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The Economics of Data, Analytics, and Digital Transformation

You're reading from  The Economics of Data, Analytics, and Digital Transformation

Product type Book
Published in Nov 2020
Publisher Packt
ISBN-13 9781800561410
Pages 260 pages
Edition 1st Edition
Languages
Author (1):
Bill Schmarzo Bill Schmarzo
Profile icon Bill Schmarzo

Table of Contents (14) Chapters

Preface The CEO Mandate: Become Value‑driven, Not Data-driven Value Engineering: The Secret Sauce for Data Science Success A Review of Basic Economic Concepts University of San Francisco Economic Value of Data Research Paper The Economic Value of Data Theorems The Economics of Artificial Intelligence The Schmarzo Economic Digital Asset Valuation Theorem The 8 Laws of Digital Transformation Creating a Culture of Innovation Through Empowerment Other Books You May Enjoy
Index
Appendix A: My Most Popular Economics of Data, Analytics, and Digital Transformation Infographics
Appendix B: The Economics of Data, Analytics, and Digital Transformation Cheat Sheet

Chapter 9: Creating a Culture of Innovation Through Empowerment

  • Ambiguity—the quality of being open to more than one interpretation—is the key to human, society and organizational evolution.
  • Empowering your teams at the front line of customer engagement and operational execution will have more impact on the organization's digital transformation success than the strategizing and pontificating of senior management.
  • Empowerment #1: Gaining buy-in to the organization's Mission Statement requires everyone to internalize what that mission statement means to them, their jobs, and their personal principles.
  • Empowerment #2: Speaking the Language of the Customer ensures that everyone not only has the same customer-centricity focus but is speaking the same language that the customer uses.
  • Empowerment #3: Organizational Improvisation yields flexible and malleable teams that can maintain operational integrity while morphing the team's...
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