build dig cult

Learning to BUILD A DIGITAL CULTURE

THE GENIE IS OUT OF THE BOTTLE! For example, 90 per cent of respondents in a 2017 survey undertaken by Founders Group/DEfactoED acknowledged that a shift in culture and working practices was needed to enable them effectively to embrace new digital technologies. But transforming a corporate culture is far from straightforward – in fact, in a 2016 article McKineys argued that ‘The hardest part of a successful digital transformation is the cultural piece’. So, how should organizations […]

int contr

In the Digital Age, EDUCATION is the new system of INTERNAL CONTROL

THE CORE COMPONENT OF AN EFFECTIVE INTERNAL CONTROL ENVIRONMENT IS, AND ALWAYS HAS BEEN, CAPABILITY. It’s clear that in many big legacy companies, there is a real lack of digital knowledge and capability from top to bottom, and across the organization. For example, senior FTSE 100 contact recently remarked to us that on the Board on which they served there was 300 years of collective business experience, and only 3 months of digital experience. We […]

L&D

In the age of Digital Darwinism, LEARNING & DEVELOPMENT must step up

‘IT IS NOT THE STRONGEST OF THE SPECIES THAT SURVIVES, NOR THE MOST INTELLIGENT THAT SURVIVES… IT IS THE ONE THAT IS MOST ADAPTABLE TO CHANGE’. Charles Darwin. In the modern digital world characterised by rapid change, uncertainty and unfamiliarity, learning is the fundamental mechanism by which organizations can identify and interpret what is happening, and adapt to it. Only those organizations which place learning at the front and centre of their activities are likely […]

EMPLOYEES must adapt

In the age of Digital Darwinism, EMPLOYEES MUST ADAPT or struggle with relevance

THOSE MOST LIKELY TO FLOURISH AND PROSPER, ARE THOSE WHO EQUIP THEMSELVES THROUGH LEARNING, TO ADAPT TO THE DEVELOPMENTS TAKING PLACE AROUND THEM. Digital disruption is already having a profound impact on the labour market, creating new types of jobs and demands for different skills (obvious examples being app and web development, data analytics, cybersecurity and digital marketing), and at the same time contributing to the elimination of lots of existing jobs through increased automation. […]

leaders

In the age of Digital Darwinism, LEADERS must adapt or die

‘IT IS NOT THE STRONGEST OF THE SPECIES THAT SURVIVES, NOR THE MOST INTELLIGENT THAT SURVIVES… IT IS THE ONE THAT IS MOST ADAPTABLE TO CHANGE’. Charles Darwin. An oft-quoted statistic is that over half of the organizations that made up the Fortune 500 in 2000 no longer exist; and that digital disruption was the most important factor in determining the fate of these now defunct businesses. Moreover, disruption is continuing to gather pace, as […]