Classic Topics – Digital Business Models | MIT CISR

Building the Next-Generation Enterprise

Digital transformation is not about technology—it’s about change. And it is not whether that change will come, but a question of when and how. In the new digital economy, many enterprises won’t succeed by merely tweaking the management practices that led to past success. To thrive in a digitized universe, businesses of all sizes will need to reinvent themselves and substantially change their organizations.
Yet leaders often lack a common language to assess the degree of threat that digital disruption poses to their business, and—more importantly—the language to create a compelling vision for their enterprise’s success.

In this research, Weill and Woerner identify six key questions to inform an enterprise’s transformation strategy:

1. What is the digital threat and opportunity?
2. Which business model is best for your enterprise’s future?
3. What is your digital competitive advantage?
4. How will you connect using mobile and IOT?
5. Do you have the crucial capabilities to reinvent the enterprise?
6. Do you have the leadership to make the transformation happen?