Companies are grappling with change more than ever before: a complex web of political, socio-economic, technology, legal & regulatory and environment factors along with the global impact of the Coronavirus are now combining to rapidly disrupt the business landscape.
No longer can businesses be sure of their future security or who their competitors will be or where the next threats and opportunities will come from.
This unprecedented level of disruption will polarise businesses between those who succeed by harnessing change and those who fail by resisting it.
The latest trends for future proofing organisations based on global research shows the 3 key changes to help organisations understand the disruptive forces that they face and guiding them to take advantage of the opportunities.
The Global Trends are:
Empowering the Workforce:
With all the current threats, the one key element of stability needs to be our people.
Borderless departments and collaboration across the entire organisation, enables workforces to become increasingly flexible and agile. Individuals are becoming the masters of their own multi-disciplined careers.
Harnessing these changes is essential for organisations and helping employees to be more productive is of major importance.
The days of making the high margins are almost over for most companies. For this reason we need to seek ways to increase the profitability of the company via other means. One of the easiest methods is to increase the productivity of our workforce.
This does not mean work them longer hours and drive them harder. It could mean reviewing systems and processes so our people can be more productive, flexible and agile through well thought through job descriptions that are relevant and drive innovation and growth.
The one key element that we take all to mildly is building trust and respect from our people which builds loyalty and commitment.
As the digital world converges ever more with the physical world, business transformation with digital technology at the forefront is becoming a top priority. Nearly half of the world’s largest businesses now rank investment in digital innovation as their top priority for the next three years.
Our businesses must mirror consumers emerging buying preferences. The internet is enabling businesses to innovate faster and transform assets into intelligent devices that provide real-time insight into the business and its customers.
The technology is there, the question then becomes, does your workplace culture encourage your people to be innovative and creative to assist the business use the technology to secure the future for your people and organisation?