanation of  the  Definition

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2021

Mar 15, 2021  Montornès / Spain

Recognition for Industry 4.0 Leadership

World Economic Forum recognizes Henkel as frontrunner in the 4th Industrial Revolution for the second time

https://www.henkel.com/press-and-media/press-releases-and-kits/2021-03-15-world-economic-forum-recognizes-henkel-as-frontrunner-in-the-4th-industrial-revolution-for-the-second-time-1159800

2020
The state of digital transformation in 2020
The lessons learned from a decade of digital transformation provide a roadmap for those embarking on their own initiatives. CIO, Computerworld, CSO, InfoWorld, and Network World team up to dissect that legacy from every angle.   
Eric Knorr, Editor in Chief, CIO | 13 JANUARY 2020
https://www.cio.com/article/3513849/the-state-of-digital-transformation-in-2020.html


2019



2019 McKinsey - Top 10 Digital
https://www.mckinsey.com/~/media/McKinsey/Email/Top-Ten/2019/2019-12-23a-TopTen.html

EDITORS' PICK- Dec 16, 2019,
100 Stats On Digital Transformation And Customer Experience
Blake Morgan
https://www.forbes.com/sites/blakemorgan/2019/12/16/100-stats-on-digital-transformation-and-customer-experience/#68dd47b83bf3

A winning operating model for digital strategy

January 2019

• Four important areas in how companies with the best economic performance approach digital strategy,
• The best performers have increased the agility of their digital-strategy practices, which enables first-mover opportunities.
• They have taken advantage of digital platforms to access broader ecosystems and to innovate new digital products and business models.
• They have used M&A to build new digital capabilities and digital businesses.
• They have invested ahead of their peers in digital talent.

https://www.mckinsey.com/business-functions/mckinsey-digital/our-insights/a-winning-operating-model-for-digital-strategy

Five moves to make during a digital transformation

April 2019

• Ruthlessly focus on a clear set of objectives
• Be bold when setting the scope
• Create an adaptive design
• Adopt agile execution approaches and mind-sets
• Make leadership and accountability crystal clear

Looking ahead

• Raise the bar on leadership alignment and commitment.
• Build in flexibility with clearly defined handoffs.
• Enforce survival of the fittest among digital initiatives.

https://www.mckinsey.com/business-functions/mckinsey-digital/our-insights/five-moves-to-make-during-a-digital-transformation

Digital transformation: Improving the odds of success
October 2019
Our latest research shows that exceptionally effective digital transformations are distinguished mostly by the practices that executives choose to follow.  Emerging from that analysis were five thematic groups of practices that particularly move the performance needle.

• Laying out clear priorities.
• Investing in talent—especially at the top. 
• Committing time and money. 
• Embracing agility.
• Empowering people.

https://www.mckinsey.com/business-functions/mckinsey-digital/our-insights/digital-transformation-improving-the-odds-of-success

Top 10 influencers in digital transformation you should follow in 2019

Dez Blanchfield – Chief Data Scientist, Gara Guru
Ken Bonifay – North America Sales Leader – Financial Services Market, IBM
Sally Eaves – Member, Forbes Technology Council
Antonio Grasso – Founder & CEO, Digital Business Innovation Srl
Dr. Robin Kiera – Speaker, Thought Leader, Storyteller, DigitalScouting.de
Joe McKendrick – Analyst and Contributor, CBS Interactive, Forbes, Information Today
Mike Quindazzi – Managing Director US Digital Alliances, PwC
Jacqui Shawley – Global Market and Offering Manager, IBM Z
Ronald van Loon – Director, Adversitement
Helen Yu – Founder & CEO, Tigon Advisory Corp.
https://www.ibm.com/blogs/systems/top-10-people-digital-transformation-2019/

Are your operations adapting as fast as your markets are changing?
https://www.ey.com/en_gl/tmt/are-your-operations-adapting-as-fast-as-your-markets-are-changing

2018

January

Digital Transformation - Principles, Strategies and Rules


Digital Supply Chain at Corning - Lora Cecere
https://www.slideshare.net/loracecere/corning-presentation-from-the-supply-chain-insights-global-summit-2018

Advice and Suggestion from Jeff Immelt -
Leaders must act as Systems Thinkers in Digital Transformation.

Leaders have to understand how cyber - physical systems in combination deliver value to customers.

