Skip to content

Growth Strategy — from the Core Legacy Business to the New Digital Business

A selection of old Verbatim diskettes

For companies striving for digital growth, one thing applies above all else: There is NO TIME TO LOSE. Especially if this happens in the context of an “expiring” business model.

If the gap between the core legacy business and the new digital business becomes too big, the company faces significant challenges. These are difficult to compensate for.

Core Legacy Business vs New Digital Business
Incumbent companies have to run today’s core business, while simultaneously preparing for its disruption

Despite the wave of digitization – or exactly because of it – many medium-sized companies are still at risk of falling further behind. Their strategies, but above all their implementation, are still not digitally driven enough. If they wait too long, they can hardly catch up later.

Or to put it more concretely, these companies…

  • often fall short of attracting the best talent and
  • catching up later will be quite expensive.

So, instead of waiting too long, tackle it now!

Cover image: S Migaj on Unsplash

Disclaimer: The information provided in this post is solely the author’s opinion and not investment advice — it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.
Did you know?
Mike Flache

Once a week, I send out an email with insights into digital growth. It is written for doers and leaders. And it is read by entrepreneurs, shareholders, and executives, including Fortune 500 CEOs.

Enabling digital growth

Leverage Tomorrow's Business Opportunities Today

A global perspective on digital business trends and innovation. Thursdays by email, no spam.

By submitting the information above, we will send you emails from Mike Flache with insights and perspectives on digital growth. You can always opt-out by clicking on the unsubscribe link within those emails. By clicking “Sign up – it's free” you agree to our privacy policy.