“Driving change in a digital world: ING’s Koseoglu leads the way”

by | Jul 30, 2023 | News, Technology

Think about a world where digital transformation is no longer an option, but a survival strategy. Yes, you heard it right – if businesses want to remain competitive and relevant in today's market, they need to embrace digital transformation. Intriguingly enough, the need for strategic leadership in this area is becoming more critical than ever. But don't just take our word for it.

The Rise of Transformational Leadership

Recently an event highlighted the growing importance of business transformation: Gorkem Koseoglu was appointed as the Chief Transformation Officer (CTO) at ING, one of Europe's leading financial institutions. The significance? His role represents the critical importance organizations are placing on strategic leadership for successful business transformations.

With vast experience in and innovation, Koseoglu exemplifies the type of visionary leader that companies need to navigate today's turbulent technological waters. And believe it or not…

It's Not Just About Financial Institutions

This trend isn't limited to financial institutions; CTO roles have seen a remarkable 30% increase within Fortune 500 companies over the last five years according to LinkedIn data. Surprising?

Well, it shouldn't be. It's clear that organizations are recognizing the need for leaders who can guide their teams through radical changes while keeping an eye on innovation and productivity.

The Road Ahead: Plan, Execute & Innovate

  • Meticulous planning – check.
  • Persistence – check.
  • Innovation – Double check!

Sounds like a lot? Well yes! But remember what Thomas Edison once said: “There's a way to do it better – find it”. This mindset becomes crucial when heading business transformations.

A Wake-Up Call?

IBM's 2020 Global C-suite Study revealed something rather alarming: “60% of executives believe traditional business models will cease to exist within the next five years due to rapid technological advancements”.

“16%” managed “to improve performance significantly while sustaining those improvements” among worldwide digital transformations.

This is certainly not meant to dishearten you but rather highlight why capable leaders with strategic development skills and technical understanding are becoming indispensable.

Einstein Once Said…

“We cannot solve our problems with the same thinking we used when we created them.” Quite insightful wouldn't you agree? As businesses grapple with complexities brought forth by advancing technologies, they must be open-minded and adapt new methodologies for problem-solving.

So what does this mean for your business?

It means fostering cultures conducive for constant evolution if businesses wish not just survive but thrive amidst rapid technological advancements dictating change at an unprecedented speed.

To wrap up this perspective on business transformation today let us remember James Cash Penney's wise words- “Growth is never by mere chance; it is the result of forces working together.” indeed represents one force propelling growth amidst swift market changes; but capable leadership stands as another significant force often overlooked yet absolutely essential driving successful enterprise-wide transformations forward into tomorrow's promise realized today.

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