Digital leaders can avoid this fate by building a strong culture based upon exploitation and exploration. Here are five elements of effective digital leadership:1. The best ones know how to fail early, fail small and fail fast. Digital businesses can thrive by enabling ideas to be rapidly tested, built upon and even funded through crowdsourcing. The innate scalability and adaptability of digital platforms create a multiplier effect for organizations that embrace them.

Source: Forbes May 26, 2021 11:50 UTC