Surviving The Awkward State of Digital Transformation
Howard Tiersky
WSJ Best Selling author & founder of QCard, a SaaS platform designed to empower professionals to showcase their expertise, grow their reach, and lead their markets.
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There are many examples of long-tenured companies that are doing a fantastic job of adapting to the digital world: Disney, Nike, Verizon, The New York Times, Federal Express.
But it may be that your company still isn’t there yet. You may have lots of websites, apps, and technology, yet the total customer experience and business impact are still struggling to meet the expectations of today's digital customers.?
Don’t see that as a sign of failure. It’s a necessary step to getting where you need to be, and all the companies listed above went through it as well.??
CHANGE TAKES TIME
Most companies today are going through a digital transformation—seeking to become a brand that is truly relevant to today’s highly digital and rapidly advancing world.
And it’s natural when trying to transform from one thing to another, to go through an awkward stage where you are neither what you were nor what you are becoming.
I call this stage Digital Adolescence.
Everybody goes through adolescence as they transform from being a child to being an adult.?
For many people, when you are a child, life is good. Little kids are cute.?
And being an adult is great because you have so much more power and control over your life.
But in between—you’re an adolescent, and it can feel like you’re never going to be able to get through it: pimples, awkward growth stages, a squeaky voice, unfamiliar bodily features, and the need to develop new habits. Your whole focus of life changes as you go through adolescence, and for many, it’s an emotional and sometimes dark time as you figure out who you are going to be.
ON THE OTHER SIDE: AN EXAMPLE
Unlike human adolescence, whose pace is largely determined by genetics, enterprise digital adolescence can take longer or be accelerated based on our actions.
And when it starts to mature, the results can be incredible.
Look at inspiring examples of companies like Best Buy. Although they’ve not completely digitally transformed, you can really see the fruits of their labor.?
The investments that Best Buy has made in their digital platforms over the years have put them in the position of being one of the leading, most sophisticated digital e-commerce platforms that’s out there.
Best Buy not only made it easy for you to understand what products are available online and in what stores and search store inventory, they also created a fantastic method of exposing refurbished or returned inventory.?
The consumer electronics retailer was also one of the earliest and most successful at adapting to the whole curbside delivery model.
When the pandemic really first took off in March and April, Best Buy’s sales were down.?
But they were still at 81% of their sales year over year compared to the same period in 2019.?
That already was impressive. I know many businesses that would kill to have stats like that.?
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Then in May, June, and July, they were actually up YoY by 5.8%.
READY TO TAKE ADVANTAGE OF OPPORTUNITY
Of course, maturing into an adult doesn’t guarantee success in life, but a mature person is more ready to take on the world and the opportunities and challenges it throws at them.
You could say that Best Buy was in the right place at the right time because people have to adapt and work from home.?
No doubt, people wanted to invest more in home office technology.?
And because they’re not going on vacation, entertainment technologies became even more important.?
Furthermore, post-pandemic people are spending more time cooking at home so you have increased sales in kitchen appliance type products as well.
But remember, Best Buy is a business that’s classically a big box retailer—very traditionally dependent on the in-store sales experience.?
But it transformed to be in a position to take advantage of the opportunities presented.
Like Best Buy, companies that are in their digital adolescence can one day weather the digital world beautifully through a successful transformation.?
But that transformation won’t happen in weeks or months.?
It will take years and years of persistence before they can achieve that agility and flexibility to deal effectively with whatever may come.?
That’s the entire point of transformation, after all.
YOUR TURN?
Are you in your digital adolescence right now? If not, how did you get through it? I’d love to hear from you down in the comment section!
If you’re going through the awkward stage of digital adolescence yourself right now, you may want to check my Wall Street Journal bestselling book, Winning Digital Customers: The Antidote to Irrelevance, where I talk extensively about how companies can best move through this process of digital transformation and get themselves aligned with the world today. Get the first chapter for FREE here, or purchase the book here.
SUBSCRIBE to DX Weekly for more content each week to help you and your company succeed in the digital world.?
Howard Tiersky is the founder of FROM, The Digital Transformation Agency where he works with leading brands on digital transformation.
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Business Coach ?? I Help Coaches, Consultants, SME & Entrepreneurs to Grow Their Bizz Online ????????| Personal Growth Coach?? | TEDx Speaker ??| LinkedIn Wonder Woman ??♀? | AI Enthusiast | Visit LHMAcademia.com
2 年I can't wait to dive in! Thank you Howard Tiersky!
I help managers, leaders & consultants have more impact on business transformation.
2 年Great piece Howard. A lot of organisations are still finding their feet in their efforts at transformation. To be fair, no one (individual or organisation) gets good at anything in life without enough practice. Implementing new tech is one thing (companies have done that for decades) but doing it in new and innovative ways which create value that can be measured, managed and reported to the likes of the CEO and CFO is often still a missing piece in the big picture of transformation.
CEO @Tigon Advisory Corp. | Host of CXO Spice | Board Director |Top 50 Women in Tech | AI, Cybersecurity, FinTech, Insurance, Industry40, Growth Acceleration
2 年I like the concept of "Digital Adolescence", Howard. We can't expect things to happen without any investment when it comes to digital transformation. Companies need to reassess where they are at, reshape their digital strategy and focus on basic building blocks before diving into technology adoption.
Emergent Technology CTO | Global Strategy Advisor - Blockchain AI 5G IoT FinTech | Social Impact | Keynote Speaker and Author
2 年Insights packed Howard, could not agree more, the foundation to digital transformation, although enabled by the tech, it's always people factors! From buy-in, to culture, to skills - infact new research I was PI for (principal investigator, not detective!!) showed top 3 barriers to digital transformation were people related, especially skills accessibility and skills confidence. Happy to share more, S
President & Founder @ The AR-TAKEDOWN TOOL | Inventing Marketable Products
2 年Definitely a great read, Howard Tiersky. Thanks for sharing!