About this item
Highlights
- Digital transformation is much more than building a digital infrastructure to gather and process data.
- About the Author: Michael Lenox is the Tayloe Murphy Professor of Business Administration at the University of Virginia's Darden School of Business.
- 192 Pages
- Business + Money Management, Strategic Planning
Description
About the Book
"Digital transformation is an ongoing process of the marketplace and one that requires continual strategic planning, reflection, and action. Organizations must constantly reconsider their digital transformation strategies in order to leverage new technologies and access to new data sets, as new competitors continue to emerge. In this environment, successful managers will constantly ask: how are you going to competitively position your organization in a digitally transforming marketplace? How will you create value for your business in new ways, including changing your value proposition by leveraging data and adopting new business models available in a digital world? How will you capture value in a world where the basis for competitive advantage is shifting, especially when marked by platforms and network externalities? And what capabilities do you need to secure this, and how will you develop them? Timely in its analysis, the book covers major topics such as big tech, data analytics, artificial intelligence, blockchain, cryptocurrency, autonomy, cybersecurity, data privacy, and antitrust. Michael Lenox delivers an insightful volume that offers a foundational understanding of this dynamic environment, and an action plan for those seeking a path to digital strategy implementation for their organization"--Book Synopsis
Digital transformation is much more than building a digital infrastructure to gather and process data. It is about understanding how digital technologies enable the creation of innovative services and products. It is about identifying new competitive positions and business models and thinking critically about how to both create and capture value. Strategy in the Digital Age directly engages these concerns and provides a comprehensive roadmap for planning a successful digital strategy and executing a digital transformation in organizations.
Covering major topics such as big tech, data analytics, artificial intelligence, blockchain, cryptocurrency, autonomy, cybersecurity, data privacy, and antitrust, strategy expert Michael Lenox outlines a set of novel, original frameworks to help those undertaking digital transformation at their organization devise their strategy. Readers will also come away with a greater understanding of how to navigate the human dimension of digital transformation and tackle the numerous social and policy challenges raised by digital technology. With insights from major companies such as Spotify, Facebook, and Uber, Lenox delivers a compelling volume that offers both a foundational understanding of this dynamic environment and an action plan for those seeking a path to digital strategy implementation for their organization.
Review Quotes
"Lenox's clear, concise text offers a great introduction to the world of digital tools and their management. Recommended."--S. A. Schulman, CHOICE
"Lenox delivers a compelling volume that offers both a foundational understanding of this dynamic environment and an action plan for those seeking a path to digital strategy implementation for their organization."--Steve Brock, Stevo's Novel Ideas
"Strategy in the Digital Age provides a powerful introduction to digital transformation through a strategic lens. It is a short book that focuses on the important decisions critical for success without getting bogged down in the specific (and always changing) details. Know who you are, decide who you want to become, hire great people, and decisively move forward in a manner consistent with your values. I recommend this book to leaders seeking to better understand either strategy or how technology is impacting all industries (or both)."--Russell McGuire, ClearPurpose
"A timely reminder of the importance of strategy in the world of digital disruption. This book is chock-full with valuable tools that will help not only in crafting a strategy, but also in thinking through the organizational challenges to implement it."--Nicolaj Siggelkow, David M. Knott Professor, Vice Dean MBA Program, The Wharton School
"Michael Lenox captures the complexities and opportunities coming from digital transformation. This book offers a practical guide to CEOs with real examples and radical simplicity."--Pablo Ciano, CEO, DHL eCommerce Solutions
"This book brilliantly marries an articulation of the idiosyncrasies of the digital setting, with bespoke advice for those who compete in such a setting. A must-read for anyone in pursuit of actionable insights anchored in academic research."--Gary Dushnitsky, Associate Professor of Strategy and Entrepreneurship, London Business School
About the Author
Michael Lenox is the Tayloe Murphy Professor of Business Administration at the University of Virginia's Darden School of Business. He is the coauthor of The Decarbonization Imperative: Transforming the Global Economy by 2050 (Stanford, 2021) and Can Business Save the Earth: Innovating Our Way to Sustainability (Stanford, 2018).