Reason 3: Technology drivers shift and approaches that served us previously are no longer effective (4 of 12 Part Series)
Bernie Kelly
Fit FOR PURPOSE Leaders & Organisations | Transformation Partner, Speaker, Author, Mentor | Chair, Australian Transformation & Turnaround Association - TransformersUnite! Strategy/ Governance/ Leadership Development.
We are now well onto exponential curves with technological developments. The rapid spread of AI capabilities is a topical illustration at all industry conferences. The winning technology business cases of a decade ago are ubiquitous and taken as "given". The technology implementation backlog includes investments that will be dates before fully deployed.
Amelia and Ethan had been at the forefront of harnessing technology to drive their respective companies. Both had thrived on change, from different perspectives and as time passed, they found themselves chasing the rapid transformation of business dynamics in the tech landscape and having those perspectives challenged.
Amelia, the CEO of a manufacturing company, had always taken pride in producing high-quality, reliable products. Her company had long been an industry leader in food products manufacturing, relying on tried-and-true methodologies and legacy information systems.
Ethan, on the other hand, was a leader within a tech platform company that had disrupted many industries. His company had mastered the art of enterprise connectivity and using data analytics to offer personalised customer experiences. He always strived to be a step ahead, navigating uncharted waters with innovation. He assumed that technological advancements would inherently benefit society and were always the astute business move.
Amelia and Ethan found themselves at an industry conference, where discussions revolved around how technology was transforming every aspect of business. They both recognised that many of the assumptions they'd held dear were no longer relevant.
Amelia, after years of swearing by her “Best Practice” manufacturing processes, was realising that embracing automation, IoT, and real-time data analytics could drastically improve her company's efficiency and product quality. The old assumption that the "tried and true" was the best no longer held true, and holding onto that view would most likely threaten their business viability.
Ethan was struck by the ethical conundrums of cyber-security and responsible AI. He had been so focused on the possibilities of technology that he had underestimated the societal concerns about privacy and fairness. He understood that, to maintain trust and reputation, his company needed to prioritise working with clients on ethical AI development, even if it meant slowing down a bit.? Something he would not have considered a decade ago.
Over the course of the conference, Amelia and Ethan started exchanging insights. Both leaders initially viewed old practices and new technology as mutually exclusive. They reflected and discussed that the fusion of traditional wisdom and technological innovation can be a powerful combination.
Amelia learned how to apply her wisdom to leverage new technologies, while Ethan recognised the significance of adhering to timeless principles and maintaining stability.
Amelia's manufacturing company adopted AI for predictive maintenance and improved efficiency, while Ethan's start-up introduced transparency and ethical AI practices, gaining the trust of more customers.
They wondered what might shift their view next.
As the technology shifts, what we hold to be true can also shift.
10 CONSIDERATIONS:
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1.???? What are implications to consider for my business regarding the convergence of global tech infrastructure developments?
Consider factors such as:?
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?2.???? What are implications for my business of compounding technological advancements??
Consider factors such as:
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3.???? What are implications for my business as consumer technology preferences shift?
Consider factors such as:
4.???? What are implications for my business of legacy systems and technology debt?
Consider factors such as:
5.???? What are implications of emerging disruptive technologies?
?Consider factors such as:
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6.???? What are implications of increasing cybersecurity threats and regulations?
Consider factors such as:
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7.???? What are implications of the mainstream adoption of AI and automation?
Consider factors such as:
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8.???? What are implications of data privacy concerns and regulations?
Consider factors such as:
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9.???? What are the dark side and bright side implications of emerging user behaviour in the digital space?
Consider factors such as:
10.? What are implications of the changing global development and manufacturing landscape?
Consider factors such as:
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Each consideration is a potential Strategic Opportunity or Risk.
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I am not wanting to nerd out here, but I have to admit that I find playing these exercises is a lot of fun with smart teams bouncing off each other. There are always striking epiphanies!? So often they are the seeds that later become industry or organisational breakthroughs.
Play along with these Fitness for Business Transformation Perspective Expansion Exercises.
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Is your Organisation (really) Ready for this period?
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Are You (really) Ready for this period?
Bernie
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Are you a Bright Spark, bright with a spark for today and the future, seeking reconnection with what matters and the capability to lead with intention without being limited by your past, even if the world around you is constantly disrupting?
Are you a Bold Executive Leader seeking shifts in yourself and your organisation’s outcomes without compromising relationships, self-care, and meaning in work, even if the conundrums are mounting and deep down you doubt this is possible across your team?
Are you a Board Director seeking to maintain or achieve industry leadership through periods of disruption, without disrupting shareholder confidence or Executive commitment, even if others in your industry say it is not possible?
Where do you need to elevate and integrate?
Bernie is known for building capability and confidence in leaders who need to transform organisations that are continually reshaping to survive and thrive.
His career began in whole of enterprise and cross-organisation shifts, followed by 10 years in Business Transformation Diagnostics, Training, and Mentoring across Australia and SE Asia.?He currently works with leaders who are focused on accelerated development and re-imagination of industry value systems. He loves working with the Bright, the Bold and the Board to successfully transition to the next phase, creating a positive ripple effect.
In 2020 Bernie authored Traction: Building Change-fit Leadership Teams.
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Contact Bernie via LinkedIn or Email or Phone: + 61 421 915 608
Or check out his website at BernieKelly.com
#leadership #transformation #management #businesstransformationleadership
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Fit FOR PURPOSE Leaders & Organisations | Transformation Partner, Speaker, Author, Mentor | Chair, Australian Transformation & Turnaround Association - TransformersUnite! Strategy/ Governance/ Leadership Development.
1 年TO FORESEE AND ACT CONSTRUCTIVELY WHILE THERE IS FREEDOM TO ACT IS LEADERSHIP “Foresight is the “lead” that the leader has. Once leaders lose this lead and events start to force their hand, they are leaders in name only.” - Robert K. Greenleaf 1970
Fit FOR PURPOSE Leaders & Organisations | Transformation Partner, Speaker, Author, Mentor | Chair, Australian Transformation & Turnaround Association - TransformersUnite! Strategy/ Governance/ Leadership Development.
1 年https://www.dhirubhai.net/posts/harbech_amazon-just-revealed-they-now-have-more-than-activity-7121124632673300480-OfsQ?utm_source=share&utm_medium=member_ios