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How Digital Is Your Business?-eBook
How Digital Is Your Business?
by Slywotsky, Adrian J.
 
 
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How Digital Is Your Business?
Within a very short time, the issue of how to become a digital company has become a major headache for the management of every company in every industry. Just about every company has Internet and digital initiatives, but with the exception of a select few, these efforts are more a jumble of activities (setting up web sites, writing the corporation, giving laptops to everyone) than a coherent digital strategy. The end-result is that, despite the expenditure of much time, effort, and money, most companies are not reaping the benefits of digitalization because they haven't thought through the purpose of digitalization from the standpoint of the major issues facing their business. A digital company uses technology to completely reverse the way business is done. Most companies guess about the demand for their product, even when they use the most modern of market research techniques. They produce it, market it and hope customers buy it. If they don't put on sale at huge discounts to make the way for next season's stuff. A digital company, on the other hand, gives customers exactly what they want. Dell, for example, uses technology -- the web -- so that customers can specify exactly the kind of computer their heart desires. Only then does Dell produce and ship the computer to the customer. There are tremendous benefits to this reversal: (1) There's no guesswork and risk. If you know what customers want and give it to them, you have no unsold inventory. (2) Customers buy more -- frequently the higher priced, more profitable products -- since they don't have to compromise. (3) Much greater productivity, profit and growth and the beginning of strategic control over your market. Becoming a digital company is not really about the Internet and the Web. It's about going back to basics. Before any digital initiative, ask first: What are the top five business issues facing my company? Only when you know the answers can you digitalize with the objective of improving


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Title of ebook: How Digital Is Your Business?
ISBN: 9780609504055
parent-ISBN: 9780609607701
Publisher: Crown
Published: 12-2000
Released online for download: 12-01-2000
Author of eBook: Slywotsky, Adrian J.
Joint Author: Morrison, David J.
Author: Weber, Karl

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How Digital Is Your Business?


Introduction

Why this book? And why now? After all (you may be thinking), this isn't the first book on e-commerce and the Internet. It may not even be among the first hundred books on these topics, as a casual glance at any bookstore's shelves makes clear. What can this book say that's new and different?

That casual impression is correct in one sense, wrong in another. Correct because the digital revolution has been under way for years and has spawned hundreds of books, including several excellent ones. Wrong because How Digital Is Your Business? is not a book on e-commerce or the Internet. It's a book on digital business. And that means it could not have been written even eighteen months ago.

We define a digital business as one in which strategic options have been transformed--and significantly broadened--by the use of digital technologies. Under this definition, it's not enough to have a great Web site or a wired workforce or neat software that helps to run a factory. A digital business uses digital technologies to devise entirely new value propositions for customers and for the company's own talent; to invent new ... read full excerpt from: How Digital Is Your Business? ebook


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