According to a study conducted by McKinsey Global Institute, five key management themes are jointly critical to the success of digital transformation: mobilization, talent management, transparency, commitment and agility. The combination of all five aspects would increase companies' success rate of digital transformation initiatives by 45 percent and reduce failure by 11 percent.
Management factors affecting the odds of digital transformation worldwide as of 2018
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Effect on reducing failure
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McKinsey & Company. (May 21, 2019). Management factors affecting the odds of digital transformation worldwide as of 2018 [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1133401/management-themes-affecting-success-of-digital-transformation/
McKinsey & Company. "Management factors affecting the odds of digital transformation worldwide as of 2018." Chart. May 21, 2019. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1133401/management-themes-affecting-success-of-digital-transformation/
McKinsey & Company. (2019). Management factors affecting the odds of digital transformation worldwide as of 2018. Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1133401/management-themes-affecting-success-of-digital-transformation/
McKinsey & Company. "Management Factors Affecting The Odds of Digital Transformation Worldwide as of 2018." Statista, Statista Inc., 21 May 2019, https://www.statista.com/statistics/1133401/management-themes-affecting-success-of-digital-transformation/
McKinsey & Company, Management factors affecting the odds of digital transformation worldwide as of 2018 Statista, https://www.statista.com/statistics/1133401/management-themes-affecting-success-of-digital-transformation/ (last visited September 01, 2024)
Management factors affecting the odds of digital transformation worldwide as of 2018 [Graph], McKinsey & Company, May 21, 2019. [Online]. Available: https://www.statista.com/statistics/1133401/management-themes-affecting-success-of-digital-transformation/