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This is the second of 6 editions focused on the direction, leadership and strategic aspects of business transformation.
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The 300 Essential Stats on Business & Digital Transformation You Need to Know: Part II - Direction/Leadership Edition (Wikibrands 2019 version)
1. Curated by Managing Director Sean Moffitt @SeanMoffitt and the @Wikibrands Transformation Collective
The 300 Essential 2019 Statistics on:
Business & Digital Transformation
Leading insights, foresights & Best Practices for Accelerating Business Change & Digital Maturity
WIKIBRANDS The Transformation & Futureproofing Experts
www.wiki-brands.com
PART 2 – THE DIRECTION, LEADERSHIP
& STRATEGY EDITION
2. THE BIGGEST COMPENDIUM OF
BUSINESS TRANSFORMATION AND
FUTUREPROOFING STATS AVAILABLE
#TRANSFORMATION300
3. Our Insight-filled, Data-based Special Sauce
▶ Variety & Credibility - Distilled from 30 different reputable sources
including 5+ of our own proprietary studies.
▶ Current - All 2017 and 2018-based statistics.
▶ Holistic - Deals with business transformation from 15 key relevant facets.
▶ Digitally-Savvy – Acknowledges the power of digital and technology to
transform business in the connected age.
▶ Helpful – Designed to make the case for your business change, digital
transformation and any angle of opposition to change.
5. “The future is so VUCA(volatile, uncertain, complex, ambiguous). Companies
really only have three choices for sustainable marketplace
advantage.
You can anticipate better and futureproof.
You can disrupt the market and innovate.
Or you can disrupt yourself and transform.
Choose one, or all three, but do it now.”
Sean Moffitt, Managing Director, Wikibrands
10. Transforma)on Stat #21 -‐ Leadership Support:
Leadership/Execu1ve Support is
the biggest enabler of innova1on.
Source: Innova1on Leader/KPMG, 2018
#LEADERSHIPTRANSFORMATION
11. Transforma)on Stat #22 – Post-‐modern Leadership:
Traits of Great Leadership:
Front Lines’ Ra1ng Leaders’ Ra1ng
#1 Having Integrity Strong Ethics
#2 Being Decisive Goal/Expecta1on Se^ng
#3 Great Communica1on Flexibility
Source: Britain Thinks/Sunnie Giles, 2018
#LEADERSHIPTRANSFORMATION
12. Transforma)on Stat #23 -‐ Digital Leadership Traits:
An effec1ve tech & digital leader
needs to have:
#1 Change Management & Transforma1on Skills
#2 Innova1ve & Think Out of the Box
#3 Insight for/Voice of the Customer
#4 Technology & Digital Media Understanding
Source: Wikibrands’ Digital Periscope, 2018
#LEADERSHIPTRANSFORMATION
13. Transforma)on Stat #24 – Board-‐level, Area of Concern:
17% of companies say that digital
disrup1on is not seen as worthy
of board-‐level aeen1on, down
from 45% just two years ago.
Source: Digital Vortex, 2017 & 2015
#LEADERSHIPTRANSFORMATION
14. Transforma)on Stat #25 -‐ Board Level Digital Radar:
Only 30% of boards are good at
an1cipa1ng evolving technology
and market trends;
only 17% of boards have
technology-‐focused directors.
Source: PwC/BoardEx, 2017
#LEADERSHIPTRANSFORMATION
15. Transforma)on Stat #26 – Leadership-‐driven Growth:
78% of CEOs don’t believe their
leaders are excellent at driving
growth; 70% are concerned about
the digital skills of their senior
leadership team.
Source: Strategy& and PwC, 2017/18
#LEADERSHIPTRANSFORMATION
16. Transforma)on Stat #27 – CEOs Personally Invested:
Almost three quarters of CEOs
are personally prepared to lead
their organiza1on through radical
transforma1on of their business
model.
Source: KPMG, 2018
#LEADERSHIPTRANSFORMATION
17. Transforma)on Stat #28 -‐ Leaders as Role Models:
68% of CEOs are champions of
digital technologies; only 33%
were in 2007.
Source: PwC Digital IQ, 2007, 2017
#LEADERSHIPTRANSFORMATION
18. Transforma)on Stat #29 -‐ Who leads Transforma)on?:
Execu1ve responsible for digital
transforma1on ini1a1ves:
CIO 37%
CEO 20%
COO 13%
CDO 9%
CMO 2%
CSO 2%
Source: Centric Digital, 2017
#LEADERSHIPTRANSFORMATION
19. Transforma)on Stat #30 -‐ Transforma)onal Leadership Focus:
The transforma1onal leader
should spend the most amount of
1me invested in learning:
#1 The Customers – needs, experiences, touchpoints, journeys
#2 Leadership–alignment, commitment, dynamics, biases, how things get done
#3 Organiza1onal Culture–the whys, values and ways
#4 The Marketplace–trends, compe11on and success factors
Source: Wikibrands Digital Transforma1on Playbook 2018
#LEADERSHIPTRANSFORMATION
20. Transforma)on Stat #31 -‐ C-‐Suite Cogni)ve Dissonance:
2/3rds of leaders believe they
understand digital strategy, yet
only 1/3 of their senior managers
agree.
