10 reasons why digital transformations fail

By Clint Boulton

Digital transformations remain fashionable. CIOs are stitching together cloud, APIs and microservices into platforms to augment business processes. Agile architectures, they believe, help streamline operations and better serve customers.

Forty-seven percent of 510 business and tech leaders claim that their organization is advancing digital transformation plans across the enterprise, according to research conducted by consultancy TEKsystems in late 2019.

The harsh reality is that such transformations often feel like mirages: cool and inviting from afar, but less real as they progress along the path. Often the biggest misstep is the inability to account for the cultural change required to pull off enterprise-wide transformation.

Getting blindsided by the COVID-19 isn’t doing organizations any favors on their transformation journeys, but even those who keep most of their budgets intact, there are very specific impediments to driving wholesale enterprise change. Here are 10 stumbling blocks derailing digital transformations. Continue reading

8 tips for driving digital strategy during COVID-19

By Clint Boulton

From deliverable schedules to procurement windows, virtually every IT timeline has been compressed by the coronavirus crisis. Those three- to five-year horizons for digital transformations? They’ve shrunk to months thanks to the pandemic, say some CIOs and consultants.

As is often the case, the truth is more nuanced. Big Bang transformations have been streamlined — not sidelined — in favor of short-term priorities. Having stabilized email, boosted bandwidth and battle-tested VPNs to fulfill mandatory work-from-home policies, CIOs have set their sights on innovation. Companies such as Nationwide have digitized software development to accommodate employees working remotely and to serve customers without a hitch.

The new normal

Such is the new normal for most large companies, and IT “will be in the middle of that,” according to Rick Pastore, senior research director of The Hackett Group. Mobile devices and software, cloud and other digital tools grant CIOs greater flexibility than they’ve had previously in supporting how and where employees work, Pastore says.

Moreover, objections to smart automation, machine learning, advanced analytics and other emerging technologies that require robust investments will “melt away” — if they haven’t already, Pastore predicts. Many CIOs have created new analytics dashboards to chart productivity and have built bots to digitize manual tasks. Others have changed the way they meet with business peers during the pandemic, with a mind toward preserving that method in the future. Continue reading

How businesses could emerge better after COVID-19, according to B Lab

By Adele Peters

As the coronavirus crisis and the ensuing economic fallout grows, many companies shifted their policies—in some cases, giving low-wage hourly and gig workers temporary access to paid sick leave for the first time. But when the crisis is over, will the companies that survive make more lasting changes?

Andrew Kassoy, cofounder of B Lab, an organization that certifies companies that focus on social good as B Corporations (B Corps for short), argues that the pandemic might accelerate shifts that were already underway. “I think there is already a new consensus that has formed over the last couple of years that we were moving from shareholder capitalism to stakeholder capitalism,” he says, pointing to examples such as a 2019 letter signed by CEOs in the Business Roundtable that signaled a new commitment, at least in words, to more social responsibility.

“I think that message has already been heard loud and clear in the culture,” he says. “And I think this crisis creates an opportunity because it makes it clear that we haven’t built a resilient economic system. This is an opportunity for us to focus on both how business and government play a role in building a more resilient economic system for the next crisis, and there’ll be more of these.”

The current crisis makes it obvious, if it wasn’t already, how many people have been living financially fragile lives. “There’s this oft-quoted statistic that 40% of Americans aren’t prepared for a $500 emergency, and now, we’re all having that emergency together,” Kassoy says. “While shareholder primacy didn’t cause the COVID-19 crisis, it certainly laid bare the fact that we have a system where workers and communities aren’t prepared for a downturn like this. You can see it in how fast the unemployment numbers went up. You can see the desperation of lots of workers to find alternative sources of income and the need for a massive bailout. And so in a different system, where companies were actually paying our workers well enough that people had reserves, we might be in a different situation than we are today and needing a multi-trillion-dollar bailout. And this will only be the first of several, I’m sure.”

Kassoy argues that B Corps, which have to meet strict standards for social and environmental performance, are actually better prepared to weather crises; during the last financial crisis, B Corps were 63% more likely than other businesses of a similar size to make it through the downturn. “We think that’s because those companies were more resilient,” he says. “They had stronger relationships with their workers, or their customers, or through their supply chains, that allowed them to make it through. I hope that we’ll see something similar this time around.”

It’s possible that more companies will choose to make changes to benefit workers. While many businesses are obviously struggling now, when the economy improves, some may decide to pay living wages and offer better benefits rather than adding to oversized CEO pay or making other investments.

Investors should also push for broader improvements, Kassoy says. “It’s pretty tough to expect individual heroic CEOs to change the whole business system. So we need the investment community to play a role as well. They, more than individual companies, have an interest in the stability of the whole system.” Government also has an obvious role—both in terms of setting conditions on companies if they’re given bailouts during the crisis, and by passing laws to permanently improve policies such as sick leave and access to healthcare. “It’s really about changing the rules of the game so that all companies have to be like B Corps.”

