Words by Emina Sotto / Graphics by Clarence Abiera and Jillian Bueno
The future is digital.
In this day and age, the business concept called “digital transformation” is seen as a necessary step for organizations to evolve with the changing times. This means using new technologies to radically change how people work by challenging their mindsets and the daily work processes they rely upon. It’s introducing new methods in your organization to make it more efficient. It can be as simple as switching to the Cloud or as complex as utilizing artificial intelligence.
Philippine Retail Summit 2018 speaker David Bonifacio (Director of Strategy of CBTL Holdings Inc.) shares 5 helpful tips in achieving your business’ digital transformation so you can take your business to the future.
5 Helpful Tips for Taking Your Business to the Future
5. Preparation is key.
Digital transformation is a journey. Thus, you must prepare as an organization. Set your goals and prioritize! Shifting to a more sophisticated system means that there is more you need to learn. Don’t forget to prepare your people for this change! Otherwise, it will be all for nothing.
4. Be open to change; adapt and evolve.
In this day and age, technological advancements are rapidly evolving day by day. But don’t be afraid of these changes! You have to be open to change by investing on and learning new technology. You cannot be set in your own ways, you must grow with the times, slowly but surely. Let your business grow with you.
3. Get wise counsel.
Acknowledge that at times, you may be limited. Learn to humble yourself by asking for advice from experts and professionals, especially if you are hesitant in making any decision on your digital transformation. Getting a second opinion helps you see other perspectives and allows you to see possible blind spots that you may have missed or had never seen before.
2. Don’t give up.
No matter what obstacles may come your way, don’t give up. The exciting thing about progress is that there is no end. Focus on constantly improving your organization and get used to never settling!
1. Enjoy the journey.
Learn from your mistakes and work towards a better future, but don’t forget to enjoy the ride! Transform as an organization, together.
The Philippine Retail Summit 2018 was held at the SMX Convention Center in SM Aura. The Philippine Retail Summit 2018 was organized by Retail Associates.
Retail Associates
3501 Raffles Corporate Center, F. Ortigas Jr. Road, Ortigas Center, Pasig City
02 621 2344
info@retail-associates.com
