Executive Programme in Digital Transformation

Teacher
IIM Indore
Category:
IIM Indore, Digital Transformation
Managed-Learning-Services-4

Institute: IIM Indore
Programme Start Date: 25th March, 2023
Admission: Open
Deadline to Apply: 1st January, 2023
Programme Type: LDP
Class Timings: Saturday, First session: 6:00 PM – 7:15 PM
Saturday, Second session: 7:30 PM – 8:45 PM

Course Overview

Synopsis

Digital transformation is racing ahead, and no industry is immune. This transformation forces wholesale change to the foundations of an enterprise — from its operating model to its infrastructure, what it sells, and to whom and how. Traditional business models are being pushed to the wayside, and many organisations are struggling to keep pace or, worse yet, resisting change altogether. Hence in order to stay relevant in the market companies and individuals alike must keep up with new digital trends if they wish to continue meeting consumer expectations.

Programme Overview

IIM Indore’s Executive Programme in Digital Transformation will help you understand the digital ecosystem and let you capitalise on the opportunities created by the new-age tech innovations and capabilities. The course promises an unparalleled educational experience marked by immersive, rigorous academics, engaging real-time case studies and stimulating interaction with fellow participants and world-class faculty.

Programme Highlights

  • Contextually designed 12-month programme
  • Campus immersion module of 3 days
  • Focus on real business use cases
  • Peer-learning & networking opportunities
  • Executive Education Alumni status of IIM Indore

Programme Details

Pedagogy

The teaching approach will be highly interactive and leverage technology and deploy diverse pedagogical tools and techniques, including lectures, case studies, assignments, quizzes, project work, etc.

Key Learning Outcomes

Upon successful completion of this course, students would be able to:
  • Gain a clear understanding of the digital marketing management
  • Understand the key aspects of the leadership role in digital transformation
  • Create room for business innovation
  • Gain knowledge on digital privacy and security

Programme Delivery

Sessions will be conducted via a state-of-the-art Interactive Learning (IL) platform and delivered in Direct-to-Device (D2D) mode that can be accessed by learners on their Desktop, Laptop, Tablet or Smartphone. Participants will be provided reading materials etc. for each course. They may also interact with the concerned faculty through e-mail/chat mode.

Who Should Attend?

  • Graduates with minimum 3 years of post-graduate experience.
  • Working professionals with 5-10 years’ experience, with a keen interest in applying technology to their workspace.
  • Working professionals with 10+ years’ experience who have evolved into their current roles but wish to be digitally updated and stay relevant with the times.

Eligibility Criteria

  • Diploma (10+2+3) or Bachelor’s Degree or equivalent (10+2+3) or 10+2+4) or 2 years Master’s Degree or equivalent from a recognised university (UGC/AICTE/DEC/AIU/State Government) in any discipline with minimum 50% aggregate marks of all the years.
  • Minimum 3 years of work experience is required post completion of qualifying education.
    * Internships and Trainee Experiences will not be considered in full-time work experience.

Admission Criteria

The selection will be based on candidate’s profile evaluation, subject to meeting eligibility criteria.

Assessment and Certification

Assessment

Evaluation methodology is at the discretion of the faculty. The methodology includes quizzes, assignments, tests, online exams, case analysis, class contribution and any other component as decided by the faculty.
The programme may require participants to work on individual/group assignments and/or projects. The main objective of such assignments/projects will be to help the participants apply their conceptual learning in the programme to actual organisational decision scenarios.
The participants will have to secure the minimum pass marks in the respective valuation components.

Certification & Alumni Status

Participants who successfully meet the evaluation criteria and satisfy the requisite attendance criteria, will be awarded a ‘Certificate of Completion’.
Successful participants will also be accorded IIM Indore Executive Education Alumni status. However, they will need to apply separately along with the necessary fee to register themselves. Current alumni membership plans are as follows:

  • 2-year membership – ₹1000/- + Applicable Taxes, if any
  • Lifetime membership – ₹10,000/- + Applicable Taxes, if any
IIM-Indore-EPDT-Certificate-scaled...

Attendance Criteria

A minimum of 75% attendance is a prerequisite for the successful completion of the programme. For less than 75% attendance, grade cut as per the norms will be applied.

Date & Fees

Programme Fee

ParticularsAmount* (₹)
Registration Fee10,000
Study Materials/Simulations /Library/ Assessment/ Closing Ceremony/Certification Fee21,000
Programme Fees1,80,000
Campus Fees12,500
Total Fees (exclusive of GST)2,20,000

Note:

Participant, at the time of application, pays ₹10,000 + GST which includes ₹2,500 towards Application Fee and ₹4,000 towards Programme Fee, and Bank Charges of ₹3,500

  • In case a  participant pays fee via NEFT, RTGS, IMPS, Cheque, or DD, they will get a waiver of 1.5% (maximum ₹3,500) on an overall fees of ₹2,63,100. Only applicable if all payments are made through same mode
  • In case a participant profile is rejected by IIM Indore, ₹7,500 (Bank Charges ₹3,500 only for applicable cases) is refunded to candidate and ₹2,500 of the application fee is non-refundable.
  • All Fees are payable directly to TEEL
  • *GST will be additional as applicable.

