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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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4 Actions Framework

Flevy

Opportunities for profits and growth diminish as the market space becomes increasingly congested. Products either transform into commodities or find their niche, leading to fierce competition that turns the industry into a battleground. Value Innovation lies at the core of this strategy, for which uncontested markets are shaped.

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Jobs-to-Be-Done (JTBD) Growth Strategy Matrix

Flevy

It allows organizations to place different segments of customers to be targeted for a value proposition in appropriate quadrants. Differentiated Strategy A Differentiated Strategy is used by many of the most successful and rapidly expanding businesses in the world, as it generates excessively high profits if executed well.

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Resource-Based View (RBV) and VRIN Framework

Flevy

However, with the advancement of technology, competition is becoming intense, work cultures are improving, and the workforce is getting increasingly competent to create better value propositions. Research by various academicians and researchers has suggested other models of gaining profitability and sustainable competitive advantage.

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Being more strategic – Case studies and insights (Ireland May 2023)

Red Star Kim

The figures for this year’s survey show Republic of Ireland fee income rose by 12 per cent in 2021, compared with just 1% in 2020 Finance-Magazine.com – Ireland’s top accountancy firms roar back to double-digit growth in 2021 Accountancies and Tax Consultants revenue is expected to expand at a compound annual rate of 1.3%

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Capabilities-driven Growth Strategy

Flevy

A value proposition reverberating with what customers need. Organizations should have the ability to transform ideas into a strong position, having a practical Business Model that is able to create revenue and profits in the long term. Top 100 in Digital Transformation. Near-market Opportunities.

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McKinsey’s Three Horizons of Growth

Flevy

emphasizing solely on new opportunities or future initiatives and neglecting the existing core value propositions. This is the initial growth horizon, which focuses on short-term growth (1-3 years) in maintaining and growing the margins and profits from existing, cash-generating core businesses. Averting common mistakes—e.g.,