KPMG and Egon Zehnder release a global mindset study on the status quo of digitalization in the automotive industry. While awareness is high, mindset and openness to approaching truly new paths are low.
Awareness of digitalization is high and change initiatives are numerous in the automotive industry. Yet on a strategic and cultural level, change is hardly taking place, claims a joint global automotive study by KPMG and Egon Zehnder. The survey, which interviewed 527 auto executives from around the world, determines that most automotive companies are not prepared for the digital shift disrupting the industry. Stalling at the executive level prevents a deeper transformation journey which includes organizational alignment. Largescale change is not possible without a tech-first mindset shift.
Christoffer Sellberg, Head of Automotive at KPMG Sweden, comments on the study:
“In the study it becomes clear that the industry is still caught up in its traditional mindset. The automotive industry need to focus on their future vision and how to move the industry towards new and digital partnerships”.
The automotive industry is one of many that is trying to figure out how to approach the Digital Gravity. There are mainly 6 clear guiding principles to live after in order to cope with transformation according to our survey findings.
These steps are impossible without a serving, inquisitive and humble leadership that needs to be lived from the top. Although you continue to need strong executional direction, establishing this new culture of openness with curiosity and the power to connect is essential. The spirit of collaborative leadership needs to prevail – and will ultimately enable your organization to accomplish something new and better.
Learn more about the survey’s results via the link below or on the interactive Digital Gravity platform