Monday, June 5, 2023

Initiativesforgluing

It is important to understand that business development is multifaceted, you need to break things down or glue them up accordingly for leading business forward structurally.

In today’s “VUCA'' digital new normal, businesses are complex, hyper-competitive and interdependent; overly rigid hierarchy becomes the very obstacle to stifle changes; business management has to continue exploring holistic approaches, flatten structural hierarchy, enhance cross functional communication & collaboration, streamline an iterative cycle of designing, building, scaling and produce great outcome under specified performance standards and conditions. 

The organization's long-term success is based on a set of differentiated capabilities and its core competency. It involves not only putting the bits & bytes together but gluing them up in such a way that the emergent whole is somehow more than the sum of its parts.

Glue up the organizational transformation framework which enables the business to manage change in a structural way:
Business ecosystem is uncertain, and complex; in order to harness business changes, organizational management should glue up all crucial ingredients to accelerate strategic change. It incorporates multiple and diverse components such as value, trust, simplicity, communication, collaboration, continuous improvement, etc, into the business culture across functional disciplines. It takes a structural approach with all important business elements such as principles, processes, methods, rules, roles, etc, to intersect and interact with its business ecosystem, facilitate a structural planning process to enhance a multifaceted management cycle.

Defining and implementing business transformation frameworks articulates the big why behind business initiative clearly, explaining the strategic rationale behind the business venture. It helps to figure out better solutions by peeling back the layers to find the root causes and address the issues systematically without reinventing the wheel all the time. People are the most critical components for business changes. Always bring in the right people, bring the best together successfully to produce great results.

Glue all important hard and soft components into differentiated business competency: Organizational capabilities have business outcomes, they are enabled by processes, to integrate into business competency. The important components of the business capability include resources, processes, information & technologies and human capitals, etc, The gaps to improve business capability should be evaluated objectively. It’s important to produce a list of remediation work that needs completing to improve differentiated business capabilities.

In business reality, the integral capabilities today are modular, dynamic, having many visible and invisible business elements. Information technology is an integrator to knit all important change elements into the organizational competency, and make people, process or technology changes sustainable for the long term. Loose coupling makes it possible to change the components without affecting the system, as long as the interface is kept stable, to shorten the business development cycle and improve organizational competency.

Glue up all crucial components to integrate the business as a whole and manage corporate performance as a continuum:
Organizations have to reinvent themselves constantly, and ensure the business as a whole is superior to the sum of pieces. From treating people as the human resource and a “fixed asset” to thinking of people as human capital to invest in. From accumulating old experience with the “we always do things like that” mentality to encouraging new business management experiments that focus on reinventing business models, developing talent, and improving long term business advantage.

Make a fair assessment and get objective perspectives on what you are trying to evaluate and manage. A well-designed performance management system that glues up all sorts of components such as talent, process, information, technology, cultures, metric, is a necessary foundation for continuous improvement. Understanding what’s blocking achievements, and how to enforce business performance continuum. It offers not only the opportunity for the intended bottom line performance improvements, but also better performance management for the long run.

It is important to understand that business development is multifaceted, you need to break things down or glue them up accordingly for leading business forward structurally. Driving incremental change is perhaps about taking a few actions, but running an intensive, effective, and cohesive organization takes dynamic planning, dedicated execution, and fine-tuning business success factors to enhance a holistic business management discipline.


0 comments:

Post a Comment