“If we get to the other side of this and we end up with the same system that we started with,” Kassoy says, “then we won’t have learned much.”

 

Source: Fast Company

Stay Positive

It is certainly a difficult and challenging time for all of us and we deal with the health and economic issues that are going on around us. I just read this article written by Tony Robinson  that I thought I would share with you.

“Life is not the way it’s supposed to be, it’s the way it is. The way you cope is what makes the difference.” – Virginia Satir

Now I know this may sound cliche, but the thing about cliches is that they’re typically true. Staying positive is only a small part in getting through the difficult times, but it’s an important part.

When you stay positive, you’re putting yourself in the best position possible to not only make it through those bad times, but become a better person in the process.

You can do one of two things when life takes a turn for the worst. You can remain positive and remind yourself that there really is a light at the end of the tunnel and that you’ll make it through, or you can curl up in the fetal position and relegate yourself to being nothing more than a victim of circumstance.

I’m not saying that you can never have a bad day, or get a little discouraged, or shed a tear. But I am saying you have to eventually pick up the pieces and start moving forward.

 

How to reinvent HR for a changing world

By: Jen Colletta

Josh Bersin shared his insights on management shifts, career development and employee experience.

To keep up with automation, many organizations are striving to arm their workforce with digital skills. Not so fast, says HR industry analyst Josh Bersin—to truly becoming digital entities, organizations need to work toward becoming service companies.

That’s the message Bersin shared this week at IAMPHENOM, the annual conference of Phenom, which provides platforms to manage the talent experience. About 1,000 HR practitioners and leaders gathered for the event in Philadelphia, which was themed around the four audiences Phenom’s experience products are tailored to: candidates, recruiters, employees and managers.

All four segments are affected by automation, Bersin noted.

“We used to think about that in terms of employees needing digital skills; but becoming a digital company means means actually acting in a digital way, and that means becoming a service organization,” he said. “We’ve all become service workers—we’re all in the people business because, if everybody in the company doesn’t feel engaged, trained and aligned today, the company isn’t going to operate the way it used to.”

The Role of Managers

Ensuring employees are up to that challenge requires competent managers—but the role managers play is also transforming, Bersin said.

“We don’t work in hierarchical companies anymore,” he said, noting that his recent research found that 35% of companies said their workers operate in a network—up from 6% just five years ago. “You can call it agile, you can call it a network, you can call it teams—but we have to come to grips with it.”

Organizations are moving away from the concept of managers providing direct oversight over employees; modern “service companies” instead operate with the expectation that managers manage projects—and people manage themselves. Workers know their responsibilities, are eager to learn and innovate, and look to their managers for help and clarity—but not permission to make decisions, Bersin said.

That’s been an ongoing evolution in the last several decades, as leadership models moved from industrial to hierarchical to collaborative to teams and, now, to the trusted enterprise—rife with teamwork, data, high productivity and in-the-flow work.

Driving Development, Experience

The shifting role of managers goes hand in hand with evolving employee expectations, including around career development.

Jobs are changing, roles are changing and the concept of “climbing the corporate ladder” is becoming extinct—as employees aim to move around, rather than straight upward, which employers can take advantage of, Bersin said.

“Careers are now about finding people important development opportunities in the context of what the company wants to do,” he said.

A prime example is IBM, Bersin said, which recently conducted a companywide skills analysis and found 10,000 people who had the skills needed for positions it was looking to fill; similarly, a large bank that was struggling to hire AI engineers ultimately looked internally at employees with math degrees—including those working in marketing—who were offered reskilling opportunities to move into the new roles.

Leaders must also be cognizant of changing expectations for employee experience.

Many organizations are ramping up benefits in an effort to draw in and keep top talent; Dropbox, for instance, Bersin said, built a reputation for its innovative perks, including free breakfast, lunch and dinner by one of San Francisco’s most renowned chefs. But, after conducting focus groups with employees—and explaining that the company was spending 30% of wages on benefits—leaders found the benefits may not have been as impactful as they thought, he said. Workers were most eager for bonuses, more highly trained managers and better tools to make the work experience more productive.

“[Innovative benefits] are good tools to attract people, and they’re not bad things to have, but the real expectation is about the human experience at work,” Bersin said.

See also: Kindness: The missing ingredient in a great employee experience

He encouraged HR leaders to keep in mind Maslow’s hierarchy: At the base level, meet employees’ physical and safety needs, but strive to meet the highest expectation: self-actualization—focused on personal growth, fueled by an alignment with the company’s mission and purpose.

In a recent study Bersin conducted with LinkedIn, employees were asked what most inspired them about their job—the highest percentage (26%) focused on the nature of the work itself.

“The right job,” Bersin said, “is twice as important as culture—and more than four times more important than money.”

Source: HR Executive