Showing posts with label innovation. Show all posts
Showing posts with label innovation. Show all posts

Wednesday, May 1, 2019

Demystifying Digital Transformation- A practitioner’s companion

Digital transformation is inevitable, for organisations who seek to remain relevant in the future. The objective of any digital transformation is to innovatively apply the technology stack to reinvent the organisation and the way in which it will engage with the customer to deliver value to them.

Given that each organisation has a unique DNA with distinctive aspirations, the digital journey need to be individually crafted with clear purpose, technology choices, and implementation specifics. Leaders will be called upon to take well-informed and deliberative decisions that have enormous implications and could very well define the future of the organisation.

I, along with Nishith Sharan, have suggested the necessary framework to assist leaders define their transformation agenda and execution specifics. We present an integrated approach, covering technological, strategic and organisational perspectives, while pointing out the decisions that need to be considered at various milestones during the digital transformation journey.

Demystifying Digital Transformation is an essential handbook for the industry leaders and transformation professionals as they embark on the digital transformation journey.

 The prime motivation to write this book is to bring certain rigor and sanity around this topic of digital transformation, so as to avoid lot of wasted efforts, resources and disappointment within organizations.


I wish this book serves the purpose in its usefulness to readers,

Happy to get the feedback, as always




Sunday, June 27, 2010

Competition at Workplace may not deliver results associated with Free-market competition

Often market place innovations and ever improving customer service standards are attributed to free market environment and players’ need for one-upmanship.
Competition is assumed to be motivating force that pushes all players to do their best. Organizations often seek to rely on internal competition (practicing relative performance ranking) to provoke employees’ efforts and spur creativity. The process surely leads to categorization of employees into winners and losers, but does not necessarily enhances overall organization effectiveness or financial performance. Some of the gaps in the outcome can actually be explained in the difference between Work Place Competition and Market Place Competition. 
 
 

The contention is not to let go leveraging the benefits of competition, but to be conscious of its limitations. Create enough avenues for all well meaning employees to win and make it evident that collaboration and partnerships in the overall interest of organization also pays.

Reflect!!!

Saturday, June 19, 2010

When did you review Management Processes last?

Mostly, I hear Organization Leaders involved in evaluation of business strategies, competitive positioning, financial plans, operational processes, technological assets and organization structure, but seldom undertaking conscious review of Management Processes. My contention is that well aligned and oiled Management Processes have far greater impact in achieving effectiveness of business strategies and efficiency gains of operational initiatives, then traditionally given attention to.
Three key Management Processes; Information Management process, Decision Making process, and Communication process are essential part of organization machinery and once established tend to have life of their own. Unless their robustness and alignment with overall business strategy and execution plan are ascertained, they have the potential to undermine other efforts of enhancing organization performance.


Technological Innovation and Gen-Y employees orientation demands and make possible complete reconfiguring of these Management Processes from the traditional way these were handled. Let us consider some questions that may help review each of these processes:

Information Management process:

Are we tapping all kind of internal and external sources of information that can help make sense of the complex world? How many of innovative ideas are coming from outside the company (say customers)?

Are we able to derive actionable insights/ foresights out of all the information that we have access to? How much of unstructured data on the web is mined to understand what our customers/ stakeholders liked about Company (products and pronouncements) last week?

Are we ensuring that all those who have to act, use the same set of information and the most recent one? How many customer interlocks across the organization are informed by unified understanding of customer preferences, and interaction history?

Decision Making process:

Are the decisions that are centralized, emerging out of conscious assessment of gains in the form of consistent and effective roll-out or out of power concentration or tradition? When was the debate (experiment) to decentralize some decisions undertaken last?
Are managers consciously selecting the right decision making process (collective or individual) based on context or one style in predominant as part of organization culture? How well understood are the accountability norms related to joint decision making?
Are leaders balancing the intuitive and insight (data backed) based decision making? How often intuitive decisions are betted for experimentation, then waiting for additional data backed evidence?

Communication process:

Are leaders across the organization only telling orders or explaining rationales as well, to facilitate execution? To what extent, leaders are open to questioning existing practices and ready to listen and debate from say new hires or interns?
To what extent, communication networks, formal and informal, are supportive of positive collaboration and partnering across silos? What percent of email traffic for middle managers are with colleagues other than immediate bosses or subordinates?
Are we using new channels of communication that are symbolic of interconnected social age? How strategically are we using twitters, blogs, web 2.0 technologies to connect, convey and correspond effectively and coherently across the stakeholder community?
Review of the Management processes facilitated by above questions will surely throw-up some areas that need to change. Change in Management processes require intervention design, comprising leadership sensitization & coaching, and creating new technological infrastructure besides sustained monitoring, till new processes become institutionalized. Not an easy task, but worth it.

Lets Reflect!!!

You can also visit the adjacent poll to express your opinion and see what others are thinking.
 
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