business in competitive era
TRANSCRIPT
-
8/18/2019 business in competitive era
1/17
Technological change and
other factors havetransformed business as weused to know it, into a more
dynamic environmentcharacterized by a faster
speed of change than everseen before.
-
8/18/2019 business in competitive era
2/17
Accept that Constant andFast Change is the New
Normal
-
8/18/2019 business in competitive era
3/17
“The future is coming at us faster and faster,the rate of change is increasing and theamount of change that takes place in agiven year is skyrocketing as well. So
much change has taken place so fast thatour governments, businesses, and otherlarge institutions haven’t always hadenough time to fully catch up. “ David
Burstein author of the Fast Future
-
8/18/2019 business in competitive era
4/17
Leverage the Possibilities ofBig Data
-
8/18/2019 business in competitive era
5/17
David Court, c!insey Director argues thatregardless of whether or not you are a data based
company, all businesses can leverage data andanalytics to make stronger data#supported
predictions and optimize performance byobtaining a broader view of operations. $t isimportant organizations ensure data doesn%t
become siloed, so they can fully optimize andtake advantage of advanced analytics.
$nformation may not be valuable for long so it%simportant businesses e&ploit it and get utility out
of it, to strengthen their competitive position.
-
8/18/2019 business in competitive era
6/17
Constant Innovation
-
8/18/2019 business in competitive era
7/17
'iven the dynamic environment aconstant focus on innovation is
fundamental.
-
8/18/2019 business in competitive era
8/17
Agility
-
8/18/2019 business in competitive era
9/17
Traditional bureaucraticorganizational structures are slow to
change and thus not adaptable
enough for today%s innovativebusiness environment. (rganizations
need to be redesigned to be more
agile) to ad*ust in real#time aschange occurs.
-
8/18/2019 business in competitive era
10/17
Face Disruption ead !n
-
8/18/2019 business in competitive era
11/17
$t is important that companiescontinually scan the environment inwhich they operate and constantly
research new ways in which they canbetter meet their customers% needs.
-
8/18/2019 business in competitive era
12/17
Conclusion
-
8/18/2019 business in competitive era
13/17
The key to our success in dealing with change ## at anindividual and at an organisational level ## lies in ourwillingness to accept change and to respond at lightningspeed to the demands placed by our environment with
empathy for all those who are involved. $t is normal to wantto resist change+ to try bargaining and negotiating thingsback to the way they were) and to feel frustrated when thechange inevitably continues.
-
8/18/2019 business in competitive era
14/17
-
8/18/2019 business in competitive era
15/17
-
8/18/2019 business in competitive era
16/17
To survive in a globalised society and in a universethat is constantly changing, we need to see
change for what it is the natural order of things
-e need to recognise this and to master thetechniues to become part of that natural orderso that the organisation survives and thrives in
the storm of change.
-
8/18/2019 business in competitive era
17/17