Strategizing Transformation enduring Business Growth in disruptive world
Organisations need new strategies in a world of disruption. Companies are adopting different elements of the revolution in diverse ways, some gingerly, some in a sure-footed manner. Many have launched pilot projects, while many others have totally migrated some of their business functions to AI-led processes. And many companies are still waiting and watching. Some have been stunned into inactivity. They don’t know where to begin, or how to start deploying the technology around them, but simultaneously it has to productive enough to counter rising cost.
Setting up ambitous visions and coming up with concrete action plan is a great challenge. The new C-Suite mantra: "What's your play?"
Leading CEOs are already actively exploring alternative metrics for measuring the longterm health of their companies and the communities they serve, beyond just earnings or stock price, and boards are facilitating that shift by asking more qualitative questions:
- What are we doing on talent?
- What is our pipeline of innovation?
- How do our actions align with our mission statement?
- Are our customers satisfied?
- Are we contributing to our community and society as a whole?
Artificial intelligence expands technology’s potential for both good and ill. There is the clear risks that it may displace more and more of the human workforce and contribute further to social isolation and the disruption of communities. But this need not be the whole truth. Emerging technologies can also help meet human needs in new and profound ways.
Digital technology is radically changing and transforming the behavior of individuals,corporations and entire society, and, disruptions seems to be the new normal.Five years from now, society won't remain what it was in the past and what is now.CEOs are faced with dual challenge of protecting their backyards from upstarts and incumbents while simultaneously devising strategies that will guide them through growth for at least next five years.
When challenged by host of disruptors who are exploiting traditional business practice and market dynamics, finding growth oppurtunities in increasingly onerous regulatory and competitive conditions is hard these days. Harnessing power of constantly evolving digital disruption to break down well-established barriers to entry and devise new business models is a complex endevour. Because, digital disruption with more and more advancement will be a regular phenomena. Business can no more be governed by Linear and IPO Model.
Emprical analysis reveals, conventional wisdom about big, risky change initiative is often wrong. Organizational transformation, big or small, sits atop the strategic agenda for many CEOs. Whi