Professionals today need to keep learning agile, discover innate talent and develop niche strength.Companies don’t exist in silos but within business ecosystems, especially global organizations. All ambitious businesses strive to unlock their performance and unleash their full digital potential. There are many components in an effective business environment, each by themselves may not have huge impact but collectively, they can help to build business niches and weave an innovation ecosystem.
In fact, people or organizations have different strengths and niche points to innovate, be clear about your strengths and how to explore unique paths and take the alternative value creation approach.
Niche insight: Organizations are complex, facing unprecedented levels of uncertainty, niche insight from talented leaders or professionals are like the guiding light to instruct people at the different levels of organizations for making sound judgments and effective decisions. It's important to challenge the status quo, conventional wisdom, and outdated beliefs with strong discernment. Knowledge by itself is nothing if you do not understand how to apply it to deepen your understanding, shape niche insight and deal with different situations in better ways.
People today have well-blended hard and soft skills, niche experience and core competencies. The global world is diverse with rapid change, those who look through the lens of the previous era see their own reality very differently from those who use the lens that the new era has crafted. Visionary business leaders and professionals are in demand to predict future trends, frame growth mindsets, learn to use the new lens of the digital era, acquire updated knowledge to shape niche insight. It takes open-mind and fresh eyes to see things differently and share niche viewpoints objectively.
Niche organizational capabilities: In organizations or societies, niche capabilities enable business strategy implementation and bring a business advantage. The business capabilities cut across all functional pillars, they are fundamental building blocks for business transformation, offering a competitive advantage in producing high performance results. The niche capabilities could be those which are identified as building the business competency, or customer experience than competitors, supports your strategic direction and enables accelerated strategy implementation.
From a people development perspective, business professionals all have some innate strength or latent potential. They have the strength within, being self-aware, able to see the strengths and weaknesses without self-judgment is possible and it’s a healthy mentality. When people understand their niche strength, they can be themselves in the truest sense. They are able to develop niche expertise with unique strength. That is a unique path we each need to take to build our niche capabilities.
Niche products/services: Information is growing abundantly, technologies can push you out of business if you are not agile enough to keep reinventing your business. The differentiation provided by innovative technology allows companies to develop niche products or services that previously was impossible or uneconomic. When businesses can truly understand or attempt to capture the data-based insight to figure out trends, explore new technologies or methodologies, that is, how to get beyond just the top strategic initiatives and figure out how to provide niche solutions to many customers.
Niche development is a journey; you need some way of growing talent that understands your particular business, be comfortable with technology to help envision and architect what tomorrow should look like for you. You need to have a very clear idea of the development cycle of "product/service" and the overall "value proposition," in which it fits into the business value portfolio, and build a good strategy to drive value-added innovation. The niche-based business management sets guidance, produces niche solutions, accelerates performance with multi-layer ROIs.
There are often multiple and inter-related dynamics behind business complexity; organizations are constantly morphing under pressure from the waves of rapid change that keep business in innovation mode. Professionals today need to keep learning agile, discover innate talent and develop niche strength. Business should develop abilities to reshape niche products, services, improve customer engagement, discover unexpected connections between the business and its rich environment, for building long term business competencies.
Niche insight: Organizations are complex, facing unprecedented levels of uncertainty, niche insight from talented leaders or professionals are like the guiding light to instruct people at the different levels of organizations for making sound judgments and effective decisions. It's important to challenge the status quo, conventional wisdom, and outdated beliefs with strong discernment. Knowledge by itself is nothing if you do not understand how to apply it to deepen your understanding, shape niche insight and deal with different situations in better ways.
People today have well-blended hard and soft skills, niche experience and core competencies. The global world is diverse with rapid change, those who look through the lens of the previous era see their own reality very differently from those who use the lens that the new era has crafted. Visionary business leaders and professionals are in demand to predict future trends, frame growth mindsets, learn to use the new lens of the digital era, acquire updated knowledge to shape niche insight. It takes open-mind and fresh eyes to see things differently and share niche viewpoints objectively.
Niche organizational capabilities: In organizations or societies, niche capabilities enable business strategy implementation and bring a business advantage. The business capabilities cut across all functional pillars, they are fundamental building blocks for business transformation, offering a competitive advantage in producing high performance results. The niche capabilities could be those which are identified as building the business competency, or customer experience than competitors, supports your strategic direction and enables accelerated strategy implementation.
From a people development perspective, business professionals all have some innate strength or latent potential. They have the strength within, being self-aware, able to see the strengths and weaknesses without self-judgment is possible and it’s a healthy mentality. When people understand their niche strength, they can be themselves in the truest sense. They are able to develop niche expertise with unique strength. That is a unique path we each need to take to build our niche capabilities.
Niche development is a journey; you need some way of growing talent that understands your particular business, be comfortable with technology to help envision and architect what tomorrow should look like for you. You need to have a very clear idea of the development cycle of "product/service" and the overall "value proposition," in which it fits into the business value portfolio, and build a good strategy to drive value-added innovation. The niche-based business management sets guidance, produces niche solutions, accelerates performance with multi-layer ROIs.
There are often multiple and inter-related dynamics behind business complexity; organizations are constantly morphing under pressure from the waves of rapid change that keep business in innovation mode. Professionals today need to keep learning agile, discover innate talent and develop niche strength. Business should develop abilities to reshape niche products, services, improve customer engagement, discover unexpected connections between the business and its rich environment, for building long term business competencies.
0 comments:
Post a Comment