Bedrock Principles for Industrial B2B Digital Transformation
Are existing B2B industrial manufacturers seizing opportunities in a more digital world? The answer I hear is MIXED – YES – we want to and NO – we are not quite getting there at the pace and success we envisioned. A very low number of industrial companies feel successful in their endeavors of becoming Digital! An unyielding, blinding spotlight on the “disruptors” and an awareness of the decreased life spans of the S&P 500 has pushed manufacturers to rethink their traditional business approach to meet the new digital era. Industrials that are considering this shift often need to change a lot - their operational processes, their organizational structure and culture, their relationships with end-customers, suppliers and partners as well as their business models. While many organizations have embarked on or are considering embarking on the transformation journey, how they cope with the challenges is not openly understood. My pulse check reveals companies feeling stu...