Avoiding the Pitfalls of Digital Transformation
The ability to drive digital transformation will be one of the defining features that separate successful and struggling companies in the coming years. Yet, according to McKinsey, 70% of digital transformation efforts fail. Amongst the major reasons digital transformation initiatives fall short of their objectives are those that center around culture, people, and most importantly, leadership. As businesses continue to pursue their transformation agendas, it will be essential that they recognize the leadership challenges they will encounter and steps to take to avoid these hurdles that could lead to digital transformation failures.