We upgrade our lives every day through technology, new novel ways to connect with friends, information, and even our homes. Yet, when it comes to upgrading our businesses, many of us are hesitant to adopt new processes to better manage our business, clients, products, and teams.
As a recent study from Mint Jutras showed, in 2016 nearly 80% of SMBs agreed that digital transformation:
- offers heightened competitor advantage,
- is necessary for survival,
- has the potential to fundamentally change the way of doing business.
Unfortunately, two years later, only 17% of those same SMBs had taken steps to invest in their own digital transformation. What a stark contrast between how we manage our personal lives and our business.
Here at Rhodium Digital, the first theme we explore with business leaders is “What do you feel is holding your organization back from reaching its objectives?” One of the most common rationale we encounter: an ingrained work culture that fears technology, and preference to continue with the status quo - the way things have always been done.
For modern leaders our businesses function as an element of our identity. They offer stability and basic means for ourselves and our families. Beyond being works of passion they fill important roles for our teammates, clients and customers every day. Reframing a business structure to meet new opportunities and demands for connectivity is not a light undertaking.
Herein lies what many executives fear when it comes to digital transformation – the effort to change an ever-evolving landscape. Many leaders want access to real-time numbers and data that enables decision making as problems arise, or better yet before they arise. However, they struggle with the process of integrating new tools and processes into their organization. Choosing future-proof business management applications paired with consultation from experts you trust, helps ensure leaders can remain confident they won’t need to continually confront the hassles of tech advancements.
Register today for our upcoming Lunch & Learn, “The Modern Executive” on November 19th, 11:00am MST and learn how Rhodium applies Acumatica’s future-proof platform, complete with real-time dashboards, cloud access and powerful reporting to enable SMB leaders to operate with the peace of mind that they will not outgrow their technology.
Later this week, we’ll dive into the “The Two Biggest Hurdles Leaders Face in Digital Transformation”. If you feel the urge to explore digital transformation now, book a discovery call with us and experience Rhodium Digital’s custom approach to reframing your firm as a connected, responsive business.
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