Transform Your Leaders to Transform Your Business
In 2016, McKinsey research found that almost 70% of digital transformation efforts fail. A similar 2018 McKinsey report found that only 14 % of nearly 2000 executives said that their digital transformation efforts have delivered meaningful performance improvements, and only 3% report the changes being sustained over time. The 2018 Dell Digital Transformation Index found that worldwide, successful Digital Business Transformation, while a stated priority for CEOs, CIOs and CTOs, is not gaining the traction needed for legacy businesses to compete effectively against smaller, more focused insurgents and new entrant disruptors, putting legacy businesses at a significant disadvantage.
“Digital transformation is really about human transformation.”
— 7 Secrets for Getting Digital Transformation Right — CIO Magazine, 2017
Results from study after study show that developing, selecting and empowering C-level leaders who can inspire and direct collaborative, cross-functional teams is a prerequisite to success. For example, the Altimeter Group reports that over 50% of current ongoing enterprise-level DBT projects have a formal steering committee that combines cross-functional and interdepartmental members, and that C-level leaders see these diverse groups as key to changing mindset, behaviors and culture.
“ Digital is not just a thing that you can buy and plug into the organization…[i]t requires mixing people, machines, and business processes with all of the messiness that entails.’’
HDev coaches and consultants uniquely understand individual and cultural resistance to change in the context of executive performance, professional growth, and organizational culture, and know first-hand which capacities, capabilities and skills are needed for digital business success. Armed with C-level executive experience across a wide range of industries, HDev coaches can speak directly to questions of confidence, reputation, perception, power and authority, no matter the role, setting or stakes. Whether individual executive coaching, team coaching , transformational leadership development, or strategic digital business transformation strategy, HDev quickly assesses current capabilities, identifies gaps, develops scientifically sound action plans, and skillfully provides the teaching, training and support needed to achieve personal, professional and digital business success.
“We realized for our organization to move forward, in addition to a clear technical strategy, we needed to have a people strategy.’’
To learn more, contact HDev.