Probably the biggest challenge of our times is the exponential growth of technology penetration everywhere and so in business, the accelerated digitalization that has already generated disruptive platforms (Uber, Airbnb), marketplaces (OLX), tech giants (Google, Meta, Amazon), services and remote communication tools (OpenAI, Zoom, Teams) and so on.
Digitization has partially become the purpose, driven by tech enthusiasts, it has become a fashion, irrespective of everybody’s particularities and characteristics, business models and context. However, this is the most revolutionary and modern tool for upgrading the businesses models on the way of their transformation for more efficiency, productivity, speed, accuracy at lower costs, including environmental costs and overall ESG standards.
Within the fast-changing business environment, the focus might be split between managing the “old style” organizations while looking forward for ways to stay relevant and implement what is needed to keep up the organization with the new trends, or dramatically transform and take a leadership role in the company and the industry overall.
But Business Transformation means not just technological changes and continuous innovation for keeping-up competitiveness, rather than mental changes and organizational ecosystems changes, transformational management and modern leadership, adaptive, open and agile.
How does Business Transformation affect all kinds of companies, including multinational and domestic companies facing competition? What can managers and entrepreneurs facing various challenges do to successfully tackle this new challenge, while managing day to day activities? Is leadership important, relevant for the present and in the future? What kind of leadership? What kind of organizational culture and management?