Important BCG Study reported in MIT Sloane Management Review details five critical success factors (CSF) in successful digital transformation.
- Efficiency AND investor expectations are key to short-term success i.e. cost-cutting is not enough
- Revenue growth primary driver long-term success
- Long-term strategy AND R&D investment vital
- New, external leadership improves odds of success
- Formalised transformation programmes helpful on;y as long as they have sufficient scope and scale
Wise to look at the detailed evidence that supports these and check your transformation projects against these CSFs
