thrive in the new normal. - deloitte us | audit

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Thrive in the New Normal. By transforming and reinventing how you work, lead, and organize.

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Page 1: Thrive in the New Normal. - Deloitte US | Audit

Thrive in the New Normal.By transforming and reinventing how you work, lead, and organize.

Page 2: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

Hi!

Fateh Amroune [email protected]

This is where I work…

Page 3: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

YES!We will share the slides

Page 4: Thrive in the New Normal. - Deloitte US | Audit

How can organizations thrive in this fast-moving, digital, and technology-driven world?

The key question is…

Page 5: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

T r a n s f o r m t h e B u s i n e s s

T r a n s f o r m t h eO r g a n i z a t i o n

Transforming your business by

• Creating new growth ventures

• Revisiting business models

• Focusing on customer experiences

• Rethinking your strategy and

• Uncovering new opportunities through innovation

Transforming your organization by

• Transforming your culture

• Introducing new ways of working

• Building capabilities that are suited for this new reality

Thriving =

Growth + Innovation + Transformation

Today

Page 6: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

WHY

What’s driving the need for new ways of working?

WHAT

What are the new ways of working?

HOW

How to transform your ways of working?

Page 7: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

Why does our organization struggle to move quickly and what can we do about it?

How do we empower our people to take more responsibility for performance and truly be customer-centric?

How do we organize for operational excellence, cost, and innovation-driven growth at the same time?

How can our organization sense changes in the market and respond quickly?

Are you wondering…

Page 8: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

What’s driving theneed to transformhow you work?

Three key arguments

WHY?

Complex, uncertain environment01

02 Outdated way of working, organizing,managing

03 Advantages and benefits achieved bythose who did it already

Page 9: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

01WHY?

Source: https://hbr.org/2007/11/a-leaders-framework-for-decision-making

Volatile

Uncertain

Complex

Ambiguous

The environment demands you react quickly to ongoing changes that are unpredictable and out of your control.

The environment requires you to take action without certainty.

The environment is dynamic, with many interdependencies.

The environment is unfamiliar, with no obvious meaning, open to interpretation.

Page 10: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

02What year is this org chart from?WHY?

Page 11: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

02What year are these from?WHY?

Page 12: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

02What year is this org chart from?WHY?

Pacific Railways

1920

Page 13: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

WHY?

The way we work and manage was invented for a different purpose than what we need today.

Industrial Management

Efficiency

Scale

Optimization

Planning

Stability

Standardization

New Ways of Working

Resilience

Creativity

Responsive

Speed

Innovation

Agility

02

Page 14: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

WHY?

Benefits of applying new ways of working. Adaptable organizations move faster, are more agile, and foster ownership mind-sets, resulting in greater productivity and reduced cost.

If you don’t do it, you will miss out and fall behind those who do.

Source: Deloitte research

• 4x increase in speed to revenue

• 55% acceleration in time to market

• 65% reduction in the up-front preparation time

Increasespeed of execution

Boost customer satisfaction

More engaged employees

Increaseproductivity

Improve bottomline results

• Up to 25% in costs decrease

• Increase revenues from 10 to 20%

• Up to 30% improvement in financial performance

• Up to 40%-points improvement in customer advocacy

• Up to 30%-points improvement in customer satisfaction

• A 50% increase in quality

• Operational performance 30% to 50% improvement

• 30% boost in employee engagement

03

Page 15: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

(1) What’s keeping your team / organization from doing its best work?

(2) What will happen to your team / organization if you keep on going like you are and don’t change the way you work?

Questions for you…

Page 16: Thrive in the New Normal. - Deloitte US | Audit

You need to transform the ways your teams work, your managers lead, and your organization operates.You need to become an adaptable organization.

What’s the consequence?

Page 17: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

WHY

What’s driving the need for new ways of working?

WHAT

What are the new ways of working?

HOW

How to transform your ways of working?

Page 18: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

What is an adaptable organization and what do the new ways of working look like?

New Ways of Working

WHAT?

Traditional Organization Adaptable Organization

Profit-driven Purpose-driven

Internal-focused Customer-focused ecosystem

Hierarchal structure Flexible network ofcross-functional teams

Siloed, bureaucratic interactions Collaborative and agile

Resistance to changeChange, innovation

and learningare continuous

One-size-fits alltalent management

Individualized talentengagement

Page 19: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

WHAT?

The Building Blocks of Adaptable Organizations and New Ways of Working.

New Ways of Working: What does it mean?

Enable high performing teams by adopting cross-functional, connected ways of working, and agile practices.

Unlock resilient individuals through adaptive talent programs to enable how people want to learn, grow and develop.

Organize capabilities away from deep hierarchy and silos towards a network of multi-disciplinary teams.

Exist in purpose driven ecosystems with defined customer focused missions.

THE ORGANIZATION

THE TEAM

How work is ORGANIZED and how the organization OPERATES

How work is DELIVERED

Are inclusive orchestrators versus technical task masters in order to unlock the full potential of diverse skill-sets.

Focus on leadership capabilities: energize, connect, enable.

THE LEADER

How work is MANAGED and LED

Page 20: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

WHAT?

The Building Blocks of Adaptable Organizations and New Ways of Working.

New Ways of Working: What does it mean?

THE ORGANIZATION

THE TEAM

How work is ORGANIZED and how the organization OPERATES

How work is DELIVERED

THE LEADER

How work is MANAGED and LED

Principles + Capabilities

Enable high performing teams by adopting cross-functional, connected ways of working, and agile practices.

Unlock resilient individuals through adaptive talent programs to enable how people want to learn, grow and develop.

