flevyblog

Flevy Blog is an online business magazine covering Business Strategies, Business Theories, & Business Stories.
MANAGEMENT & LEADERSHIP STRATEGY, MARKETING, SALES OPERATIONS & SUPPLY CHAIN ORGANIZATION & CHANGE IT/MIS Other

Harnessing Digital Transformation: The People Ecosystem

We are living in a Digital Age. A robust Digital Transformation Strategy is today’s organization’s corporate armaments in remaining competitive.

Organizations that have excelled in Digital Transformation have one thing in common that distinguish them from the rest: their mastery of the 4 critical Business Ecosystems.

  1. Customer Solutions Ecosystem
  2. Operations Ecosystem
  3. Technology Ecosystem
  4. People Ecosystem

In this article, let us focus on our people, the People Ecosystem.

The People Ecosystem

The People Ecosystem supporting Digital Transformation can be considered the most critical of the 4 Business Ecosystems.  Its role is to enable and support the efforts of the other 3 ecosystems.  An effective and well-designed People Ecosystem is core to a company becoming a Digital Champion.

The People Ecosystem is the domain of organizational Core Competencies and Corporate Culture. As an enabling layer, it supports Digital Transformation.

Only companies with a clear digital vision, strategy, and culture to support Digital Transformation can take advantage of the People Ecosystem. To achieve this, it is necessary to heavily invest on training and developing the right skills.  Yet, 2/3 of the companies today lack this vision.

Gaining the Benefits of an Effective People Ecosystem

A dynamic and robust People Ecosystem will enable companies to effectively respond to consumer demand.  When companies achieve a successfully Digital Culture, Digital Leaders can expect to harvest its greatest benefits.

  1. Strong capabilities in data analytics, human machine interaction, and technology supported decision making are achieved.
  2. A non-hierarchical “best idea counts” mentality exists that leads to rapid decision making and problem-solving orientation.
  3. There is internal and external integration that creates dynamic cross-functional teams.
  4. A progressive career development is in placed that motivates and rewards innovation.

Manufacturing Outlook 2023

What does the future holds? By 2023, it is expected that digitization and automation will drive down operation costs in mature market. Low cost in operations will strengthen capacities of companies to compete. Likewise, reshoring and increasing production in home markets are expected in the next 5 years.

With all the digitization and automation that is expected to occur, it is expected that employees will be greatly affected. Digital Champions that have learned to his will greatly affect workers and he kind of employee companies hire.

Interested in gaining more understanding on People Ecosystem?  You can learn more and download an editable PowerPoint about the People Ecosystem Layer of Digital Transformation here on the Flevy documents marketplace.

Are you a management consultant?

You can download this and hundreds of other consulting frameworks and consulting training guides from the FlevyPro library.

About Joseph Robinson

Joseph Robinson is the Vice President of Strategy at Flevy. Flevy is a marketplace for business documents--specifically, documents used by folks who work in a business function (e.g. Marketing, Corporate Finance, IT, etc.). These documents can range from Excel Financial Models to customizable PowerPoint Templates to "How-To"​ Business Frameworks, covering management topics from Digital Transformation to Growth Strategy to Lean Management. You can peruse a full list of management topics available on Flevy here. Prior to Flevy, Joseph worked as an Associate at BCG and holds an MBA from the Sloan School of Management at MIT. You can connect with Joseph on LinkedIn here.

, , , ,




Complimentary Business Training Guides


Many companies develop robust strategies, but struggle with operationalizing their strategies into implementable steps. This presentation from flevy introduces 12 powerful business frameworks spanning both Strategy Development and Strategy Execution. [Learn more]   This whitepaper authored by McKinsey Communications specialist teaches us the 4 Cs of Communication Review, so you can find and fix errors in your Communication prior to sending it out. It addresses the most critical elements of Communication across all formats. [Learn more]
We've developed a very comprehensive collection of Strategy & Transformation PowerPoint templates for you to use in your own business presentations, spanning topics from Growth Strategy to Brand Development to Innovation to Customer Experience to Strategic Management. [Learn more]   We have compiled a collection of 10 Lean Six Sigma templates (Excel) and Operational Excellence guides (PowerPoint) by a multitude of LSS experts. These tools cover topics including 8 Disciplines (8D), 5 Why's, 7 Wastes, Value Stream Mapping (VSM), and DMAIC. [Learn more]
Recent Articles by Corporate Function

  

  

  

  

  


The Flevy Business Blog (http://flevy.com/blog) is a leading source of information on business strategies, business theories, and business stories. Most articles have been contributed for management consultants and industry executives with over 20 years of experience. If you would like to contribute an article, please email our editor David Tang at [email protected].

Flevy (http://flevy.com) is the marketplace for premium business documents, such as management frameworks, presentation templates, and financial models. Our documents are of the same caliber produced by top tier consulting firms, like McKinsey, Bain, Accenture, BCG, and Deloitte. Learn more about Flevy here.


Connect with Flevy:

   
  


About Flevy.com   /   Terms   /   Privacy Policy
© 2019. Flevy LLC. All Rights Reserved.