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Whether it’s ensuring your staff’s health and safety, transforming company culture, or constantly improving your business processes, being focused on how it impacts employees is a key factor for success. A self-sufficient business model, while somewhat capping growth rates, means the company is better able to determine its own destiny.
CFOs have the data; you need to massage it, P&L and balancesheets, in ways that people can understand. But capital allocations for digitaltransformation are the exception. But if you’re not connected to your customer digitally and aren’t using that data for decision-making, you’re falling behind.”
So, if your company is beginning to talk about a digitaltransformation, make sure you ask three questions: What business are we in today? After all, they have many capabilities that entrants are racing to replicate, such as access to markets, technologies, and healthy balancesheets.
Netflix’s digitaltransformation has led the company to even more dramatic innovations, including original programming such as “House of Cards” and “Orange is the New Black.” In September, Netflix became the first video distribution company to win a major Emmy award.
Third, they’re focused on optimizing what I’ll call the human capital balancesheet, making sure their workforce dollars are creating the right kind of impact in the way that their workforce is showing up day in and day out in the workplace. A lot of companies are facing this digitaltransformation.
Andreessen’s article helped accelerate the company’s digitaltransformation. GE made a $4 billion bet on connecting industrial equipment through the internet of things and analytical software with a suite of products called Predix Cloud.
” Publicly, CEOs talk about digitaltransformation, but privately, they wonder if their efforts will be enough. For most companies intellectual property is something that sits on their balancesheet. When we asked one successful online retailer “How do you compete with Amazon?” Intellectual capital.
Including emissions on the balancesheet would lead to them being more accurately tracked and hopefully reduced throughout the supply chain. Treat GHG Emissions as a Business Risk in Property Development What if GHG emissions were treated as a business risk? University of Virginia; Ph.D.,
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