Ego, fear of failure and a reluctance to admit ignorance can hamper an executive’s digital education and their firm's business transformation.
Many CEOs have been successful in their traditional industries where technology was simply something that kept the lights, and was seen to by the CIO. But the world has moved on, and digital is key to redefining both business and revenue models, which should involve the CEO and CFO.
The world's shift is so extensive that no CEO can afford not to move with these changing times and become more educated about innovation and digital business transformation. They need to learn how to leverage the new breed of strategic transformation management tools such as the Business Transformation Management Methodology and the Digital Capability Framework, and the new wave of transformation management expertise.
Listen to David Krantz, CEO of YP (formerly Yellow Pages) explain how YP reinvented their business.
Listen below to Mphasis CEO Ganesh Ayyar and Wharton professor and leadership expert Michael Useem discuss the challenges facing the CEO’s digital education.