technology led business transformation
DESCRIPTION
This presentation talks about how leaders can navigate their organizations through transformation exercises leveraging tech trendsTRANSCRIPT
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Technology Led
Business Transformationby Mukesh Gupta
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Technology Led Business Transformation
Do we even need to be thinking about
transforming our businesses?
© Mukesh Gupta. All rights reserved.
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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.
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3 Parts of the Equation
Business Technology
Transformation
© Mukesh Gupta. All rights reserved. Technology Led Business Transformation
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© Mukesh Gupta. All rights reserved. Technology Led Business Transformation
Business
BusinessDo you or your IT team truly understand your business?
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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
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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
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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
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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.
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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
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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
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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
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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
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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
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Your DecisionTranform & Thrive or Wait & Perish
© Mukesh Gupta. All rights reserved. Technology Led Business Transformation