ON THE OTHER SIDE: AN EXAMPLE
Unlike human adolescence, whose pace is largely determined by genetics, enterprise digital adolescence can take longer or be accelerated based on our actions.
And when it starts to mature, the results can be incredible.
Look at inspiring examples of companies like Best Buy. Although they've not completely digitally transformed, you can really see the fruits of their labor.
The investments that Best Buy has made in their digital platforms over the years have put them in the position of being one of the leading, most sophisticated digital e-commerce platforms that's out there.
Best Buy not only made it easy for you to understand what products are available online and in what stores and search store inventory, they also created a fantastic method of exposing refurbished or returned inventory.
The consumer electronics retailer was also one of the earliest and most successful at adapting to the whole curbside delivery model.
When the pandemic really first took off in March and April, Best Buy's sales were down.
But they were still at 81% of their sales year over year compared to the same period in 2019.
That already was impressive. I know many businesses that would kill to have stats like that.
Then in May, June, and July, they're actually up compared to 2019 by 5.8%.