Source: Forrester, 2017
#LEADERSHIPTRANSFORMATION
21. Transforma)on Stat #32 Influencing Leadership:
My company needs to find new
leaders to succeed in the digital age:
65% strongly agree/agree;
64% of digitally maturing companies
are effec1vely developing leaders but
only 14% of early stage digital
companies are doing the same.
Source: Deloiee 2018`
#LEADERSHIPTRANSFORMATION
22. Transforma)on Stat #33 – Senior-‐level Capabili)es:
Leadership has requisite skills to
guide strategy:
In digitally mature companies –
86% agree,
In digitally lagging companies –
4% agree.
Source: Deloiee, 2017
#LEADERSHIPTRANSFORMATION
23. Transforma)on Stat #34 -‐ Senior Level Digital Radar:
Leadership understands
technology and trends:
In digitally mature companies –
96% agree,
In digitally lagging companies –
7% agree.
Source: Deloiee, 2017
#LEADERSHIPTRANSFORMATION
24. Transforma)on Stat #35 Influencing Leadership:
The third toughest job in
technology & digital is
influencing leadership vision,
understanding and/or roadblocks
Source: Wikibrands’ Digital Periscope, 2018
#LEADERSHIPTRANSFORMATION
25. Transforma)on Stat #36 -‐ Governance:
52% of business leaders plan to
increase new digital governance in
the next 12 months.
Source: Accenture, 2017
#LEADERSHIPTRANSFORMATION
26. Transforma)on Stat #37-‐ Agile vs. Bureaucra)c Benefits
The biggest differences between
corporate agile environments and
bureaucra1c environments:
Rapid itera1on/experimenta1on +52 pts.
Technology, systems and tools +45 pts.
Con1nuous learning +44 pts.
Sensing & seizing opportuni1es +40 pts.
Role mobility +40 pts.
Source: McKinsey, 2017
#LEADERSHIPTRANSFORMATION
27. Transforma)on Stat #38 – Agile vs. Startup Benefits:
The biggest differences between
corporate agile environments and
start-‐up environments:
Shared & servant leadership +36 pts.
Ac1onable strategic guidance + 34 pts.
Performance orienta1ons + 34 pts.
Cohesive community +33 pts.
Fit-‐for-‐purpose Accountability + 33 pts.
Source: McKinsey, 2017
#LEADERSHIPTRANSFORMATION
28. Transforma)on Stat #39– The Power of Listening:
Listening to stakeholder needs
leads to 75% more success in the
CEO role
Source: University of Chicago, 2017
#LEADERSHIPTRANSFORMATION
29. Transforma)on Stat #40 -‐ Connected Networks:
The average CEO Linkedin
connec1ons = 910,
The average LinkedIn member
connec1ons = 394.
Source: LinkedIn, 2018
#LEADERSHIPTRANSFORMATION
32. Transforma)on Stat #41– Aligned & Bold Vision:
The #1 driver to master an
organiza1on’s transforma1on
“Aligned/Bold Vision, Purpose
& Strategy”.
Source: Wikibrands Digital Periscope, 2018
#strategyTRANSFORMATION
33. Transforma)on Stat #42– Codifying Strategy:
37% of today’s businesses believe
they have a well-‐defined
transforma1on & innova1on
strategy.
Source: PwC, 2017
#strategyTRANSFORMATION
34. Transforma)on Stat #43– Biggest Impasse:
The majority of mainstream
companies find the biggest
obstacles to digital transforma1on
are “too many priori1es” and “lack
of strategy”.
Source: Deloiee, 2017
#strategyTRANSFORMATION
35. Transforma)on Stat #44– Change Failure:
60% of digital transforma1ons will
not be able to scale because of
lack of strategic architecture.
Source: IDC, 2017
#strategyTRANSFORMATION
36. Transforma)on Stat #45 – Wrong Target:
The key indicator of digital
immature companies is they look
to digital to increase efficiencies,
not to drive customer experience,
topline growth or business
transforma1on.
Source: Deloiee, 2017
#strategyTRANSFORMATION
37. Transforma)on Stat #46 – Digital Prominence in Strategy:
67% of the Global 2000 will have
digital transforma1on at the
centre of their corporate strategy
by 2018
Source: IDC, 2017
#strategyTRANSFORMATION
38. Transforma)on Stat #47 – Digital/Organiza)onal Alignment:
Only 1 in 3 business leaders agree
that their digital priori1es are fully
aligned with their organiza1onal
priori1es.
