Explain how the advantages and disadvantages of leading in the virtual world can affect how a leader creates and maintains trust
As the world is moving towards the digital age, digital transformation is very much required for each and every Organisation in the world to stay in the competition. By implementing multiple digital Technologies who can directly interact with people and other systems is the requirement of today’s organisations.
For executive new plans and earning your business in the global level digitization of your company is a must . If a company is not digital then its reach would be very limited and application of the latest Strategies and management system would not be possible by any means which would result in the decrease efficiency and productivity of the company. The customer required enormous amount of information to buy a specific products from your organisation which is not possible in the traditional way of business.
By implementing the digital technology into your system you can easily provide huge amount of data and very less amount of time to your customers and this would result in increased sales and efficiency of your organisation. Digitization of the organisations is providing a better connectivity between the customer and the system even the management is much easier if the company is digitized. Highly efficient endless error creation is also a reason for the company to take the digital transformation.
If a company is not digitally transform then it would be feeling in the race of being connected to the rest of the world as everything is based on Internet and machinery are also going digital. Bi implementation of the digital change in a company, they are being benefited by better time management and the data management which is required for each and every company on a regular basis.
By keeping yourself ahead in this digital age you can easily build a trust of the customer by providing them the latest data as well as by being transparent. Been transparent is one of the most beneficial things of being Virtually advance and creates a loyalty and level of trust in the customer.