Marketing chain and Supply Chain are to be integrated and cyber - physical systems exist in both the chains. Digital and Physical systems and people have to work in combination and deliver value to customers. Leaders and managers have to first visualize and design the work system.


https://www.linkedin.com/pulse/leaders-must-act-systems-thinkers-digital-jeff-immelt

Transform Your Business to Compete in the Digital Age

Columbia Business School
uploaded 19 January 2018
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#207: Digital Transformation and disruption in the Insurance Industry, with UNIQA Insurance Group

https://www.youtube.com/watch?v=0LMVDRD5ihw

Transcript:  https://www.cxotalk.com/episode/digital-transformation-insurance-industry-uniqa-insurance-group

2017

KPMG declared leader in digital transformation consulting
Jul 12, 2017

KPMG was recently named a leader in the IDC MarketScape awards titled “Worldwide Digital Transformation Consulting and Systems Integration Services 2017 Vendor Assessment”. The award process noted that under times of turbulent change and economic challenges many firms around the world were calling upon KPMG to help them through the process challenges. KPMG have been identified for their strength in aiding organizations to begin the transformation process, and the disruptions this can bring, while maintaining their place within a competitive market.
http://www.digitaljournal.com/business/kpmg-declared-as-a-leader-in-digital-transformation-consulting/article/497459


Evolve Or Die: Why Digital Transformation Is More Important Than Ever
Four areas of focus for Digital transformation
http://www.brandquarterly.com/evolve-die-digital-transformation-important-ever

Davos 2017 - Preparing for the Fourth Industrial Revolution

World Economic Forum
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Published on 19 Jan 2017
http://www.weforum.org/
What is needed from the public and private sectors to ensure that the Fourth Industrial Revolution benefits all of humanity?

- Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries, India
- Mary Barra, Chairman and Chief Executive Officer, General Motors Company, USA
- Marc R. Benioff, Chairman and Chief Executive Officer, Salesforce, USA; Young Global Leader Alumnus
- Shu Yinbiao, Chairman, State Grid Corporation of China, People's Republic of China
- Vishal Sikka, Chief Executive Officer, Infosys, USA

Chaired by
- Ngaire Woods, Dean, Blavatnik School of Government, University of Oxford, United Kingdom

Davos 2017 - Press Conference: The Digital Transformation of Industries

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World Economic Forum,  Published on 19 Jan 2017
http://www.weforum.org/

The World Economic Forum launched the multi-year Digital Transformation of Industries Project in 2015 in partnership with Accenture. The project looks at how digital technologies like machine learning, cloud computing, and the internet of things are changing existing industries and creating entirely new ones. It makes recommendations to incumbents on how they can thrive in the new digital environment.

There are now hundreds of startups attacking traditional markets as a result of the democratization of technology, increased access to funds and a rising entrepreneurial culture. Start-ups are achieving scale far quicker than analogue companies ever did. Average Fortune 500 companies took 20 years to reach a market cap of $1 billion, Google managed it in eight years, and the likes of Uber, Snapchat and Xiaomi in three years or less. 88% of Fortune 500 companies from 1955 – 2015 no longer exist. Digital disruption has been a major driver of this, consequently Fortune 500 companies must use their considerable resources to fight off the attacks of leaner challengers and remain relevant in a digital age.

- Bruce Weinelt, Head of Digital Transformation, World Economic Forum
- Peter Lacy, Global Managing Director, Strategy and Sustainability, Accenture
- Stephanie Linnartz, Global Chief Commercial Officer, Marriott International Inc.
- Jean Philbert Nsengimana, Minister of Youth and Information Communication Technology,        Ministry of Youth and Information and Communication Technology of Rwanda

Moderated by
- Alem Tedeneke, Media Specialist, World Economic Forum LLC

2016


3 Industries That Will Be Transformed By AI, Machine Learning And Big Data In The Next Decade
Bernard Marr
SEP 27, 2016
Healthcare - Finance - Insurance

https://www.forbes.com/sites/bernardmarr/2016/09/27/3-industries-that-will-be-transformed-by-ai-machine-learning-and-big-data-in-the-next-decade/#2104a850183e


Acting on the Digital Imperative - BCG

SEPTEMBER 12, 2016
By Ralf Dreischmeier , Karalee Close , Thomas Gumsheimer , Peter Hildebrandt , and Adal Zamudio
https://www.bcg.com/publications/2016/technology-digital-strategy-acting-on-digital-imperative.aspx

Digital Transformation Playbook

Prof. David Rogers, Columbia Business School
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June 2016, Columbia Business School

https://cup.columbia.edu/book/the-digital-transformation-playbook/9780231175449

The Digital Imperative  - Article by BCG

By Ralf Dreischmeier , Karalee Close , and Philippe Trichet
MARCH 2, 2015
https://www.bcg.com/publications/2015/digital-imperative.aspx



Updated on 2021 - 23 March

2020 - 15 June

2019  27 December 2019,   11 August 2019, 31 May 2019
2018 - 3 February 2018,   25 January,  19 January


 25 November 2017,  26 August 2017,   22 August 2017, 7 June 2017, 14 April 2017