ThinkTWENTY20

There is growing evidence that success in digital transformation requires leaders who are digitally competent. A recent article in the Harvard Business Review made two observations from other studies in this regard:

• “Fewer than 25% of CEOs and about 12.5% of CFOs in the sample could be regarded as digitally proficient”
• “companies with three or more digitally savvy directors on their boards reported 17% higher profit margins and 38% higher revenue growth than those with two or fewer directors.”

This requires more than a general awareness of technology strategy. It calls for a working, hands-on knowledge of how IT systems work. Check it out here. 
https://hbr.org/2021/11/todays-ceos-need-hands-on-digital-skills?utm_medium=email&utm_source=newsletter_daily&utm_campaign=dailyalert_notactsubs&deliveryName=DM162989