How to develop the Vision for Digital Transformation?
Updated: Nov 16, 2020
Digital Transformation is now a number one priority for many businesses. Over the past two years, businesses have put increased focus on digitally transforming their brands from the inside out.
It is an ongoing process of change based on the market and needs of the customers. To deliver this change successfully, there is a need to establish a clear vision with objectives & expected outcomes.
How do you develop the digital transformation vision statement?
Simply put vision is a picture of how the organization will look like after stipulated time.
Importance of Vision statement for Digital Transformation:
Provides the big picture and clearly describes what your organization will be like in several years
Clarifies the right direction of change to ensure that everyone is moving forward
Inspires everyone to take action in set direction
Synchronizes the action of different people. It provides self-sufficiency to individuals and teams while reducing conflicts.
There are some do’s & don’ts for setting up a vision:
Develop a Vision that is in line with company growth strategy.
Connect with partners who support your vision, not only third-party technology vendors but your own customers and employees
It should create the sense of urgency
Link vision to specific goals in future
Describe how the company will actually change
How will you engage differently with customers?
It remains only as floor branding and marketing
Restricting the employees with set vision & its boundaries
Vision is way too complicated, vague and lacking actionable initiatives
Poor communication of the vision beyond the involved few stakeholders
Setup the vision before analyzing current systems and operations
Vision brings in the cultural change that is required for Digital Transformation. People are extremely important in this roller-coaster ride.
When the digital transformation vision is not clear, that affects the speed of adoption of both senior management and middle management. People will not act just because technology is ready.
Some successful vision statements for digital transformation:
Google - To provide access to the world’s information in one click
Amazon - To be Earth’s most customer-centric company, where customers can find and discover anything they might want to buy online
Walmart - To be the best retailer in the hearts and minds of consumers and employees
GE - To become the world’s premier digital industrial company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive
Ikea – To create a better everyday life for the many people
Southwest Airlines - To become the world’s most loved, most flown, and most profitable airline
A top-down vision is a cornerstone & catalyst for digital transformation. These and many companies have created great vision statements to survive in this digital age.