Digital transformation is an incredibly challenging process - and it’s no wonder so many organisations put their efforts into large scale digital initiatives without seeing any real success.
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A successful digital transformation process needs to be a thought out, organisation-wide program - and one that is rigorously measured as it progresses.
Digital transformation is key to pushing a business forward. When done correctly it’s invaluable in helping companies achieve growth and stay competitive.
One of the primary reasons a business fails is because they haven’t done enough research and lack a clear business model. Successful enterprises achieve their growth and profitability because they have identified and followed a sustainable growth strategy framework.
Recent events have highlighted that things can change rapidly overnight. To survive, businesses have had to quickly adapt and find new ways to work. This explains why, according to the IDC Worldwide Digital Transformation Spending Guide, the path to digital transformation (DX) has continued solidly - right through the recent pandemic.
The customer comprises the heart of your business. Pretty obvious, isn’t it? Without them, sales would not be made, no revenue would be generated and your business would not grow.
Recent events have highlighted the fact that things can change rapidly overnight. To survive, businesses have had to quickly adapt and find new ways to work. Which explains why, according to the IDC Worldwide Digital Transformation Spending Guide, the path to digital transformation (DX) has continued solidly - right through the recent pandemic. Make sure you check out our The Secrets To Effective Digital Transformation
Business growth and development can be looked at in various ways depending on the stage a company is in. Many startups see growth simply in terms of increasing their customer base. But in fact, business growth can also be achieved if existing customers can be encouraged to purchase more.
A business growth plan provides a timeline for next few years on how you’re going to increase revenue. It’s an outline for where you see your company in the next year or two. Growth planning is similar to business planning, however it tends to be more focused on near term profit generation and the actions you will need to take to achieve this. My guide to planning an unstoppable growth strategy covers the key elements to focus on when developing your business growth plan.
A growth consultant can be invaluable to your business growth, as they are impartial and will look at all areas of your business from top-level aspects including sales and marketing to environmental factors, for example market realities. They can allow you to focus on the core aspects of running your business whilst obtaining important insights to help you move your business forward.