Most leaders realize they need to leave their traditional business model behind and digitize operations, but many don’t know where to turn for guidance on improving customer experience, operational efficiency and experimenting with new business models.
Peter Weill, award-winning author, research scientist and chair of the Center for Information Systems Research (CISR) at the MIT Sloan School of Management, helps organizations design and leverage a powerful digital strategy so they can better compete in the 21st century.
For years, he has been helping boards and executives digitally transform their institutions so they can exponentially scale business and sustain growth well into the future. He has conducted workshops for executive committees and boards of more than 50 companies globally, and for key conferences, including the CEO summits of both Microsoft and SAP. Weill also educates leaders about the role, value and governance of digitization within enterprises and their ecosystems.
“Digital transformation is made possible when a board of directors truly understands, through experience and education, the impact that emerging technologies will have on success over the next decade,” explains Weill, author of the definitive leadership handbook, “IT Savvy: What Top Executives Must Know to Go from Pain to Gain,” which was named a #1 must-read by CIO Insights.
A dynamic speaker and sought-after advisor, Weill helps decision makers understand the pathways to digital transformation and empowers managers to lead the digital shift so they can drive growth and efficiencies while markedly increasing revenue. His machine learning work at CISR reveals that companies with digitally-savvy board members routinely outpace their competitors on key metrics, including 38 percent higher revenue growth, 17 percent higher profit margin, 34 percent higher market cap growth and 34 percent higher return on assets. His acclaimed book “What’s Your Digital Business Model?” is an indispensable resource for any leader looking to up their digital game.
“Weill and Woerner’s book provides a very useful framework for analyzing the best business model option and developing a transformation strategy in response to the digital revolution every company is going through,” remarked James I. Cash Jr., lead independent director at Walmart.
“Our framework teaches executives a new language for thinking through competitive environments in the digital era,” says Weill. “It allows organizations to better understand their place along their own digital journey, as well as which practices will get them where they need to go.”
PRAISE FOR “WHAT’S YOUR DIGITAL BUSINESS MODEL?”
“This book will help companies to take a hard look at their digital transformation strategies and show them how to win in the fourth industrial revolution.” – Francisco Gonzalez, Group Executive Chairman, BBVA
“An essential decision guide to navigate digitization, ask the right questions, and make the right choices. Based on a wealth of data points and real-life examples, this book offers practical, step-by-step tips to define and execute a winning digital transformation.” – Jean-Pascal Tricoire, Chairman and CEO, Schneider Electric
“Weill and Woerner’s book is a must-read primer for CEOs wondering why they need to digitally transform their companies and how to succeed in the endeavor.” – Fernando A. Gonzalez, CEO, CEMEX
“Weill and Woerner bring laser focus to the pressing need for enterprises to digitize their business models. This book is a practical, hopeful guide for executives and boards alike, providing a call to action and a framework for execution that blends cutting-edge research with real-world examples.” – Jennifer S. Banner, CEO, Schaad Companies, Lead Director, BB&T
“The authors provide a simple but powerful framework for enterprises to reinvent their business models for the digital age. Their probing questions, self-assessments, and real-life examples make this book a must-read for everyone who wants to make their digital transformation a success.” – Sammy Lee, Chairman and Chief Invisible Officer, LKK Health Products Group