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Institute
Overview: The digital transformation of organizations continues at a frenetic pace. While some companies have achieved trailblazer status, others are finding it difficult to change and therefore are lagging. Digital leaders play a pivotal role in this transition because they can increase the confidence of their organizations behind these often risky and disruptive initiatives. In this article, we present our efforts to i) separate the practices of digitally developing and digitally mature organizations―particularly those of their leaders, ii) determine the specific trust-building actions of digitally mature leaders, iii) develop a scale to measure the human dimensions of digital leaders, and iv) discuss the future development of a reliable scale and self-assessment tool that digital leaders can use to assess their own readiness to accelerate digital initiatives.
Digital Leadership
(2020)
This article describes digital leadership-specifically character and competency-that differentiate digitally mature organizations from digitally developing organizations. We assess the differentiated actions of leaders of digitally mature organizations and discuss their results. The study is based on Patterns of Digitization survey with insights from 559 decision makers across five geographic regions-America, Europe, Asia, Africa, and Oceania designed to assess how companies are implementing digital transformation, the various strategies they employ, the investments they make, and the actions they take to achieve large-scale institutionalized digital transformations. The insights gleaned from the study should help lagging companies understand what is involved in implementing a digital transformation and what they need to do to catch up.
Two major trends are driving many companies in the manufacturing industry to rethink and reconfigure their business logic: the trends towards applying a service dominant business logic, and the trends towards collecting and using information about the market life cycle of products. The pursuit of market lifecycle information has lately been one that is driven mostly by tremendous developments in the area of the Internet of Things and information system integration. Companies in the manufacturing industry are reconfiguring their value chains, tending towards a higher degree of service orientation. This transformation requires an understanding of the principles behind offering additional value through industrial product service systems. The design of an adequate information architecture and the subsequent management model are the key factors for a successful implementation. This article focuses on how information gathering, analysis, and the meaningful use of information have been linked to the success of those companies within the German manufacturing industry which have made the transformation towards service-orientation. On the basis of an empirical study, five success factors with a significant impact on either innovation performance and/or operational performance are identified. These findings are enhanced to derive guidelines for an adequate information architecture. The guidelines are underpinned by best practices of prosperous companies with a strong product-service-orientation. Links between best practice application and performance are analyzed, and significant relations are identified.
To stay competitive, the central challenge for many companies at present is to master the process of transformation in the sense of a fundamental redesign of central processes or even of the entire company. Digitization and the need to redefine and reposition oneself in a sustainable economy are just two examples of the main drivers of this transformation. In this context, the basic question of the fundamental necessity of a comprehensive transformation in the sense of a business transformation no longer even arises for most companies in the age of digital transformation. Instead, the focus is on the question of how companies can manage the complexity associated with the scope of a transformation and the necessary changes in terms of the business strategy and on how to ensure the efficiency and success of the transformation. The challenge is to simultaneously design new structures and systems on the substantive level and also to break up established patterns of behavior.
The acquisition, processing and analysis of internal and external data is one of the key competitive factors for corporate innovation and competitive advantage. Many firms invest a significant amount of resources to take advantage of advanced analytics methods. Machine learning methods are used to identify patterns in structured and unstructured data and increase predictive capabilities. The related methods are of particular interest when previously undiscovered and unknown structures are discovered in comprehensive data sets in order to more accurately predict the outcome of manufacturing or production processes based on a multitude of parameter settings. So far, this knowledge is often part of the individual or collective knowledge of experts and expert teams, but rarely explicit and therefore not replicable for future applications. On the one hand, it is demonstrated in this paper how different machine learning algorithms have been applied to better predict the output quality in the process industry. On the other hand, it is explained how the application of machine learning methods could contribute to making previously not accessible process knowledge explicit. In order to increase the prognostic accuracy of the model diferrent methods were combined, later on compared and evaluated within an industrial case. In this paper a comprehensive approach to knowledge-based process engineering is being presented.
Digitalization offers enormous opportunities not only to optimize operational processes, but also to redefine creative processes, e.g., in the area of innovation. This is becoming increasingly important in light of the fact that innovation is increasingly taking place in ecosystems, which means that an enormous amount of collaboration must be enabled in distributed and interdisciplinary teams. To be successful in this, innovation teams need easy access to the multitude of methods and assistance in selecting the appropriate method for the specific task. To this end, we propose a classification framework that structures methods from innovation management and service design based on higher-level task areas. The framework was developed and evaluated together with several companies. Results were implemented in the form of a playbook that won the red dot design award. [https://link.springer.com/chapter/10.1007/978-3-030-80840-2_22]
Digital Leadership – Which leadership dimensions contribute to digital transformation success?
(2021)
The digital transformation of industry and
society continues to advance. While some companies are
achieving trailblazer status, others are finding it difficult to
manage or even initiate the necessary changes. Top-level leaders
play a central role in these transformational processes, as they
have the opportunity to directly or indirectly influence decisive
variables. In this article, we present the results of interviews
with 13 digital leaders who have successfully implemented the
necessary changes for the digital transformation of their
companies. The results of the interviews provide key dimensions
for leaders to digitally transform their companies.
Patterns of Digitization
(2019)
This article describes the results of a survey designed to assess how companies are implementing digital transformation, including the various strategies they employ and the actions they take to achieve large-scale transformations. While a few companies seem to reach front-runner status, the majority seem to lag behind. This phenomenon is a top concern of boardrooms worldwide and motivated the development of this study. To help these organizations, we highlight differentiated strategic principles and characteristics of the companies' design processes digitally mature companies undertake to transform their businesses. These insights should help lagging companies understand what is involved in implementing a digital transformation and what they need to do to enforce this transformation.
Disruptive innovations confront companies with great challenges. Leading companies are losing their market position to disruptive competitors and are forced to react instantly to defend their position in the market. Companies not only lack knowledge of various strategic options that have been successfully used against disruptive attackers, they also do not know about the effects of these different strategic options on their own company. On the basis of a use case analysis, 30 companies were examined with regard to their strategic reaction on a disruptive attacker. In the evaluation of the use cases, the strategic options were grouped into clusters, from which seven master strategies could be identified. These seven master strategies were then transformed into a regulatory framework, which differentiates between reactive and proactive strategies and classifies them according to their intensity. With the help of the identified master strategies, companies will be able to identify options for action in competition with disruptive attackers, thus giving them greater chances of success in the defense of their market position. In addition, companies can use the master strategies to prepare an emergency strategy even before a disruptive attacker appears on the market, thus significantly minimizing the risk of customer loss.
The almost boundless possibilities of realizing saving potentials and innovations drive manufacturing companies to implement Business Analytics as part of the digitalization roadmap. The increasing research within the field of algorithm design and the wide range of user-friendly tools simplify generating first insights from data also for non-professionals. However, small and medium sized companies struggle implementing Business Analytics company-wide due to the lack of competencies. Especially the customization of a multitude of analytic methods in order to match a superordinate, business-relevant question is not done easily. This paper enables researchers as well as practitioners to close the gap between business relevant questions and algorithms. From a practical point of view, this paper helps shortening the search time for a suitable algorithm. Out of a research perspective, it aims to help positioning new algorithms within a structured framework in order to enhance the communication of algorithms’ capabilities.