Orchestrating Digital Business Transformation
To address these questions, we are launching a new research project we refer to as “Digital Orchestra.” Just as conceiving of digital disruption as a vortex helped us explain how disruption changes the nature of competition, the analogy of an orchestra illustrates how to execute a digital transformation.
To thrive amid digital disruption, a company’s executives must answer fundamental questions about the value they want to create – and their strategic options for getting there. By answering these questions, they set the strategic direction, the execution of which will require significant changes across many aspects of the business. These parts of the business – the company’s operating model – constitute the “orchestra.”
To learn more about the Digital Orchestra, read the full report.
Research Information & Knowledge Hub for additional information on IMD publications
in International Journal of Forecasting October-December 2023, vol. 39, no. 4, pp. 1874-1894, https://doi.org/10.1016/j.ijforecast.2022.09.005
in I by IMD Magazine September 2023, no. 11, pp. 28-31