With the advent of the digital economy, the impacts of information technologies on business models, value chain activities and products and services are becoming even more strategic. As digital giants such as Apple, Google, Facebook, Amazon and Netflix disrupt industries, established and new firms are making digital transformation the highest priority on their executive leadership agenda. Chief Information Officers (CIOs) and IT Directors are witnessing a dramatic transformation in their roles as strategy catalysts and stewards of their organization’s digital transformation strategies.
This three-day program is a comprehensive experience for senior IS executives (including CIOs, VPs of key IS functions – CTOs and IT Directors) to increase their knowledge and skills about how to be effective executive leaders. The program will include frameworks, action plans, and best practices for digital transformation across a wide variety of industries.
- Roles and responsibilities of the CIO and IT Director in a digital economy
- Sources and consequences of digital disruption and transformation across industries
- New business models that are becoming prevalent through the power of digitization and digital technologies (mobility, analytics, social, cloud and Internet of Things)
- Conducting strategic analysis of digital disruptions and facilitating reinvention of business models
- Working collaboratively with their executive peers (C-level executives) in developing digital transformation strategies for their firms
- Articulating compelling business cases for making digital investments
- Reimagining effective organizational models to build business partnerships inside and outside the firm
The sessions will be highly interactive and comprise of limited lectures (to present new frameworks), case discussions, breakout projects and action learning, whereby participants will have the opportunity to apply the new knowledge within their own organization.
Session 1 – The Digitization of Businesses
- What is a digital economy?
- How are digital technologies impacting competitive strategy?
- What is the competitive landscape in a digital economy?
- What are the emerging roles of the CIO and IT Director in the digital economy?
Session 2 – Fundamentals of Competitive Strategy
- What is business strategy?
- Why is competitive positioning important?
- How do competitive forces affect a firm’s strategy?
- What are the alternative competitive positions?
- Why are resources and capabilities important to competitive strategy?
- What are the differences between resources and capabilities?
- How should digital technologies be utilized as competitive resources and capabilities?
Session 3 – Synchronizing Business and IT Strategy: Business Model Execution
- What is a business model?
- What are the strategic roles of IT?
- How can you identify opportunities for enhancing business model execution through IT?
Session 4 – Action Learning through breakout teams
- What is your firm’s business model?
- How are you leveraging IT in your business model?
Session 1 – Presentations of Action Learning
Session 2 – Transforming Business Strategy: Digital Business Model Innovation
- How can digital technologies be leveraged for business model innovation?
- What is the new economics of information?
- What are the new rules of digital transformation and competitive strategy?
- What are the platform business models?
- What are the rules of platform model competition?
Session 3 – Digital Business Model Innovation and Transformation
- Why are digital technologies likely to disrupt industries?
- How should business models be redesigned to address digital disruptions?
Session 4 – Action Learning through breakout teams
- How will you transform your firm’s business model through digitization?
- What platform model opportunities or threats do you sense to your firm’s business model?
Session 1 – New Organizational models for Digital Innovation
- How should CIOs design their business and IT governance strategy?
- What governance structures and processes should be considered in the design of governance models?
- What are the emerging organizational models for nurturing digital innovation?
Session 2 – Integrated Metrics Portfolio for Digital Innovation
- How should CIOs facilitate partnerships with their business peers and CEOs?
- How should CIOs structure their metrics portfolios and communication strategies with business executives and CEOs?
Session 3 – Making the Business Case for Digital Investments
- What are the challenges in developing compelling business cases?
- What are the alternative approaches toward business cases?
- How should compelling business cases be developed?
Session 4 – Guiding Digital Transformations
- What are the change management challenges in digital transformations?
- What are the best practices for successfully leading digital transformations?
Summary and Conclusion
- Final questions, group discussion of key takeaways
- Closing remarks
End of Course / Questions and answers
Who Should Attend?
This comprehensive three-day course is designed specifically for:
- Chief Information Officers (CIOs)
- Chief Technology Officers (CTOs)
- IT Directors
- IT Managers
- Chief Operating Officers
- Senior Technology General Managers