This content is based on David Rogers’ books. Mr. Rogers is a global celebrity, and his books have been translated into several languages. He stated that digital transformation isn't just about implementing new technologies and changing business strategies. The fact is that the digital age is forcing businesses to adapt their strategic mindset, and it has five core domains: From mass market to dynamic network: Go from mass market to dynamic network. Knowing your customers beyond the initial purchase is vital, as is leveraging their influence and co-creating value with them. Comparing competition within defined industries to competing across fluid, overlapping sectors is essential. Consider partnerships and collaborations, not just products. During the digital transformation, companies have gone from expensive, siloed data to abundant, interconnected data. The high management has to analyze big data for actionable insights and turn it into strategic assets. Intuition-based decisions to rapid prototyping and data-driven experiments. Continuously test, learn from failures, and iterate fast. The value proposition goes from static to constantly evolving to meet customer needs. Discover new customer needs and evolve your business model by proactively adapting the value proposition. Here are some practical tools and frameworks: Engage your customers and empower them. I am managing platform ecosystems. Data can be turned into business value. Structured experimentation drives innovation. Make sure you're constantly adapting and evolving. Digital transformation requires a holistic approach integrating customers, competition, data, innovation, and value. Ensure your business is ready for digital transformation and implement strategic changes to thrive. If you want to delve into Digital Transformation, I highly recommend reading David Rogers’ books. You can find them on Amazon or other platforms: https://lnkd.in/ekDRnYF2 David Rogers
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"The digital transformation wave, often called "digital transformation," is a profound shift in how businesses operate... far more than just a trendy buzzword. It encompasses a wide range of activities aimed at integrating digital technologies into every facet of a business." - Saju Joseph, from the book "Small Scale, Big Impact: Digital Transformation Roadmap for Small and Medium-Sized Businesses" Purchase Book on Amazon - https://amzn.eu/d/1q0jJoT
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"The digital transformation wave, often called "digital transformation," is a fundamental concept in today's business landscape. It represents a profound shift in how businesses operate, brought about by the rapid advancements in technology and the ever-changing expectations of consumers." - Saju Joseph, from the book "Small Scale, Big Impact: Digital Transformation Roadmap for Small and Medium-Sized Businesses" Purchase Book on Amazon - https://amzn.eu/d/1q0jJoT
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Evolutionary marketing focuses on improved adaptability and enhanced ROI through a customer-centric approach to building relationships for long-term sustainable success. Learn more about an evolutionary approach at: https://shorturl.at/uyCE9 EVOLVE FOR GROWTH: Leading Innovation with an Evolutionary Approach ... now on Amazon: https://amzn.to/3QY2ONB #GrowthMarketing #Evolutionary #GrowthStrategy #EvolveForGrowth
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"The digital transformation wave, often called "digital transformation," is a fundamental concept in today's business landscape. It represents a profound shift in how businesses operate, brought about by the rapid advancements in technology and the ever-changing expectations of consumers." - Saju Joseph, from the book "Small Scale, Big Impact: Digital Transformation Roadmap for Small and Medium-Sized Businesses" Purchase Book on Amazon - https://amzn.eu/d/1q0jJoT
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"Being Evolutionary" — a blueprint for success in the business world. It requires adaptation, innovation, and resilience. Using a test, measure, reflect, adjust, and adapt the way of operating to drive optimal results...Learn more about an evolutionary approach at: https://shorturl.at/uyCE9 EVOLVE FOR GROWTH: Leading Innovation with an Evolutionary Approach ... now on Amazon: https://amzn.to/3QY2ONB #EvolutionaryScience #BusinessRevolution #AdaptToThrive
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"Understanding Digital transformation is crucial. It’s far more than just a trendy buzzword. It encompasses a wide range of activities aimed at integrating digital technologies into every facet of a business to lead to substantial fundamental changes in how the company operates and delivers value to its customers." - Saju Joseph, from the book "Small Scale, Big Impact: Digital Transformation Roadmap for Small and Medium-Sized Businesses" Purchase Book on Amazon - https://amzn.eu/d/1q0jJoT
