Reorganization versus strategic transformation
Very often, companies have a reorganization at the beginning of the fiscal year, which moves people around. Some companies may undergo similar business restructuring in response to financial headwinds. Such changes are usually reactive and usually do not contribute significantly toward industrial digital transformation. On the other hand, strategic transformation is required to develop a culture of innovation and make it a part of the DNA of the company.
According to Innosight, the acid test for strategic transformation is the ability of the organization to do the following:
- Sustain the transformation and culture of innovation over a period of time
- Significantly improve the customer and stakeholder experience
- Attract and retain digital talent
- Influence the industry in a positive manner
Next, let's compare top-down and bottom-up digital transformation.
