https://blog.hypeinnovation.com/digital-transformation-are-you-ready-to-transform-and-change-your-innovation-approaches?hsCtaTracking=33422a0f-ec57-452b-80ec-d944277169c6%7Cf6d55840-e4c8-4ace-9a26-179275a2bfe2 summaries the article given in 150 words, please. [ this is my answer I am not sure if all the important points is in here. this summary is very important please help ]
https://blog.hypeinnovation.com/digital-transformation-are-you-ready-to-transform-and-change-your-innovation-approaches?hsCtaTracking=33422a0f-ec57-452b-80ec-d944277169c6%7Cf6d55840-e4c8-4ace-9a26-179275a2bfe2
summaries the article given in 150 words, please.
[ this is my answer I am not sure if all the important points is in here. this summary is very important please help ]
Answer:
Digital business transformation is an organizational change journey to adopt digital technologies and business models to improve performance. McKinsey in 2011 identified that 72% of transformation programs fail to deliver on their targets. Zara, owned by Inditex, has been exceling at insight capture, says Amitai Etzioni. To achieve MVT we need to rethink business systems and the whole go-to-market potential, says IMD COO Jim Boulden, COO of IMD. The key to innovation is experimentation and this needs flexibility, to adapt, be agile, to test ideas, says Etzionsi. For Zara,. the quality and timeliness of employee insights help the company identify what will sell, with few misses, EtzIONi says. The business model encourages customers to visit the stores often to get the styles they want, because clothes are produced in limited quantities, he says. It is less than 1 percent of Zara's products fail, despite producing 10 times more products per year.
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