Digital Transformation

Since the goal of digital transformation is to create new and sustainable competitive advantages, a hesitation to appreciate and embrace what digital technologies can do to a business generally results in the opposite, i.e., a loss in market relevance and a decline in competitive advantages. Harnessing the power of technology, when done properly and with deliberate strategy, results in greater productivity. Thus, companies who act late in their digitalization tend to lose to competitors who are agile enough to transform themselves because they become more productive without having to invest more in human resources. There is also the tendency to lose market share because of the failure to gather relevant data and extract valuable analytics from its business operations.

Lately, I have been hearing from some C-Level executives about their apprehension regarding what they feel as the fast and accelerating rate of technological change. As a digital transformation and exponential growth specialist, I would like to understand more what these concerns are and where they are coming from. At the same time, I would like to share my experience working with some companies and leading them into crafting a digital transformation roadmap. Please share your thoughts about the matter by sending me an email at davidicgrowth [at] boogieboydon.com. Perhaps some of my experiences might even end up being responsive to some questions you may have in mind. You may also consult me for free. Just book a 30-minute consultation through this link: Free Consultation.

G.R.O.W.T.H. Targets – The Six Pillars of Davidic Growth

In the Davidic Growth Paradigm framework, growth happens when the organization looks at six pillars of growth targets. These pillars are best illustrated in the diagram shown above.

1. Governance Excellence – In order to survive and thrive in the new economy, the governance structure of an organization must rise to the challenge of having leaders that can pave the way for digital and exponential transformation to happen and the willingness of everyone in the organization to be accountable for their own contribution to its attainment.

As the name implies, Davidic Growth stems from an appreciation of the lessons from Goliath's defeat in the hands of David, the brave shepherd boy who became a great king, and how these may be applied as a catalyst for growth. In another article about the Davidic Growth Paradigm, I discussed what I gleaned from Malcolm Gladwell's book, David and Goliath. It is the understanding that sometimes we become predisposed to thinking that things that at first glance may look overpowering are insurmountable. Gladwell points out that they may actually be carrying hidden weaknesses that we are not quick to see. This may then lead us to overestimate these advantages and overlook the possibility that they may become liabilities in the long term.

David and Goliath is a Malcolm Gladwell book that came out in 2015. It innocently starts with the observation that in the fight between David and Goliath, we revel in David's victory because in our minds he is the underdog that conquered the bully against tremendous odds. Digging deeper, Gladwell then shows us that because of this predisposition to think that bigger is better and obvious advantages of one's opponent are insurmountable, we may be missing the big picture. We predict outcomes based on our primary perceptions without realizing that beneath the surface, there may be qualities and realities that we failed to take into account. In truth and upon closer inspection, Goliath is not totally undefeatable, and David is not short on resources with some options initially deemed as weaknesses turning out to be advantages after all.