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Magic of Thinking Big. When we focus too narrowly, we may overlook alternative solutions, and ignore potential risks that hinder our personal or professional growth. Additionally, thinking small can make it difficult to adapt to change and compete in a rapidly evolving world. It's important to balance focused thinking with a broader, open-minded approach to ensure that we make the most of our capabilities and opportunities. Thinking big can have a magical effect because It pushes us out of our comfort zone, encouraging innovation and bold action. When we think big we set ambitious goals that inspire and motivate us to reach higher levels of success. It's like opening a door to endless opportunities and potential, which allows us to achieve things we might not have thought possible otherwise. A successful story of thinking big is the founding and growth of Amazon by Jeff Bezos. In 1994, Bezos left his job on Wall Street to start an online bookstore from his garage. His vision wasn't just to sell books online but to create the world's largest online retailer offering an extensive selection of products at competitive prices, delivered quickly and conveniently to customers' doorsteps. Bezos relentlessly pursued this vision, expanding Amazon's offerings beyond books to include electronics, clothing, household goods, and eventually, nearly everything imaginable. He invested heavily in technology and infrastructure, prioritizing long-term growth over short-term profits. Despite facing skepticism and challenges, such as the dot-com crash of 2000 and initial profitability struggles, Bezos remained committed to his big idea. His focus on customer satisfaction, innovation (such as Amazon Prime and Kindle), and expansion into new markets propelled Amazon's exponential growth. Today, Amazon is not only the world's largest online retailer but also a leader in cloud computing (Amazon Web Services), streaming services (Amazon Prime Video), and artificial intelligence (Amazon Alexa). Bezos's ability to think big, take risks, and execute his vision has made Amazon one of the most successful and influential companies in the world.
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Having a great idea, which would generate immense value to many, is a necessary starting point for building a big successful #business. But it is far from being sufficient. ? The idea will fail if even one necessary condition doesn’t apply. Thus, it is usually easier to learn from failures, rather than from big successes. Yet, learning the essence of predicting the perceived value of a new offering to the #market and how to connect it to the strategy from successes can be highly valuable. ? This article examines some critical points in the success of Amazon. The benefit is to be able to better assess the potential of ideas, hopefully also point to some of the other necessary elements for ensuring success. ? We also like to check how the Theory of Constraints (#TOC) insights and tools support shaping the ideas leading to identification of the other necessary elements for success. ? An important tool, developed by Dr. Eliyahu Goldratt, is the Six Questions, originally for assessing the potential value of new technology.?We use them to assess the potential value of new ideas for products or services: ? The Six Questions are: ? 1.????????What is the power of the new technology? 2.????????What current limitation or barrier does the new technology eliminate or vastly reduce? 3.????????What are the current usage rules, patterns and behaviors that bypass the limitation? 4.????????What rules, patterns and behaviors need to be changed to get the benefits of the new technology? 5.????????What is the application of the new technology that will enable the above change without causing resistance? 6.????????How to build, capitalize and sustain the business? ? You can read the whole article here (Eli Schragenheim): https://lnkd.in/gpcKuC45 ? #AgilePerformance #AURORA4Performance #MastersOfChange #ControllingTwoZero #FixTheFlowAndGrow #AURORA4Growth
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Unlock the secrets to revolutionizing your supply chain and building a Smart, Scalable Warehouse with KPMG and Microsoft. Discover how to optimize operations, reduce costs, and stay ahead of the curve. Don't miss this groundbreaking webinar - April 10th 12:00 - 1:00 ET - register now!
KPMG and Microsoft Webinar: Building a Modern, Smart Warehouse
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Unlock the secrets to revolutionizing your supply chain and building a Smart, Scalable Warehouse with KPMG and Microsoft. Discover how to optimize operations, reduce costs, and stay ahead of the curve. Don't miss this groundbreaking webinar - April 10th 12:00 - 1:00 ET - register now!
KPMG and Microsoft Webinar: Building a Modern, Smart Warehouse
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