Executives who join companies to lead a digital transformation process are faced with a range of barriers, and may even abandon the project in just a few months. He or she will walk away frustrated and tired of fighting against the tide. The reason for this is that these professionals are hired with the support and incentive of the CEO, but soon find themselves alone.
Legacy organizations must respond – or risk their survival. While each organization will transform itself in a different way, each transformation is certain to have digital at its core, because digital is driving the changes in consumer expectations, markets and products.
Why are companies with a global reach wary of hiring US CISOs, asks Egon Zehnder consultant Kal Bittianda in an article for InformationWeek. Their rule-based approach is generally seen as too narrow to manage the challenges of different global environments, explains Bittianda.
Major U.S. companies are creating digital advisory panels — an informal and smaller version of a corporate board — to help them innovate online and advise management on trends in social media, big data and digital commerce.