Survival of the strategic.
In today’s rapidly transforming world of new business models, digital innovation and agile delivery, the need to managing rapid changes is a matter of survival. Businesses need to become better at scanning the horizon for optimal products, services and the channels that make it easier for customers to interact with them. We have seen retail chains suffer through their inability to adjust quickly enough or adequately enough to ensure they remain competitive in the market and attractive to customers.
Focusing on technology and failing to plan to achieve business outcomes will not be as “forgiving” as in the past. Organizations, especially for-profit entities, will need to begin to explore investing in data analytics and strategic architecture practices that will lead to the development of well planned and executed business outcomes.
Is your organization floundering towards the future?
If your organization is still floundering in its approach to effectively plan it’s yearly budget and evaluate the business cases put forward for spending to make improvements, you are probably not alone.
How can I tell if my business is floundering?
Here are some clues:
- Do your business teams offer yearly roadmaps that read more like a wish list of technology break-fix tasks or widgets to create?
- Do you routinely see technology projects get cancelled or deferred year over year?
- Do projects regularly go over budget while still under delivering against the KPIs they were meant to improve against?
- Are changes in your business operations not helping you to achieving strategic business objectives?
- Is your business is less able to sustain its current level of operations in support of your customers, workforce or shareholders?
When organizations struggle with operating within a culture of “fire-drills” and “KTLO” (Keep the lights on) priorities, the risk of failure or the impedance to growth becomes much more likely.
What can be done?
There are many Enterprise Business Architecture techniques and leadership methods that can help organizations to improve their products and services while coping with the need to change quickly and effectively.
Who can help?
For more information about how you can get help on achieving your best business outcomes, contact me at russell@archispective.com for an exploratory consultation.