Innovation Strategies: Part 5 — Leading DX Innovation and Five Keys to Success
This IDC study provides a set of five guiding principles for CIOs and other IT executives for becoming superior innovation leaders. The guidance in this study is derived from industry research and IDC customer experiences. By adopting these practices, CIOs and senior managers will enhance their ability to:Improve the effectiveness of their leadership and their IT organization in delivering DX innovation.Develop strategies for managing end-to-end DX — from innovation to integration to incorporation — using IDC's Leading in 3D (L3D) framework as a guide.Develop their organization's roles and competencies using guidelines that are specific to DX innovation.Create the flexible failure- and risk-tolerant organizational structure that is best suited to DX innovation."IDC has observed that DX always implies change in how a business develops its future structure and processes, designs products or services, or alters its relationship with the ecosystem and its customer experiences," says Fred Magee, adjunct research advisor with IDC's Executive Program. "Seen in that light, the challenge for CIOs in becoming leaders of DX innovation lies in understanding the basic changes in how their organizations must be structured, incentivized, managed, directed, supported, encouraged, rewarded, and led."
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