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Digital Leadership: Meeting The Challenge Of Leading In A Digitally Transformed World

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Abstract

The digital transformation of organizations and society has created a set of novel challenges for leaders. To succeed in this new context, ‘digital leaders’ require new competencies: new technological competencies to lead in organizations where digital technology is inextricably embedded in everyday activity; new organizational competencies to build and lead teams that can utilize new technologies as well as inspire millennial workers who have grown up in a digitally transformed world; and, finally, new ethical competencies to navigate the ethical dilemmas created by the introduction of digital technologies in their organizations. Developing digital leaders is, therefore, a key part of the digital transformation of any firm and a failure to develop digital leadership at all levels will limit the impact of even the best-planned and executed efforts at digital transformation.

Suggested Citation

  • Phillips, Nelson, 2021. "Digital Leadership: Meeting The Challenge Of Leading In A Digitally Transformed World," Journal of Financial Transformation, Capco Institute, vol. 52, pages 8-15.
  • Handle: RePEc:ris:jofitr:1653
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    Keywords

    Digital Leadership; Digital Transformation; Leadership Development; Leadership Competencies;
    All these keywords.

    JEL classification:

    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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