Today, in this world of globalization and interconnectivity, the business environment has become extremely dynamic and the long held business paradigms have been questioned.
Signs suggest that the economic scenario is turning around but in reality, the uncertainity and complexity is increasing for the organizations.This has resulted in many new challenges for the organizations with the need for "Agility" and "Redefination" becoming more relevant than ever before.
The challenge of "Sustaining Relevance" is ubiquitous and is spread across all key dimensions of business including brand, competition organizations, technology, institutions, laws, employer and employee. in this dynamic world has become a top priority for businesses.
This challenge is even more pronounced in the Consulting sphere.Inspite of being exteremly pogressive in nature, consulting advices are more ephemeral than other aspects of business like brands and get obsolete much faster.
Welcome to Sustaining Relevance. Through this blog, I am looking forward to interact with you for sharing thoughts and ideas about the relevance of advice, counter trends and the dimensions that can question the relevance of organizations in the future.
Some of the other thoughts that I plan to cover in my upcoming posts include :
1. Lessons learnt from my past experiences
2. My personal views on the emerging trends in today's environment
3. Discuss about some explored fronts in management consulting. Talk about my favorite books and thought leadership papers
4. Change Management - Its evolution, importance, benefits and future
Please provide suggestions (as comments) on any other topics that I can cover in my blog.
Thanks for Visiting.
Wednesday, February 17, 2010
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Hi Tushar,
ReplyDeleteNice topic to start with, sustaining relevance is indeed the most critical challenge being faced by businesses today (in any industry).
My personal view is that Leadership also play critical role. Leaders in any organization are influenced by:
-business performance
-How investors will react to strategies.
Hence they tend to choose the project with high and quick ROI. Changing economics and business working rules has added new dimension or influencing factor “how customer will react to strategies”.
So if leaders want to steer there organization to positive business performance. They need to lead their organizations visibly and consistently to manage customers more professionally.
What do you think?
My two cents:
ReplyDeleteOften, companies go after the pettier issues and miss the bigger picture. I have seen this in most small to medium sized companies. Smaller organization dont have the bandwidth to invest time and resources to envisage what is coming next. But larger organization can invest time, money, resources and have the bandwidth to do what it takes and see the larger picture as well (may not true to all large organization, but some of the smarter ones)
Consultants (when I was in the other side of fence) were always thought of as overrated and over paid. In recent times this seems to be changing to an extent, although not to the extent that I expected the change to be. I still see some of the sales folks push back when we talk about a consulting angle in a big transformation effort. In a way, they make management consulting irrelevant.
Forget relevance, they dont see the importance!