Category: business transformation

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business transformation creativity digital internet media organizational technology

#himc – a cheap first step towards changing a bit

For a very long time, Hyper Island have been using the #himc tag, which stands for hyper island master class, to share think pieces, concrete advice, brain food and absolute must-reads.

Many organisations need help and advice on how to make better (business) sense of emerging technologies and possibilities – and more importantly subsequent behaviours and implications for business and brand strategy – and I, personally, do a lot of work in that area (both as occasional hyper island collaborator, but primarily under the funny you should ask flag).

In all honesty, just by following the #himc tag (which cost nothing but a few minutes of attention), as they live by the sharing is caring rule of thumb, any company looking to better navigate an increasingly complex reality would benefit greatly. It doesn’t have to take much, but what is a required first step, is to start letting new perspectives, inspiration, opinions and realities through that filter called business as usual.


Categories
brand business business transformation digital organizational planning strategy technology

business transformation before digital transformation

MITSloan presented some results from a survey about the need for digital transformation (companies face an imperative: adopt new technologies effectively or face competitive obsolescence as the study states). Results include an interesting, but not so strange, paradox:

  • 78% say achieving digital transformation will become critical to their organisations within the next two years
  • Only 38% of respondents said that digital transformation was a permanent fixture on their CEO’s agenda

I think this circles the most pressing issue and bottleneck; the interchangable use of digital transformation and business transformation.

Looking at digital technology (in whatever shape or form) from the level you stand, will not help you transform the business. Albert Einstein said that “No problem can be solved from the same level of consciousness that created it”. If you are expecting business transformation, you need to work on where that transformation might be going before you look at digital technology. Multiple answers will do too, scenario planning and future creation are exercises in plurality, but you simply cannot view things like you used to.

Despite growing acknowledgment of the need for digital transformation, most companies struggle to get clear business benefits from new digital technologies. They lack both the management temperament and relevant experience to know how to effectively drive transformation through technology.

Brand therapy in order to aim business transformation

So It’s backwards. Technology won’t give you the new future and reveal possible business benefits, it helps reach it and to an extent anticipate it. Companies need to revisit their entire reason for being, the meaning of them in peoples’ lives. Turn it inside out, because whatever you are now was created in a reality which is no longer. You need to go to brand therapy. Looking at yourself through the same old eyes simply cannot reflect a transformed image. You need a new level of self consciousness which means you have to have the guts (and realise the scope of a transformational process like this) to question old truths. You have to be prepared to redefine what you do (the business) as opposed to how you do things (the tools).

MITSloan survey, barriers to digital transformation

What I say is missing from this is the lack of a clear purpose and new self consciousness. The pieces that help give change a clear direction, reason and fundamental meaning.

Categories
business business transformation case

the ecosystem businesses are a part of

Restaurant accepts trash as payment

Examples like these might seem tiny, insignificant and maybe even fruitless. But I disagree. To every product there is a backside to the production, usage and remains. To all of this there is a business oportunity somewhere. And as businesses are pressed to rethink the entirety of their operations I think we’ll see more examples of significant size where reframing markets as an end-to-end eco system makes perfect sense. And if Unilever can view its Sustainable Living Plan as the business strategy there’s hope.