One of the Biggest Digital Transformation Mistakes!

In two words, the mistake is:

“The SEQUENCE.”

Many CEO’s of small and medium size companies are told they can impact business growth by investing in new enterprise software applications. Unfortunately, research shows that approximately 68% of the enterprises that made digital investments in the last few years have still not been able to realize their desired objectives.

In many cases, companies will have difficulty reaching their growth objectives if they do not address all these 4 key contributors to growth, and in a very specific sequence:

1. Technology Infrastructure Modernization
2. Digital Transformation
3. Business Process Reengineering
4. Talent Optimization

Talent optimization is dependent on reengineering business processes, business processes cannot be optimized without digital transformation, and the performance of digital applications is dependent on a modernized technology infrastructure.

Since these 4 contributors are sequentially co-dependent, the success of a cohesive growth strategy has a much higher probability if they are implemented sequentially. However, it is critical that this roadmap be designed and planned, in advance, before implementation begins.

If your company fits into the 68% category and has not been successful at boosting productivity, increasing profitability, or driving growth, I would recommend that your leadership team make the time and the effort to design a comprehensive plan that considers “the sequence” and their co-dependencies.