by Michael Haynes
As a consultant who works with organisations to improve their performance, I can definitely say that I am in total agreement with the four key components required for future readiness.
Collaboration: It is imperative now that all elements within the value chain (companies, customers, suppliers) work together to deliver the products and services that are being sought after. The ability to effectively develop and deliver sought after offerings is often best achieved through such efforts. As a result, many organisations are starting to do this with their product development. Boeing is an example that quickly comes to mind. Given the added complexity, cost and risk of developing and delivering products and services…this will really need to continue to be the way forward.
Adaptable Skills: Also another imperative that must be met. The way business is being conducted is constantly changing. Hence a much broader and deeper skill set is required in many areas of business. Marketing and Sales are two examples. Both now require a data driven analytical and strategic skill set. The distinctions between various functional areas of business are becoming more and more blurred. Again referring to marketing for instance, today and future marketers need to have solid foundations in marketing, strategy, finance and even IT and statistics. With the heavy emphasis on technology and information (and the increasing sophistication of both) moving forward, continued adaptability and expansion of skills will be critical for both one’s survival and success.
Alignment: Establishing alignment both within organisations as well as among other members of the value/supply chain is critical. Gaining internal alignment is often quite a daunting and challenging task for many large corporations. Senior leaders in the organisation must spearhead and drive this. Unfortunately all too often there is difficulty in gaining alignment to meet common objectives. I suspect this is due to the various internal agendas which exist.
Community: Again given the added complexity that now exists given technology, establishing a community among those with common goals and interests is going to be key to success. They will be able to pull their skills and resources together (ie collaborate) to achieve the desired objectives. I think a “win win” attitude must be adopted more within the business setting to allow more progress and achievement to occur moving forward.
Michael Haynes is Director of 2Excell Consulting, an international firm that positions B2B organisations to maximise their bottom line performance by empowering them to systematically understand and respond to customer needs. He has over 14 years experience in the areas of customer insights, strategy development and execution working for large corporations in various industries including automotive, financial services and telecommunications in Australia, Brazil and Canada. Michael can be reached at email@example.com