Imagine, for instance, having technology that would allow you to track people and assets in your facility.

Not every technology will work for every company, and the investment they require can be significant. It’s important to understand exactly how your employees will be using the technology and to educate yourself on what’s realistic for your operation and that your not just throwing money away on new tools that nobody will ever use.

Yet if we want to enable innovation and go digital we need to work through three phases of detailed work:

1. The appropriate identification to analyze existing strategy, identify the competitive forces, understand the business model drivers and pull together in an outline the objectives, performance and value opportunities;
2. Set about planning these out, analyze, discovering potential pain points, the critical success factors, benchmarking others, defining the innovation and transformational need;
3. We go to the creation part, what we can do and this requires producing different strategic maps, scorecards, value maps, performance measures and finally how we would prioritize innovation and those transformation initiatives.