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Nordic companies comfortable with 'digital transformation'

November 15th 2017, Stockholm, Sweden - With the flourishing Nordic start-up scene underpinned by a long history in technological leadership and innovation, it comes as no surprise that companies in the region feel that they possess the right skills in the boardroom to manage digital transformation.

This is one of the key findings from the Alumni / Harvey Nash Board Report 2017/18 which has for the past two years collaborated with the London Business School's Leadership Institute to investigate how boards are responding to the changing and challenging world of business and corporate affairs.

The research represents the views of more than 826 non-executive directors from the UK, Nordic countries and the Asia-Pacific region. According to the report, less than half (46%) of Nordic respondents felt that they were facing digital disruption; the largest proportion of the geographies surveyed.

The research represents the views of more than 826 non-executive directors from the UK, Nordic countries and the Asia-Pacific region.

More than half (56%) feel that they have the right skills in the boardroom to manage digital transformation, although the same number would like to see more digital talent in the boardroom. Only a quarter felt that a lack of technical skills in the pipeline could prove to be a significant block to such transformation.

The Nordics are especially strong in digital technology, particularly the development of consumer products and specifically games, which account for 33% of the Nordic billion-dollar exits. These include Mojang, King, Rovio and Supercell.

A leading European venture capital investor, focusing on innovative and fast-growing technology companies within consumer, software and hardware industries, says that Nordic technology unicorns - private companies valued at $1 billion or more - tend to expand early in order to keep growing.

This trend means that more start-ups get the chance to become huge international successes and achieve billion-dollar valuations. This leads to a higher distribution of exits at unicorn valuation than the global average.

Albert Ellis, CEO of Harvey Nash, said: "The Nordics have been leading the way on a number of business and social fronts over recent years. It's little surprise to learn they're ahead of the curve in terms of their approach to digital disruption, and we should look to them as a leading example of how to conduct good business."

About Alumni
Alumni is a leading consultancy within leadership services in the Nordic region. For more than 25 years we have developed tools and services in order to strengthen the organisations and teams of our clients. Since 2007, we are part of the Harvey Nash Group which enables us to service our clients seamlessly across borders.

Through a service offering ranging from Executive Search and Leadership Consulting to high-level Board Advisory Services, we support our clients business success. Our network consists of high performing individuals in different phases of their career.

We have offices in Copenhagen, Gothenburg, Helsinki, Malmo, Oslo, and Stockholm. Internationally we operate through our owner Harvey Nash Group, with more than 40 offices in Europe, US and Asia. This enables us to act without national barriers for clients and candidates, utilising specialists in every local market.

Within the Alumni Group in the Nordics, you can also find Harvey Nash (search for middle management and specialists) and Impact Executives (high-level interim solutions targeted at Alumni's clients).

About Alumni / Harvey Nash's Board Practice
Alumni / Harvey Nash's Board Practice helps some the world's most forward-thinking companies attract, assess and develop their board. The global team members are experts at building rich, diverse teams and look beyond the norm to find the exceptional. The Practice provides two key service offerings: evaluation - reviewing the effectiveness of existing boards; and recruitment - finding exceptional talent to add strength to the boardroom team.
The Board Practice is part of Harvey Nash Group a $1bn global professional recruitment company with over 4,000 professionals in more than 40 offices across the USA, Europe and Asia.

Find out more about the Board Report: Here
Or contact Alumni's partner Catharina Mannerfelt, responsible for Board Services in the Nordics.

Media contacts:
Satu Ahlman / Alumni
Head of Marketing & Communications

Posted on November 15, 2017 10:24 AM |