Business leaders have realized that they must take risks to be on top of their game. Additionally, in a recent study, Gartner indicates that over 57 percent of board executives have improved their risk appetite this year. So, IT leaders must create a digital transformation strategy that minimizes risk and provides profitable outcomes for the company. In this article at ZDNet, Mark Samuels shares four ways tech leaders can prepare their companies for digital transformation strategy execution.
Creating a Digital Transformation Strategy
Have Your Team’s Back
Markerstudy Group’s head of IT at insurance company Adam Miller says you must know your team members well to make foolproof decisions. When you make decisions based on the team’s input, they feel empowered. If your team members see that you are backing them for the digital transformation strategy, their bond will strengthen.
Be a Life-Long Student
Lisa Valentino, executive vice president at Disney Advertising Sales, states that leaders must continually grow. Be curious and learn the current trends from your network and trusted colleagues. Staying updated in all business spheres allows you to take bold steps forward.
Accept New Ways of Doing Business
The business world is changing at a rapid pace. Encourage your team members to contribute to the digital strategy if you want to keep up. Remove corporate hierarchy when it comes to innovative ideas. However, Trainline CTO Milena Nikolic adds leaders must ensure that the decision-makers are responsible for the results.
Share Accountability for the Digital Transformation Strategy
Milton Keynes University Hospital NHS Foundation Trust CTO Craig York remarks that you must know how to transfer accountability. You cannot be involved in every little decision people make throughout the day. Delegation can help your team play a more decisive role while planning the strategy in the near future.
To view the original article in full, visit the following link: https://www.zdnet.com/article/managing-change-is-hard-heres-how-to-make-big-business-decisions/
