Digitalization revolution is forcing organizations to change or review their organization processes and strategies. Jay Scanlan (Strategy leader of McKinsey Digital) in his Mckinsey article talks about some questions which an organization should ask at the time of introducing digitalization into their organizations:
• Whether your current business model is viable, or do you need to fundamentally change the nature of how you compete in the marketplace?
• Do you need to transform your core business-as-usual organization rapidly, or you can afford to build new businesses and the new capabilities required to compete and win over the next 10 to 15 years?
• How many new functional capabilities do you need to grow and develop, and how much do you need to change your existing supply chains, your existing operational capabilities, and your existing channel architecture to be more effective?
And to introduce digitalization, you need to rethink on your resource allocation and budgeting strategies. To know more about the benefits of digitalization and how digitalizing is changing strategy, please follow this link: http://www.mckinsey.com/insights/strategy/how_digital_is_changing_strategy