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KPI Management: Digital Transformation Strategy KPIs

Flevy

We’ve living in the Digital Age. Pretty much every organization is pursuing a Digital Transformation Strategy to some degree. Digital Transformation Strategy encompasses the integration of digital technology into all areas of an organization, fundamentally changing operations and business models.

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KPI Library Resource: KPIs and Digital Transformation

Flevy

Having a centralized library of KPIs saves users significant time and effort in researching and developing metrics, allowing them to focus more on analysis, implementation of strategies, and other more value-added activities. * * * * Digital Transformation has ceased to be a mere option and has become a necessity.

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Customer Journey Mapping

Flevy

This helps in understanding the day-to-day activities that might influence purchasing decisions. Case Study Examples Retail Industry A large retailer utilized Customer Journey Mapping to redesign their online shopping experience. This data helps in creating a relatable character that mirrors a segment of the customer base.

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Resource-Based View (RBV) and VRIN Framework

Flevy

As per Pralahad and Hamel, distinctive competencies or capabilities of the organization make the key difference in achieving superior performance and competitive advantage. Informed Decision making by identifying unique resources and capabilities. This rarity of resources or capabilities make them hard to replicate.

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How 2 Brands Successfully Shook Up Their Sales Strategy

Hubspot Sales

Pivoting your sales strategy is a significant, difficult decision, but if your business needs new life, it might be the way to go. Up to that point, the company had invested mostly in its brick and mortar retail outlets, but that model had clearly run its course. The company also significantly stripped back its retail efforts.

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The VRIO Framework

Flevy

To make sense of this phenomenon, Jay Barney introduced the VRIO framework. A valuable resource must make a significant impact on an organization’s effectiveness or efficiency. This phase is crucial as it sets the stage for all strategic actions that follow, grounding decisions in solid, evaluative research.

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AI Has Taken the Boardroom by Storm. Here’s What You Must Know.

Planview

Those who fail to implement digital operating models will face huge competitive challenges. Amazon in retail, Uber in transportation, and ANT Financial in banking are examples of companies that have leveraged the digital operating model to grow exponentially. No “transformation” was required. Consider ANT Financial.