Organize capabilities away from deep hierarchy and silos towards a network of multi-disciplinary teams.

Exist in purpose driven ecosystems with defined customer focused missions.

Are inclusive orchestrators versus technical task masters in order to unlock the full potential of diverse skill-sets.

Focus on leadership capabilities: energize, connect, enable.

Page 21: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

principle/ˈprɪnsɪp(ə)l/

nounnoun: principle;plural noun: principles

WHAT?

New Ways of Working: Five fundamental principles.

• a fundamental truth or proposition that servesas the foundation for a system of belief orbehaviour or for a chain of reasoning.

• a rule or belief governing one's behaviour.

Page 22: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

WHAT?

When it comes to New Ways of Working, these 5 principles act as rules for how teams, leaders, and your organization need to act.

New Ways of Working: Five fundamental principles.

FOCUS ON PROGRESS& OUTCOMES

Bias toward action

Experimentation

Sense + Respondto change

Learn + Adapt

Continuous Innovation

Fast Prototyping

Rapid decision making

Safe to try

BE PURPOSE DRIVEN

(often) Customer focused

Clear mission

Have a clear focus of what should be accomplished

Focus on user outcomes

COLLABORATE

Co-CreationEcosystems

Networks of teams

Cross-functional

Sponsor users

WORK IN THE OPEN

Transparency

Frequent communication

Access to information

All access by default

Transparent decision making

Failures + Successes

Shared consciousness

Front-lineEmpowerment

Bring your whole person

End-to-end responsibility

Trust

Consent

Come as you are

Self-management

BE PEOPLE POSITIVE

Empowered Execution

Growth Mindset

Psychological Safety

Inclusive

Autonomy

Page 23: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

How well is your team / organization doing on these five principles?

Question for you…

0 10

We got all this 100% in place

Page 24: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

capability/keɪpəˈbɪlɪti/

nounnoun: capability;plural noun: capabilities

WHAT?

New Ways of Working: Three core capabilities.

• the power or ability to do something

• the extent of someone's or something's ability

Page 25: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

WHAT?

New Ways of Working: Three core capabilities.

Core CapabilitiesFoundational skills your organization needs to drivenew ways of working.

Human-centered innovation &problem solving

Teamwork & collaboration

Adaptability & agility

Page 26: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

WHY

What’s driving the need for new ways of working?

WHAT

What are the new ways of working?

HOW

How to transform your ways of working?

Page 27: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

You cannot transform to a new way of working using your traditional change management approaches. Transforming towards new ways of working, requires new ways of transformation.

Keep in mind…

Page 28: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

How to transform and reinvent your ways of working to become an adaptable, agile organization?

HOW?

Key principles

Outcomes over Procedures

Start small over Big bang

Invite over Enforce

Top Down over Bottom Up

Page 29: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

HOW?

Focus on business outcomes and creating value

Outcomes over Procedures

Happier

Sooner

Safer

BetterValue

• Quality• Do you involve the customer for feedback and

validation?• Sample measurement:

Customer Satisfaction survey (NPS)

• Has quality and compliance improved?• Sample measurement:

Number of Incidents, MTTR (mean time to resolve)

• Flow• Can you as organization rapidly pivot with

change or disruption?• Sample measurement:

Feature Leadtime, time to market, throughput

• Engagement• Are your teams and clients happier?• Sample measurement:

Employee Satisfaction survey (NPS)

Happier Safer

SoonerBetter

Deliver more with lessCustomer and

colleague-centricity

Enable the

digital enterpriseSurvive and thrive

Balanced set of outcomes without achieving some at the expense of others

Page 30: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

HOW?

Start small, learn fast, scale intelligently

Start small over Big bang

Complex

Ability to start finishingright from beginning

Focus on the right and most valuable things

Focus on Outcomes and Validation of Benefit Hypothesis

Learning and Mindset change on the way

Benefits of Incremental Change Approach

Pe

rfo

rma

nce

Time

Traditional change approach

Incremental Change Approach

Page 31: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

HOW?

Like any innovation, “organizational innovation” follows the Innovation Adoption Curve

Invite over Enforce

Page 32: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

HOW?

Top down over Bottom up

Leadership Team = Team #1

Page 33: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

HOW?

Our approach and how we engage: Supporting organizational transformation by focusing on value and business agility using 5 key organizational components. These 5 key organizational components consisting of several building blocks to future proof a business focusing on value and business agility.

Org Design & Transformation.

Value

DrivenTechnology

Organization Design

People

Way of Working

Customer journey

Strategic roadmap

Workforce transition

Adaptable organization design

Capability model

Governance

Workplace

Portfolio & benefits management

Way of working playbook

Budgeting

Methodologies & maturity

Processes & tooling

Agile contract & vendor management

Learning agility

Culture principles

Leadership agility

Talent strategy

Strategy

Case for change

OKR’s

Application simplification

Cloud infra and cloud brokerage

API mgt & microservices

DevOps & CI/CD

Big data & advanced analytics

Low code Platforms

Page 34: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

HOW?

Call to action: Start with one team.

• Train the team

• Create awareness and inspiration on new ways of working

• Start building a high-performance team

Step 1

Step 2

Step 3

• Define with the team how to apply new ways of working

• Guide the team in designing a better way of working for them

• Support the implementation through initial facilitation of key events and meetings (e.g., sprint planning, retrospectives,…)

• Support the team and individuals during implementation via team and 1:1 coaching

Page 35: Thrive in the New Normal. - Deloitte US | Audit

Copyright © 2020 Deloitte. All rights reserved.

Fateh Amroune [email protected]

Get in touch to discusshow your team can

design a better way of working.

Over to you for Q&As

Connect on LinkedIn