technology led business transformation
DESCRIPTION
This presentation talks about how leaders can navigate their organizations through transformation exercises leveraging tech trendsTRANSCRIPT
Technology Led
Business Transformationby Mukesh Gupta
Technology Led Business Transformation
Do we even need to be thinking about
transforming our businesses?
© Mukesh Gupta. All rights reserved.
Technology Led Business Transformation
The Cost of Doing Nothing• 52% of Fortune 500
companies don’t exist today• Industries vanish• Clocks • Fountain Pens
• Kodak • Motorola/Nokia/Blackberry
• Reaching Billion $ Valuations in 4 years?
• Uber• AirBnB• Flipkart/Amazon• iOS/Android
© Mukesh Gupta. All rights reserved.
3 Parts of the Equation
Business Technology
Transformation
© Mukesh Gupta. All rights reserved. Technology Led Business Transformation
© Mukesh Gupta. All rights reserved. Technology Led Business Transformation
Business
BusinessDo you or your IT team truly understand your business?
Technology Led Business Transformation© Mukesh Gupta. All rights reserved.
Business
Key Partners
Cost Structure Revenue Streams
Value Proposition
Customer Segments
Key Activities
Key Resources
Customer Relationships
Channels
Technology Led Business Transformation
Business Model Innovation
© Mukesh Gupta. All rights reserved.
Business
>New value Propositions>New Customer Segments>New Revenue Streams>New Partnerships>New Channels>New Way manage Relationships>Reducing resources>Reducing activities>Combination of the above
Technology Led Business Transformation
Think about
© Mukesh Gupta. All rights reserved.
Business
> Industry Swap>Bio-Mimicry>Role Reversals>Skip It>Challenge Assumptions> Introduce Constraints>Remove all Constraints>Combination of the above
Technology Led Business Transformation
TechnologyDo you or your IT team truly understand the technological trends & how to ride them?
Technology
© Mukesh Gupta. All rights reserved.
Technology Led Business Transformation
Technology
© Mukesh Gupta. All rights reserved.
Hard Trends>Mobile H/W, S/W & Services >Remote Visual Communications>Social Business Management >Additive Printing >Gamification>Cloud & Virtualization>Big Data & Realtime Analytics> Intelligent ePersonal Assistants>Wearables> Immersive Web> IoT>Extreme Personalization (Segment of 1)>Adv Robotics & Automation>Tech savvy workforce
Technology Led Business Transformation
The risk is not in spending time/money/effort to explore these trends but in not doing so
and losing out to a hitherto unknown competitor
Technology
© Mukesh Gupta. All rights reserved.
Technology Led Business Transformation
TransformationSuccessful transformation is as rare as finding water in a desert. But you do find water in the desert, if you know where & how to look for it!
© Mukesh Gupta. All rights reserved.
Transform
Technology Led Business Transformation
3 Crucial Ingredients
© Mukesh Gupta. All rights reserved.
Transform
>The Elephant (Motivate)>Find the ‘Feeling’>Shrink the change>Grow your people
>The Rider (Direct)>Point to the destination>Find & follow brightspots>Script Critical Moves
>The Path (Shape) >Tweak the environment>Build Habits (Cue, Routine, Reward)>Rally the herd
Technology Led Business Transformation
All transformation projects follow a ‘U’ curve. They start with Hope, followed by Despair and end with confidence & success. You just need
to realize this and keep going!
© Mukesh Gupta. All rights reserved.
Transform
Your DecisionTranform & Thrive or Wait & Perish
© Mukesh Gupta. All rights reserved. Technology Led Business Transformation