C-Suite Digital Acceleration

C-Suite Digital Acceleration

The composition of the C-suite has changed along with the rapidly growing world of business. It appears that company innovation worldwide is driven by the disruption of technology and remodeling of business models and operations. As technology continues to pose challenges in unfamiliar industries, the necessity for effective leadership has increased tremendously.

Despite the unique challenges surfacing, many opportunities are also presented. In order to properly access and seize the new opportunities, companies must create a digital blueprint to help navigate through the ever-changing digital landscape and proactively eliminate and alleviate internal pains. As for C-suite execs, the criteria has reformatted correspondingly with market demand and industry protocol. Digital strategy and expertise are more important than ever before and are highly valued key skills. Hiring people who are able to work in cohesion with technology is what will determine the fate of the company and their ability to adapt.

The ideal company leader, while considering the individual skill level, creates a culture that welcomes new technology and its implementation into the current operating model. Moreover, aligning the organization with where they are in their digitizing journey compared to where they are going is crucial to effectively establish a shared vision, symmetry, and internal alignment. The most valuable leaders in digital embarking companies are those that obtain digital dexterity. Digital dexterity is a skill that considers both internal and external stakeholders while also observing trends and anticipating them. This ability ultimately shapes the collaborative agenda and innovative culture.

Companies familiarizing themselves with technological advancements begin to understand overtime that digital is not limited to one single entity. Digital covers a wide scope of interconnecting moving pieces. Amongst the emerging experience, the complexity in making and executing decisions increases. Decision making must be integrated commonly in the digital strategy. Digital implementation is not limited to company products and services. In fact, without the right leadership, many companies hit a ceiling rather quickly as far as their ability to digitally adapt beyond internal offerings. A digital rush commonly is followed by a digital steady. Decisions must cover the entire scope of the implementation cycle from start to finish as opposed to being short sighted and short lived.

Digitally successful companies understand that the CEO is not the only person who is expected to be well versed in the digital language. Not only is the CEO expected to evolve continuously, but the entire company is expected to evolve, as well. To stay competitive and relevant, a worthwhile investment is in leaders who are digitally dexterous. To successfully produce this climate, HR must understand the team and therefore, hire talent that compliments one another and the company. Leadership is critical to digital development and acceleration. Companies must work to efficiently allocate digital needs while remaining loyal to internal values, culture, and goals.