With the advancement in technology, the usual emphasis on cost, growth, and control has been replaced by a laser focus on Innovation, Customer Service, Quality, and Employee Empowerment. Obsolete business processes, disjointed organizations, fragmented work routines, and complex performance management mechanisms in traditional firms have not been able to cope with the revolutionary business models […]
Tag Archives | transformation
Experience Economy
The concept of the “Experience Society” is a social and economic evolution where experiences, rather than goods or services, become the primary products of society. This idea has been influenced by various theorists, including Alvin and Heidi Toffler. The Tofflers’ analysis of societal evolution lays the groundwork for understanding the shift to an experience-focused society. […]
Levers of Control (LoC)
Finding ways to protect organizations from control lapses caused by a creative and empowered workforce has always remained a critical concern for executives. These changing times require ingenuity and adaptability to manage employees. In highly competitive industries with diverse clientele, companies are heavily dependent on employee imagination and creativity to seize opportunities and meet customer […]
TOGAF – The Open Group Architecture Framework
The Open Group Architecture Framework or TOGAF is a comprehensive guide to enterprise architecture, offering a structured methodology for designing, planning, implementing, and governing architectures that align with organizational goals and technology landscapes. The TOGAF framework is built upon 3 interconnected pillars: Enterprise Architecture Architecture Development Method (ADM) Enterprise Continuum The Enterprise Architecture pillar is […]
5S Keys to Successful Change
In the wake of disruption and intense competition, businesses need to keep changing and innovating in order to survive and thrive. Although change is integral to the growth and profitability of an organization, it is often resisted by individuals and groups within the organization, making it a challenging undertaking. Change Management refers to the process […]
Problem of Change and Behavioral Change
Problematic situations exhibit a common structure or pattern. The structure of most problems comprises 3 main elements: The Problem State The Solved State The Solution Path The Problem State implies “what is,” the Solved State denotes “what should be,” and the Solution Path implies the changes integral to bridging the gap between the two states. […]
10 Principles of Cost Transformation
Cost Transformation is a reality that every organization has to face, several times, in its period of existence. Proper and enduring Cost Transformation provides an opportunity to reformulate an organization’s complete course. It may result in divestiture of established businesses, even profitable ones, if they do not match the Strategy or the enterprise’s most distinguishing […]
Change Management in Times of Uncertainty
Organizations during good times enjoy lenient and thriving economic conditions. The confidence interval for tolerance of errors is relatively high. There isn’t a pressing requirement for overhauling operations or Business Models, compelled by external factors. There is a rare feeling of sense of urgency and people tend to take time to ponder over and carefully […]
The Strategic CFO
The Chief Financial Officer (CFO) role has traditionally been a custodian of financial acumen, integrity and shareholder value—selecting indicators to measure organizational growth and ensuring value. Inflation, stricter regulations and governance requirements have caused the CFO position to exist in nearly every organization these days. However, this wasn’t the case in the last quarter of […]
3 Drivers for Implementing an Innovation Culture
Achieving the status of the Most Innovative Company of the Year is what most businesses aspire to. Innovation-centric research by Boston Consulting Group (BCG) in 2014—comprising of over 750 businesses in 17 different markets—brought to light some striking insights, in addition to rating the most innovative companies of the year. The organizations that grabbed top […]
Strategic Decision Making with Machine Learning (ML)
Automation has a profound role in improving Operational Excellence and Decision making. Organizations, these days, are increasingly using Machine Learning (ML) to improve the Strategic Decision making expertise of their leaders. Global research by MIT Sloan Management Review in collaboration with Google—involving 4,700 executives and a number of Key Informant Interviews—indicates that ML is gradually […]
Strategic Thinking Games
Organizational leadership can draw on 3 Strategic Thinking Games to master Business Strategy and apply in varied scenarios and organizational structures. The Strategic Thinking Games provide Decision Making models for senior executives to choose from and use as per the situation. The Strategic Thinking Games are based on mathematics and statistics, particularly Probability Theory, and […]
