In a recent set of keynotes and consulting engagements in the US, UK and Canada, I’ve had an overwhelming feeling that in very fundamental ways some companies make imprecise choices when it comes to their digital strategy. Not because they don’t have enough money or opportunity or people. But, simply because their broader framing of what the problem was, and what their chosen solution would deliver.
The heartbreaking part of these, often innocently made, choices is any lack of meaningful progress in digitizing their companies. It saddens me deeply that they are not being able to take full advantage of all the new product, marketing, customer relationship opportunities in front of them. Because, I’m sure like you, I’m humbled by the immense opportunity digital presents.
This post covers five of these heartbreaking misses in the broader framing. My hope is that 1. You’ll understand what’s wrong in terms of the strategic choice being made and 2. Get an extremely clear sense for what the right choice is in each case. I’ve suffered enough bruises on the front-lines from trying to re-imagine the current and revolutionize the future across multiple industry verticals, countries, opportunity sizes. Consider this to be a collection of wisdom from those tough lessons – from wins and losses.
Since in almost every case the imprecise framing is strategic, the true consumer of this post is your boss’s boss’s boss. Sadly, we can’t get to them here. But, at least you and I can get on the same page and perhaps I can convince you to take our message to her/him.
Here are the digital myths that are leading us down a profoundly sub-optimal path:
1. Programmatic platforms are a