Executive Strategies And Leadership Challenges

Page 16

OPINION

TOP FIVE CHARACTERISTICS OF SUCCESSFUL DIGITAL TRANSFORMATION LEADERS

CIOs must possess five key characteristics to lead and deliver on digital transformation.

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s CIOs face ever-expanding responsibilities in their roles, they must remain effective in dealing with uncertainty and change. Digital not only disrupts business, but it also transforms leadership. Gartner research shows that successful digital business initiatives demand paradigm shifts in technology leadership and new ways of thinking and approaching challenges.

HOW TO BE A SUCCESSFUL DIGITAL LEADER: FIVE CHARACTERISTICS TO ADOPT Business transformation can be accelerated or derailed depending on how effective leaders are at transforming themselves. Executive technology leadership must anticipate digital opportunities and threats, use technology to adapt to changing conditions and find leverage and value from disruption. To become an effective digital CIO, it is important to understand and adopt these five characteristics:

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JUNE 2023

NO. 1: NEOPHILIA: A TENDENCY TO LIKE ANYTHING NEW; LOVE OF NOVELTY Neophiliacs are naturally curious and attracted to new things. They seek to explore and find new ways to create value. Neophiliacs welcome varying ideas from others that shift from the past, a key component of any successful digital transformation. A neophiliac asks, “What do we want to achieve?” rather than “What have we got?”, rejecting current assumptions. The ultimate objective drives solutions to seemingly complex problems. Effective digital CIOs also embrace innovation. They tend to have a high degree of creativity, defined as the ability to connect seemingly unrelated areas.

NO. 2: DEVELOP NEW OPPORTUNITIES: INVENT, BUT ALSO COPY Digital leaders don’t necessarily invent and innovate all the time. In reality, successful

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ORGANIZATIONAL STRUCTURE: KEY SUCCESS FACTORS

1min
pages 42-43

DAR TANTORA HOTEL OPENED IN SAUDI ARABIA’S ALULA OLD TOWN

2min
pages 70-73

TECHNOLOGY HAS ALWAYS BEEN A STRATEGIC ENABLER FOR BUSINESSES

3min
pages 68-69

TOWARDS VISION 2030

3min
pages 66-67

INDUSTRY COMMENTS

0
page 65

DIVERSITY AND INCLUSION: THE FOUNDING PHILOSOPHY OF PANASONIC

3min
pages 64-65

ADVANCED TECHNOLOGY, GREATER BUSINESS VALUE

4min
pages 61-63

DIGITAL TRANSFORMATION FOR A SUSTAINABLE CONSTRUCTION

5min
pages 58-60

Fluke with continuous introduction of new products and solutions

2min
page 56

UAE’s Falcon 40B dominates Leaderboard

4min
pages 54-55

Checkout.com highlights importance of payment and revenue optimization

1min
page 53

BUSINESS GROWTH IS A KEY GOAL FOR ANY COMPANY

6min
pages 50-52

TOOLS, TRAINING AND DEVELOPMENT: THE BENEFITS OF UPSKILLING THE TEAM

6min
pages 47-49

FOSTERING AND PROMOTING AN INCLUSIVE WORK CULTURE

5min
pages 44-46

ORGANIZATIONAL STRUCTURE: KEY SUCCESS FACTORS

1min
pages 42-43

LEADING BY EXAMPLE, UNCOVERING THE SECRETS TO BUSINESS GROWTH

6min
pages 40-41

LEADERSHIP STRATEGIES: MOVING IDEAS TO ACTION

4min
pages 38-39

Invictus Investment Company announced financial results

6min
pages 34-36

SAP’s vision for future-proofed business in the age of AI comes to life

1min
pages 33-34

Procter & Gamble commits to bold new actions

3min
pages 32-33

JAMES WEBB SPACE TELESCOPE PICKS OUT 7 EARLIEST GALAXIES YET

3min
pages 22, 24-31

INVENTIVE SOLUTIONS: TOWARDS A STEADY PROGRESS

3min
pages 20-21

COURSERA, FROM TOP COURSES TO LEARNING OUTCOMES

2min
pages 18-19

TOP FIVE CHARACTERISTICS OF SUCCESSFUL DIGITAL TRANSFORMATION LEADERS

2min
pages 16-17

4 WAYS DIGITALIZATION IS TRANSFORMING PROFITABILITY IN THE CHEMICALS INDUSTRY

3min
pages 14-15

FUSING BUSINESS AND TECHNOLOGY: CO-CREATING VALUE

2min
pages 12-13

HOW IS DIGITAL TRANSFORMATION CATALYSING THE ON-DEMAND ECONOMY?

3min
pages 10-11

CREATING CHANGES AND EXECUTING STRATEGIES

3min
pages 8-9

DRIVING PERFORMANCE AND PRODUCTIVITY

5min
pages 6-7

A FRESH PERSPECTIVE ON TRANSFORMATIVE STRATEGIES

1min
pages 3-5
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