Source | www.theceei.com | CEEI
The recent COVID-19 pandemic has accelerated the drive towards digital transformation across all sectors globally.
While most of the organizations getting aligned to work from home, most of the organizations have accelerated the digitization of their customer and supply chain interactions along with their internal operations.
Many recent studies have shown focus and intent of top management of organizations to embrace Digital as a key strategic lever to increase efficiency of business as usual as well as explore areas of disruption. While most of these digital decisions had to be accelerated due to the situation at hand, much more quickly that these companies would have anticipated, the Digital Way of doing business is here to stay.
As the world today is going through a Digital Tsunami, Digital is strategy!
If your company is also considering a Digital strategy and committed in allocating resources for using Digital as a key pillar for operational excellence and growth, these are the five key strategic traps that you would need to avoid: