Elements of Transformation
Leadership support is critical
The success of any transformation is intrinsically linked to the level of support and trust you’ll get from the organisation’s leadership. The product team might be at the centre of the transformation, but it will inevitably impact every single department.
As in the example of a train wheel on a track, if there is alignment then the friction is less, yet if there is misalignment, the noise, friction and vibration can set everyone and everything off course.
Tip: If you don’t have the full support and commitment of the CEO, Board and the entire leadership team, you should first work on this before doing anything else. Creating a new c-suite role which is accountable for the transformation is key to maintaining this alignment.
Transformation takes time
To effectively manage and oversee the transformation of an organisation, it is essential to remember that change takes time. To mitigate impatience, identify and target low-hanging fruit that can serve as quick wins, while allowing time to focus on more complex issues. Getting moving and creating traction is more important than dotting i's and crossing t's.
The timescales are not the same in all organisations, if principle 1 is in place, then the traction to momentum can be quicker than if you have ‘antibodies’ or ‘resistance’ in the leadership, creating misalignment.
Undertaking business transformation is not a 12-month project, it is a reset/reinvention/rejuvenation of your whole organisation, so think of it as such and manage the expectations of time and effort accordingly.
Tip: To keep track of progress, maintain a comprehensive backlog of all necessary changes, and schedule regular reviews to ensure that the pace of transformation is appropriate. Establish a Transformation Office to orchestrate and manage this.
It’s all about people
Each organisation is unique in its culture and people. To determine the most effective approach, it is important to take the time to observe current practices, interactions between stakeholders, and individual behaviours.
You’ll then certainly spend a lot of time advocating for the changes you want to bring and get your key stakeholders on board. You may have to hold strong and have a certain level of confidence to face the storms you’ll go through. You need to have views, yet ensure that they are loosely held and can be shaped to fit within your operating realm.
Change comes from the inside:out yet needs experience outside:in to show what is possible to the people involved.
Tip: To stay informed and on track, schedule regular one-on-one meetings with key stakeholders and team members to assess progress and ensure that changes are being implemented at the right time and pace. No transparency means there will be no trust and this is change, so therefore creates fear at all levels.
Continuous improvement rather than perfection
While there are many industry leaders and experts (such as Marty Cagan, Teresa Torres, and Melissa Perri) whose work can serve as inspiration, it is important to remember that the goal should be to strive for continuous improvement rather than perfection.
A clear vision for the end goal is important, but it is also necessary to be realistic about the current situation and identify the necessary steps to reach that goal.
Not all organisations are able to see the value of the product at the core, therefore a series of iterations and also building ‘showcase’ teams, with clear measurement of success in place, can help to illustrate continuous improvement.
Tip: To ensure everyone is on the same page, organize workshops and brainstorming sessions to validate the perception of the most important improvements and manage expectations about what is possible within a given time frame.
Trade-offs keep you on course
In the process of transforming an organisation, there will be times when difficult decisions must be made, and trade-offs must be accepted to continue making progress. It is important to remember that an organisation is a living system and that product management is just one aspect.
Pragmatism is required at all stages. Moving together as an organisation takes a number of turns, there will be frequent wrong turns or turns into what looks like cul-de-sacs.
Trade-offs can focus people on the turns which matter for the short-term yet with the long-term in sight. Traversing a city by road is never a straight path, trade-offs are your turns along the way.
Tip: Remember that transforming an organisation takes time, and that short-term business considerations may take precedence over long-term changes. Using a Customer Journey/Service Design model to identify touchpoints and painpoints for the customer and employees, allows you to use pilots, re-prioritising efforts in the day-to-day whilst also focusing on the future state.
Prioritization is key
There will always be opportunities for improvement, but not all changes are created equal in terms of importance and impact. There are foundational elements, cultural elements, technological elements, capability elements etc. and it is critical to focus on prioritising those elements which are the 'base board' for the organisational change.
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Those that are prioritised deliver reuse, repeatability, and scale. These should also introduce adaptability, and predictability all in service to empower teams more across the organisation
To truly transform an organisation, carefully select the initiatives that will have the greatest impact, with the long-term vision in mind. While sometimes frustrating, prioritizing efforts is crucial for achieving long-term success.
Use a balanced scorecard at the leadership level of the organisation to maintain focus on what matters most for the transformation.
Tip: When uncertain, consider the long-term impact of your short-term actions. Prioritizing your efforts is key to maximizing your impact in the long run.
Communicate effectively and often
Communication is crucial in any collaboration, and it is vital in the process of transforming an organisation. Ensuring that all stakeholders are informed of progress and any changes being made is vital to the success of the transformation. If clear communication channels and structures are not already in place, then build them.
Feedback will not come at first, yet keep communicating as you are unable to see that people are picking up the messages across the organisation over time, yet this feedback will come and then you can use this to exponentially increase knowledge and understanding across all teams/stakeholders.
Tip: Regularly schedule team meetings, progress updates, and make sure everyone is on the same page. Use different channels and types of communication to adapt to your stakeholders (synchronous and asynchronous, text and video, etc.).
Celebrate success, including mistakes
Every achievement, no matter how small, should be recognized and celebrated. It is important to acknowledge the organisation's hard work and dedication and keep morale high throughout the transformation process.
To create a fail-safe environment, which is critical in any business transformation, people need to see that success is celebrated and that within these are a number of mistakes, lessons and course corrections. These are successes, as they showcase the mindset, approach and change which is embedded.
Tip: Organize frequent activities and celebrate milestones together.
Keep a journal of the journey
Keeping a journal or record of the transformation process can be incredibly valuable. It allows you to track progress, reflect on successes and challenges, and refer back to key decisions and moments throughout the journey.
Everything is a work in progress and therefore you will bump into the same context or decisions over and over again, so journalling these so you can learn from them, helps to accelerate decision-making.
Tip: Take regular notes, track the progress of your initiatives and use them as a guide for future references. Journal in plain sight to improve transparency and communication to the whole organisation.
Avoid getting caught up in day-to-day operations
While it is important to focus on day-to-day operations, it is equally important not to get bogged down in them as a product coach. Keep your focus on the long-term goals and objectives of the transformation.
Focusing on the day-to-day will distract from the bigger picture and also affect your ability to operate on the balcony, you will be dragged onto the dancefloor.
Tip: Set clear expectations with everyone and regularly review them to ensure they are aligned with the transformation goals and your organisation’s needs.
The journey never ends
Remember that the process of transforming an organisation is never truly complete. It’s an ongoing journey, and there will always be opportunities for growth and improvement.
Stay adaptable, and open-minded and continue to strive for excellence. Yet, it’s also important to know when to leave and how to empower the teams to continue on the journey without you.
Tip: Regularly assess the progress and make necessary adjustments to keep the transformation on track.
Salesforce for Banks
11 个月Great summation of the necessary transformation ingredients Mark Drasutis. I’m involved in multiple transformations currently and the executive leadership and alignment is the #1 differentiator. Nice inclusion of the V2MOM in there too, it transcends tech for sure.
Lived lessons ??
Technology & Data Group Executive | Strategy, Market Data, Cyber, Exchanges, Financial Market Infrastructure | Graduate Australian Institute Company Directors | MBT
1 年Good piece Mark and very relevant….
Strategy Partner, helping business leaders create robust, fact-based strategies and plan major change programs.
1 年Great article Mark.