Companies With a Digitally Savvy Top Management Team Perform Better
Name
2020_0301_TMTDigitalSavvy_WeillWoernerShah.pdf
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301.9 KB
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Author(s)
Weill, Peter
Woerner, Stephanie L.
Shah, Aman
Date Issued
March 19, 2020
Publisher
Cambridge, Mass.: Center for Information Systems Research, Sloan School of Management, Massachusetts Institute of Technology
Citation
Weill, Peter, Stephanie L. Woerner, and Aman Shah. “Companies With a Digitally Savvy Top Management Team Perform Better.” MIT CISR Research Briefing Volume XX, no. 3 (March 2020). https://dspace.mit.edu/handle/1721.1/174868.
Series/Report no.
MIT CISR Research Briefing, Vol. XX, No. 3
Abstract
Our current global MIT CISR study of the digital savvy of companies top management teams (TMTs) indicates that among larger companies, only a small fraction 7 percent had a TMT more than half made up of digitally savvy members, and those companies outperformed the rest on growth and valuation by more than 48 percent. But achieving a threshold of 50 percent of TMT members who are digital savvy isn t necessary to benefit the company; we have found that as the percentage of TMT members with digital savviness increases, performance increases for net margin, revenue growth, and valuation. In this briefing, we will describe our research methodology, explain the results, share observations of executives who have recently become digitally savvy, and suggest actions to increase the digital savviness of your TMT.
Subjects
Assessing Performance and Value
Top Performers
CxO Leadership
Digital Savvy
Terms of Use
CC BY-NC 4.0 (Attribution-NonCommercial 4.0 International)
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