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Digitally competent employees and organizational culture that is adapted to the digital economy are the first safeguards for the ROI of the digital business transformation.
The new world and new society require new thinking, new focus and new perspectives. If companies and organizations want to be successful in the future, they constantly need to develop new forms of business systems, culture, capabilities, competencies, work environments and value creation for their customers. This is why we compiled seven core values in our Inspire4Future Manifesto.
Organizations are less and less able to independently decide on their own business development. The customers, more than ever, get to decide whether they want to accept our offer, since they can have numerous alternatives. The digital customers require an individual approach which is shaking up the principles of the economies of scale. The digital customers want an above average experience and value at every step of the way which puts pressure on cost measures (maximizing profitability).
The digital economy works according to new a new set of rules, such as: the economy of experience, everything as a service, business ecosystems, asymmetrical competition, lack of digital talents.
Organizations and their employees need new competencies and a more modern organizational culture for the new business conditions.
Managers within organizations need professional and multidimensional assessments of their business capabilities for a successful transition into digital and/or any kind of future business. The assessments of the most important digital capabilities show a level of digital competencies of employees and the level of organizational culture development for doing business in the digital economy.
I4F solutions use multidimensional professional online analyses which help individuals and organizations evaluate whether their digital competencies and organizational culture are prepared for successfully handling a different digital situations:
• Does your organizational culture support and accelerate the realization of digital projects or does it hinder them which makes the ROI take longer?
• What kind of knowledge do you need to successfully execute digital projects and reach the desired ROI?
• What are the key digital competencies which can at least help you retain and if possible improve your competitive position in the digital economy?
Digitally competent employees and organizational culture that is adapted to the digital economy are the first safeguards for the ROI of the digital business transformation.
The digital economy brings new challenges of successful business to organizations. The employees must therefore upgrade their knowledge, skills, abilities and business behaviors. I4F multidimensional assessments provide an accurate analysis of the development level of the most important digital competencies. Directly connected to investment insurance, the examples of such competencies are “Creating a business case in the digital economy” and “Designing digital value through digital solutions”.
The digital economy has sparked new economic laws which significantly change the conditions of doing business. This also drives changes within organizations if they wish to keep their business strength and competitive position. The success of these changes is crucially dependent on the organizational culture. The I4F analysis among others shows the level of development of the drivers of the digital business transformations and warns you about its blockers.
The digital economy brings a different business context of modern organizations. The digital business transformation brings a significant, comprehensive and multidimensional transformation of business systems. This is what causes the need for different, comprehensive and interdisciplinary key business indicators.
If you want to systematically monitor the business development of the abilities or strengths of your organization in the digital economy, you will need new overall metrics, such as: