Three quarters of CFOs believe that their company’s approach to strategy enables them to respond to external market shifts, according to new global research from Workday—but there’s still much work to do on the journey to organizational agility. The study “Organizational Agility at Scale: The Key to Driving Digital Growth,” conducted by Longitude, surveyed almost 1,000 business leaders across Asia, Europe, and North America. Inflexible legacy technologies, a lack of back-office integration and a shortage of relevant skills provide the main barriers to finance becoming a more agile function in the future.
The research focused on how organizations can translate their digital transformation investments into the right business outcomes. The findings highlight a strong correlation between digital revenue growth and organizational agility—a set of behaviors that help leading businesses drive digital revenue growth and shift digital transformation from a one-time event to an ongoing, new way of operating.
Leaders, Laggards, and Aspirers: A Small Cohort Forge Ahead of the Pack
In the survey, Workday identified a group of leading organizations whose characteristics indicate they have embraced agility as part of their day-to-day operations in order to successfully transform their business for digital revenue growth. This group, the “leaders,” make up