Strategy holds its own importance, but it should never overshadow the role of culture. Peter Drucker's statement ‘Culture eats strategy for breakfast’ emphasises that an organisation's culture, encompassing its values, norms, and behaviours, greatly influences the implementation of its strategy. Even a well-crafted strategy can stumble within a toxic culture, while a positive and robust culture can drive success, even in the absence of flawless strategic plans.

Digital Transformation has evolved from a buzzword to a business imperative. It's the strategic, organisational change that leverages digital technologies to drive improved performance and competitiveness. However, the accelerating cycle of innovation leaves no room for delay, as businesses must adapt or face obsolescence.

At Fiora, we believe that the path to innovation and progress often involves revisiting past case histories, uncovering lessons that can help shape future decisions. One such case that has been a constant source of learning for us is the story of Blockbuster, an efficient business model that was once the epitome of movie rental success. However, a critical lack of external focus and the inability to assimilate outside influences led to its ultimate downfall. Interestingly, Blockbuster had a chance to buy Netflix, a then-emerging platform that later revolutionised the movie and TV industry, but they declined (hindsight is a wonderful thing).

Digital maturity is a journey filled with opportunities, but it also presents numerous potential pitfalls. Some of the most critical yet often overlooked fail points are listed below ranging from the sole focus on technology to the exclusion of culture.

The business environment has become highly competitive in recent years, and organisations are looking for ways to stand out from the competition. One of the most effective ways to do this is to adopt a consumer/customer-centric (user-centric) approach to work. This approach focuses on meeting the needs and expectations of users at every stage of the product or service life cycle. 

It really is difficult, it can feel like re-wiring a plane while in flight. Digital transformation has become an imperative for organisations of all sizes and across all industries. It represents a holistic shift from traditional ways of doing business to a more technologically integrated and data-driven approach. However, despite the evident benefits, many digital transformations fail to achieve their expected outcomes, with estimates suggesting a staggering failure rate of from 70% - 80% according to several studies.

In today's digital landscape, businesses are constantly facing the challenge of staying relevant, competitive, and resilient. The rapid advancement of technology has transformed traditional business models and strategies, necessitating a shift towards embracing digital maturity and purposeful transformation.

In today's rapidly evolving digital landscape, organisations must adapt and innovate to remain competitive. Achieving digital maturity and transformation is essential for businesses to thrive in this environment, and there are numerous models and approaches to choose from. However, the Fiora Digital Maturity Model stands out from the rest, offering a unique and comprehensive approach to digital transformation built on extensive research, data, and industry insights.

Digital maturity is a concept that's re-shaping the business world, creating exciting new opportunities across every industry sector and market. It has already helped businesses outperform their competitors, enabling them to generate significant growth and deliver enhanced brand value. Understanding the mechanics of this transformational business approach – and how to apply them – are critical to your own sustainable success.