COVID-19
outbreak is a world-changing phenomenon that will have long-lasting
implications for our global economy. It’s a once in a generation global impact
event. This is the opportunity for each SERVICE PROVIDER to conduct an
organizational re-framing of their pre-COVID business model, behaviors &
practices. Flexibility and adaptability in operational control whilst
continuing to operate as close to the prescribed core organizational culture,
are the traits that will secure their futures.
We are witnessing that:
· Pandemic has severely
disrupted production processes.
· Digital has helped
through the rapid scale-up of platforms resulting in changes to the traditional
boundaries of firms.
· With the advent of new
business models, digital platform first firms have been able to evolve rapidly.
The year 2020 can be described as the year that “a forced test of many
things we had thought about but not tried.”
Building and sustaining a
digital culture during COVID-19 & Beyond would require:
· Introducing flexible
and adaptable operational controls to secure SERVICE PROVIDER’s future.
· Skill & hire for
technologies such WFH, digitally secure online presence, blockchain, and IoT.
· And most importantly,
enhanced Investments in automation space as the next big thing.
COVID-19 induced pandemic
and disruption is being seen as the catalyst for a global reset and the
acceleration of digital transformation. Across the organization, everyone must
recognize that, for a business to achieve sustained innovation excellence, it
is very important that an innovative mindset must be integral to every
employee’s job profile. Also, Leaderships teams need to measure and reward
innovation so that it becomes a core competency that drives priority-setting,
resource allocation, talent acquisition, and the development of influential
leaders.
New age leadership teams know that many old ways of working are
basically incompatible with a successful digital transformation culture and a
tremendous, yet subtle cultural change is required. Given that every company is
different, according to Protiviti (https://www.protiviti.com/IN-en/insights/bpro102)
the leadership teams should consider whether the organization is a digital
follower, expert, or leader:
- Digital follower — under this category, a
given company has developed a digital strategy and has a proven track
record delivering on digital initiatives, which are typically focused on
discrete aspects of the customer journey as well as internal process
automation.
- Digital expert — under this category, a
given company has a proven track record of adopting emerging technologies
has achieved high levels of process automation and quantitatively manages
digital aspects of its strategy enterprise-wide.
- Digital leader — under this category, a
given company has a proven track record of disrupting traditional business
models; digital aspects of strategic plans are continually improved based
on lessons learned and predictive indicators.
Other experts tend to
agree. According to the Danish business leader and leadership author Torben
Rick (https://www.torbenrick.eu/blog/culture/culture-change-is-key-in-digital-transformation/)
, digital transformation isn’t really about technology, it’s about
organizational agility - and culture plays a vital role in the digital
transformation of any business.
Building and sustaining a
culture of digitalization is also the new core for each organization making an
attempt to grapple with the onslaught of economic process fuelled by digital
disruption from its competition. digitalization is regarding permitting
technology to drive your organization – your product, services, client
interactions, and core operations – so as to maneuver quicker. However,
digitalization conjointly needs an organizational culture where folks are both
ready and willing to adapt. Thus,
digital culture and transformation go hand in hand. Ignore culture and risk transformation failure. Rick identifies digital culture transformation as leading the adoption of recent technology; it's the shift from ancient, analog culture, wherever choices area unit supported marketing
research, careful business cases, and careful in-house reportage, to a
digitally-driven surrounding, wherever choices area unit created by
cross-functional groups supported live customer-centric information. It’s being
ready to fail quickly instead of being averse to risk.
Organizations don’t
transform, people do.
Digital culture is a
company-wide change in mindset and behavior that has a good chance of succeeding only if it is instilled from those at the top. Leaders need to
demonstrate their enthusiasm for new technologies and be prepared to develop
new skills themselves in order to empower people to transform within the
organization.
But then one might
question, why all this fuss around digital and digital culture? Well, as it
turns out, with empirical evidence, it does appear that digital organizations
move faster, favoring continuous iteration over refining a product or service
to perfection before launching it. Another fundamental tenet of digital culture
that is highlighted in multiple articles is the great benefit of flattening
organizational charts. When collaboration across teams is encouraged and valued
over individual effort, and employees are trusted to make judgment calls – no
matter what their role – empowerment follows, and this empowerment fuels
motivation, which can lead to faster decision making and, ultimately, more wins.
As the teams learn to
collaborate, the organization will become more transparent, and finally, as
digital culture embeds in the business, the organization’s focus will
inherently shift outward. Outside expertise and customer feedback will be
sought-after rather than feared as the organizational culture changes into an
agile and resilient digital powerhouse.
To summarize, digital
transformation depends on having a digital culture supporting it because
digital culture:
· Enables
focus on customer needs rather than internal processes
· promotes
agile thinking
· places
high emphasis on collaboration
· drives
transformation
· empowers
workers across the company