Here are some tips to ensure effective implementation of digital strategy and avoid failure:
- Secure executive sponsorship and make leaders accountable for results.
- Ensure tight alignment between digital strategy and overall business strategy.
- Break strategy into achievable milestones and actionable tasks.
- Appoint digital strategy owners across departments and empower them.
- Allocate sufficient budget and resources to support implementation.
- Develop clear KPIs and metrics for tracking progress.
- Maintain flexibility to adapt strategy based on market changes and learnings.
- Provide frequent communications on digital strategy across the company.
- Closely monitor risks factors like budget overruns, technical debt, skill gaps.
- Foster a collaborative, agile culture versus rigid silos.
- Make changes progressively in small steps rather than big bang approach.
- Incentivize behaviors that reinforce strategy - innovation, testing, upskilling.
- Review strategy periodically to validate or adjust based on performance.
