Community Chair

 

The pandemic has brought many uncertain situations with many risks making it tedious for everyone to manage and lead the economic journey peacefully. To balance these risks and attaining continued profits, it is important to understand the value of agility.

At the CULytics Day, Hari Abburi shared some key points on agility and being agile in operations. He is the Managing Partner at The Preparation Company LLC, a global consulting firm, working with his partners on agility in different sectors for years. He helps CEOs and companies change faster than the industry curve. He also teaches this model as a new approach to strategy at Caltech Executive Education. He strongly believes that curiosity drives agility. The agenda of the discussion is to understand agility through examples. 

5 Big Shifts that Impact your People Strategy

  • There is not a single industry company anymore
  • Every business is a platform technology and data business 
  • Agility is about how you do things, not just how you are organized
  • Lines blur between customer and employee strategies
  • The future of work is augmented

When organizations’ were checked concerning these five shifts, a model has been designed that can be useful to understand:

Is Your Strategy at The Right?

Agility is defined as “At the Speed of the Customer” with three key elements:

  • The future belongs to companies that are masters of 3 interactions: 
    • Between industries
    • Between knowledge or Expertise Areas
    • Between aspects of future of work

  • Intelligent Interfaces that Change human behavior:
    • Embedded into the daily lives of people
    • Augmented human functions
    • Enhance analytics and insights

  • Insights that drive disruption ahead of time:
    • Integrate
    • Humans+ machines+ process data
    • Discover new behaviors ahead of time
    • Connects insights from three intersections

The Agility Flywheel

It has several components that are:

  • Follow the customer with cross-industry thinking & build unnatural expertise
  • Get distribution or innovation faster than market or industry
  • Reimagine how work is done with the customer at the center
  • Connect the “Non-Dots” to follow the customers
  • Insights that help enter and disrupt the new market, industries, and segments
  • Reinvent outstanding interface-driven experiences

To have the company truly agile, strategies should be in the right place ad at the right intersection to bring the desired outcomes. The flywheel concept is quite useful in achieving the same. The use of the flywheel will help keep the strategies in fashion.

Organization: To be Agile

  • Strategy Partner: It is about cross-industry innovation-centric platform thinking strategy partnership capability
  • Innovation Partners: Innovation experts focused on new ways to work and deliver customer value
  • Implementation Partners: Geographic and culture masters to drive high-quality business execution 

Know the requirements for being agile. Furthermore, strategy is needed to accomplish the set goals. Customer is the key to survive in the market, so never ignore them. Change agility weekly, daily, or hourly to engage members, ensure relevance and unrivaled experience.

To find the full keynote video of the session, click here.

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