Digital Transformation

Journey

Is Digital Transformation the right strategy to follow?

There are literally 100s of strategy frameworks that have been developed by various strategists, academics, and consulting firms over the years.  The Strategy Framework Canvas is a unifying choice framework that guides us in selecting the appropriate strategy for the circumstances at hand and execute it effectively.

In the Strategy Framework Canvas, there are 5 archetypal approaches to strategy:

  • Classic

  • Adaptive

  • Visionary

  • Leader

  • Renewal

Strategy Framework Canvas (SFC) 

Business environments differ along 3 distinct dimensions:  Predictability (can we forecast it?), Malleability (can we shape it—either alone or in collaboration with other organizations?), and Harshness (can we survive it?).  Using these dimensions, we can create a matrix that reveals the 5 distinct environments:

Current Economic and Business Environment Conditions

In the harsh conditions of the current economic and business environments, every organization needs to:

  • First conserve and free up resources to allow for its viability.  

  • Then, it can go on to select one of the other 4 approaches to rejuvenate growth.

So most organizations would be looking at:

  • Turnaround Strategies

  • Digital Transformation Strategies

Turnaround Strategy

Turnaround strategy can be defined as a corporate practice designed and planned to protect (save) a loss-making company and transform it into a profit-making one.”

Turnaround strategy is an analytical approach to solve the root cause failure of a loss-making company to decide the most crucial reasons behind its failure. Here, a long-term strategic plan and restructuring plans are designed and implemented to solve the issues of a sick company

Digital Transformation Strategy

Digital transformation is the integration of digital technology into all areas of a business, fundamentally changing how you operate and deliver value to customers. It's also a cultural change that requires organizations to continually challenge the status quo, experiment, and get comfortable with failure. 

Our digital transformation strategy consulting services covers:

  • Business Models

  • Business Drivers Levers

  • Business Enablers levers

Ionology Digital Transformation Framework

We have partnered with Ionology use Ionology adopting their leading Digital transformation framework to:

  • Identify opportunities for growth

  • Identify opportunities for innovation

  • Identify new sales opportunities

  • Employ the most effective marketing tactics for your business

  • Understand if and how you can take on your digital competitors

  • Identify capability gaps

  • Select or create the right technology to deliver transformation

  • All using data driven decision making.

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