Worldwide spend on digital transformation will reach $3.4 trillion dollars by 2026, according to IDC. Across all industries, companies feel the pressure to “adapt, evolve, or die.”
Yet a new study reveals only 15% of executives are confident in their organization’s ability to adapt to change.
Economist Impact, commissioned by Planview, developed a survey to uncover common disconnects in strategy implementation that are leading to failures in critical initiatives.
The findings came from 600 executives across seven countries and six industries, supplemented by a series of expert interviews. The findings show:
- Only 14% of executives expressed confidence in their company’s decision-making governance.
- 84% of executives recognize the need to improve data-driven decision making.
- The vast majority of respondents think their organization needs to improve accountability in strategy implementation (86%), as well as goal-setting and performance-monitoring systems (84%).
- Alarmingly, just 20% of executives are confident in the resources allocated for implementation.
To address these disconnects, the research outlines an interconnected and interdependent framework for driving change – effectively serving as a blueprint for bridging the strategy-implementation gap.
The report, written by Economist Impact and supported by Planview, reveals five recommendations for executives who want to maximize the return on their company’s digital investments.
Download the report to learn the implications for leaders.
Worldwide spend on digital transformation will reach $3.4 trillion dollars by 2026, according to IDC. Across all industries, companies feel the pressure to “adapt, evolve, or die.”
Yet a new study reveals only 15% of executives are confident in their organization’s ability to adapt to change.
Economist Impact, commissioned by Planview, developed a survey to uncover common disconnects in strategy implementation that are leading to failures in critical initiatives.
The findings came from 600 executives across seven countries and six industries, supplemented by a series of expert interviews. The findings show:
- Only 14% of executives expressed confidence in their company’s decision-making governance.
- 84% of executives recognize the need to improve data-driven decision making.
- The vast majority of respondents think their organization needs to improve accountability in strategy implementation (86%), as well as goal-setting and performance-monitoring systems (84%).
- Alarmingly, just 20% of executives are confident in the resources allocated for implementation.
To address these disconnects, the research outlines an interconnected and interdependent framework for driving change – effectively serving as a blueprint for bridging the strategy-implementation gap.
The report, written by Economist Impact and supported by Planview, reveals five recommendations for executives who want to maximize the return on their company’s critical investments.
Download the report to learn the implications for leaders.