Source: Fujitsu, 2017
#strategyTRANSFORMATION
39. Transforma)on Stat #48 – Digital Strategy Implementa)on:
The second biggest challenge of
digital transforma1on efforts is
implemen1ng digital strategy
organiza1on-‐wide.
Source: The CIO Report, 2017
#strategyTRANSFORMATION
40. Transforma)on Stat #49 – Vision Dis)nc)vity & Impact:
The most common values/table
stakes of companies’ vision
statements:
Integrity, Respect, Innova1on, Teamwork, Excellence,
Customer-‐focus, Trust, Diversity, Accountability, Openness,
Quality, Honesty, Passion, Safety, Community, Service,
Collabora1on, Responsibility, People, Commitment.
Source: Forty, 2018
#strategyTRANSFORMATION
41. Transforma)on Stat #50 – What Keeps CEOs Up at Night:
Top strategic-‐level uncertain1es
in a company’s future growth
according to CEOs:
#1 Over-‐regula1on
#2 Terrorism
#3 Geopoli1cal Stability
#4 Cyber Threats
#5 Availability of key skills
#6 Speed of tech change.
Source: PwC CEO Survey, 2018
#strategyTRANSFORMATION
42. Transforma)on Stat #51 -‐ Longer Term Strategic Perspec)ve:
30% of digitally mature
organiza1ons have a strategic
planning horizon of 5+ years, only
13% of early digital companies do.
Source-‐ MIT SMR, 2017
#strategyTRANSFORMATION
43. Transforma)on Stat #52 – Guiding Purpose:
Companies with a strong sense of
purpose cause people to believe
they can stay ahead of industry
disrup1ons
(83% agreement vs. 42% companies without strong purpose).
Source: Deloiee, 2017
#strategyTRANSFORMATION
44. Transforma)on Stat #53 -‐ Mission has a Margin:
90% of execu1ves recognize the
importance of “an aspira1onal
reason for being which inspires and
provides a call to ac1on for an
organiza1on, and provides a
benefit to society.”
Source: EY Beacon, 2018
Consult wikibrands for putting into your purpose
47. Transforma)on Stat #54– Commitment Effect on Change & Transforma)on:
The #3 driver to master an
organiza1on’s digital
transforma1on
“Commitment to Change,
Urgency, Investment & Candor”.
Source: Wikibrands Digital Periscope, 2018
#TRANSFORMATIONISCHANGE
48. Transforma)on Stat #55 – We Know the What, Not The How:
88% of execu1ves believe
building an
“organiza1on of the future”
is a very important/important
issue; only 11% know how.
Source: Deloiee, 2017
#TRANSFORMATIONISCHANGE
49. Transforma)on Stat #56 – Innova)on Teams are Facing Resistance:
60% of companies have adopted
separate innova1on units over the
last 5 years, 77% of these
innova1on teams have failed to
deliver 10% revenue of the overall
business.
Source: Oliver Wyman, 2018
#TRANSFORMATIONISCHANGE
50. Transforma)on Stat #57 – Innova)on & Change Management Obstacles:
The innova1on barriers in large
companies are: poli1cal/turf wars,
cultural issues and inability to act
on cri1cal signals/developments.
Source: Innova1on Leader
#TRANSFORMATIONISCHANGE
51. Transforma)on Stat #58– Commitment Effect on Transforma)on:
People “afraid or unable to
change” is the #1 barrier
preven1ng people from delivering
growth -‐ 22% rate very high/27%
fairly high.
Source: Accenture, 2018
#TRANSFORMATIONISCHANGE
52. Transforma)on Stat #59– Change Urgency:
75% of CEOs believe the next
three years are more cri1cal for
their company than the last 30
years.
Source: KPMG, 2018
#TRANSFORMATIONISCHANGE
53. Transforma)on Stat #60– Change Communica)on & Understanding:
64% of company staff are aware
their company has digital
transforma1on as a priority;
69% of people say they wouldn’t
be confident explaining it to
somebody else.
Source: Salesforce 2018
#TRANSFORMATIONISCHANGE
54. Transforma)on Stat #61 – Collabora)on, Maybe?:
85% of top execu1ves believe
their organiza1on promote
collabora1on internally;
only 41% of employees agreed
with same statement.
Source: Capgemini, 2017
#TRANSFORMATIONISCHANGE
55. Transforma)on Stat #62 – Stuck in the Slow Lane:
Only 26% of companies rate their
agility as high/extremely high.
Source: Oliver Wyman, 2018
#TRANSFORMATIONISCHANGE
56. Transforma)on Stat #63 – Real Change begs Structural Change:
Transforming
companies
see
5X
the
level
of
organiza6onal
structure
change
than
their
non-‐transforming
peers.
Source: SAP, 2018
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