10 Major Challenges of Profitable Digital Transformation

 18/10/2019
By Dr. Alin Posteucă

More and more companies are lining up for the new journey of profitable digital transformation.

The following 10 major challenges of profitable digital transformation I have met in several production companies in recent months:

  1. The Lack of Real Managerial Commitment for Digital Transformation;
  2. Lack of a Robust Multiannual Master Plan for Digital Transformation;
  3. Resistance to Change at All Levels;
  4. The Lack of Total and Continuous Involvement of All Departments and Beyond;
  5. Reactive Managerial Behaviour;
  6. Poor or Poorly Defined Processes (especially the future ones);
  7. Poor or Poorly Defined Work Method (especially the future ones);
  8. Incorrect and/or Incomplete Improvement Project Implementation;
  9. Lack of a Real Pre-assessment Mechanism of the Opportunity and Feasibility of Digital Transformation;
  10. Make-or-Buy Digital Transformation.

Are these major challenges true? Which do you think are the most important? Why?

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Dr. Alin Posteucă is the founder and CEO of Exegens®, a global consulting firm specialized in cost competitiveness improvement and operational excellence. It helps customers create and implement profitable strategies and cost improvement programs that ensure a unit cost improvement of at least 6% per year for each of the next 5 years by maximizing the efficiency and effectiveness of operations.

He is the author of Manufacturing Cost Policy Deployment (MCPD) concept, published in three books at Productivity Press – Routledge/ CRC, New York (USA). The latest, ”Manufacturing Cost Policy Deployment (MCPD) Profitability Scenarios: Systematic and Systemic Improvement of Manufacturing Costs” (October 2018) is based on its main belief that the annual and multiannual target profit can be achieved irrespective of the sales volumes, increasing or decreasing. He is also the co-author of the book ”Manufacturing Cost Policy Deployment (MCPD) and Methods Design Concept (MDC): The Path to Competitiveness”, published at Productivity Press New York (USA), 2017, as well as the author of the book ”Manufacturing Cost Policy Deployment (MCPD) Transformation: Uncovering Hidden Reserves of Profitability”, published at Productivity Press din New York (USA), February 2018.

Alin Posteucă has more than 20 years of experience in Cost Improvement consulting and training. He has a PhD degree in Industrial Engineering and a PhD degree in Economics.