Digital Transformation Planning
Digital transformation planning is the process of developing a living story that helps you to engage business and functional leaders in a strategic planning conversation. The goal is to develop a clear strategic plan with a roadmap of initiatives to execute that are prioritized according to business cases and corporate priorities.
There are four main focus areas of digital transformation that may be prioritized in your strategy. These include the transformation of operational processes, business models, competence domains, and cultural or organizational foundations. Often a planning initiative will focus on one of these areas. However, since the areas are mutually supporting they must all be considered to a greater or lesser extent
A sound digital transformation plan captures five key elements:
- Prioritization of business objectives and underlying pain points or opportunities
- Assessment of IT and business capabilities
- Definition of enabling capabilities and initiatives
- Identification of key performance indicators (KPIs) to measure results
- Evaluation of cross-enterprise dependencies and risks
Engagements can be short (within one month) or long (several months) depending on the objectives and scope.
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Who is this for?
Seniority: C (e.g., CFO, President), C-1 (e.g., vice president, global head of X), C-1 (e.g., vice president, global head of X)
Function: Business Leadership (e.g. P&L ownership), Strategic (e.g., strategy, M&A, corporate venture), Operational (e.g., production, maintenance, logistics)
- Gain clarity and alignment across the organization about priorities.
- Define a clear path to achieve goals and set realistic milestones to measure progress.
- Identify competence gaps or external risks that could threaten results, and define approaches to resolve these risks.
- Establish clear responsibilities for the implementation, operations, and oversight of each initiative.