Instalment Schedule

InstalmentInstalment DateAmount* (₹)
At the time of Application10,000
1st InstalmentAt the time of admission75,000
2nd Instalment10th April 202375,000
3rd Instalment10th July 202363,500

*GST will be additional as applicable.

Programme Timelines

Application Closure 27th August 2022
Date for Academic Orientation 5th November 2022
The date for the 1st Session (Commencement of Programme Delivery) 12th November 2022
Programme End Date November 2023

Programme Content

1
Module 1 – Introduction to Digital Transformation

• Explore How Disruption Happens

• Finding New Opportunities for Digital Transformation

• Key Concepts of Digital Transformation

2
Module 2 – Digital Transformation Strategy

• Products vs Platforms and Multi-sided Markets Business Models of Digital Transformation

• Understanding Dynamics, Limitations, Challenges, and Opportunities of Business Models

• Key Components of Digital Transformation

• Transforming Customer Experience

• Improving Operational Efficiency

3
Module 3 – Building Data Ecosystem for Digital Transformation

• Big Data Technologies

• Internet of Things (IoT)

• Cloud Computing

• Leveraging Big Data, IoT, and Cloud Computing for Business Transformation and Competitive Advantage

4
Module 4 – Harnessing Data for Actionable Insights

• Machine Learning and Artificial Intelligence

• Data Visualisation

• Achieving Customer Centricity Through Data Insights

5
Module 5 – Privacy and Security Issues in Digital Enterprises
6
Module 6 – Business Model Innovation

• Design Thinking Concepts and Frameworks

• Business Model Testing and Implementation

• Business Model innovation in Various Industries

7
Module 7 – Adoption and Program Management Issues in Digital Transformation

• Change Management

• Role of Leadership in Digital Transformation

• Adoption Issues and Implementation Challenges

• Understanding your Organisation’s Readiness for Digital Transformation

• Roadmap to Make your Digital Journey Successful and Sustaining it

Digital transformation means the creation of something new or changing the existing processes in the business using digital technologies. In short, it is the redesigning of business processes in the digital age.In recent years, many business processes have been completely transformed because of digitalisation. The digital transformation programme will provide participants with a complete understanding of all the key factors that are required for the transformation of an organisation into an effective digital entity. The programme enables participants to also gain knowledge about the latest technologies.
Digital transformation is different for every industry. The four types of digital transformation are as follows –1. Process transformation – It means reimagining various business processes for reducing costs, improving business process quality, and decreasing cycle times.2. Business Model Transformation – This aims at the foundational building blocks of how value is derived in a specific industry. It reforms traditional business models to modern.3. Domain Transformation – It means using new technologies to redefine the products and services of a business and give it an edge over competitors.4. Cultural or Organisational transformation – This aims to redefine business processes and incorporate digital technology to change mindsets, processes, talent and capabilities.
A digital transformation strategy is an action plan which will define the way a business can transform.. Business operations also undergo changes at regular intervals. There is a need for constant innovation and leveraging the new technology. Using digital tools is a great way to bring a company closer to its customers. A good strategy should empower digital technology. A digital transformation strategy should be able to boost the quality of the products and services as well as productivity at work. A digital strategy will help businesses to get a stronghold in the digital transition.Suggested Answer:To develop a digital transformation strategy, all you need is required capabilities and a roadmap. Here are 6 steps to craft a winning digital strategy:1. Get buy-in from your team2. Secure funding3. Assess your current state4. Identify your desired goals and outcomes5. Conduct a gap analysis6. Create a roadmapA digital transformation programme can help you build the right capabilities and give you an in-depth knowledge on how you can evolve your business by utlising the above steps.
The utilisation of digital technologies is important for surviving in an increasingly competitive scenario. We need to implement a digital transformation strategy that requires a fundamental change in an organisation. Digital transformation involves applying digital technologies to design new or change the existing business processes as well as customer experiences to meet changing business and market requirements. Digital transformation is the process of incorporating digital technology in every area of a business. It is going to change how businesses will operate and how they will deliver value to their customers. Implementation of digital transformation will differ according to an organisation's specific demands.Suggested Answer:Implementation of digital transformation will differ according to an organisation's specific demands. To begin implementing digital transformation, a business needs to first draft a digital transformation strategy. Depending on the roadmap, one can then begin to follow a robust digital transformation framework. The framework provides a structure to examine, enhance and then transform all your key business capabilities in parallel to one another. There are 4 key capabilities of a business viz:1. People2. Process3. Technology4. Artificial Intelligence & Data ScienceAll of this requires decisive leadership, strategic planning capabilities and a clear vision.

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Duration: 12 Months
Lectures: 7

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