If You Want Your Digital Transformation to Succeed, Align Your Operating Model to Your Strategy – CONTENT FROM DELOITTE

This post seems very straight forward but it is very difficult to shift to another operating model. Transformations and change efforts would be a lot easier if there was alignment with strategy to operations and mapping the future state becomes possible.

My opinion is many organizations are starting to focus on speed and change their organizational structure to push organizational agility but often they are not interested or risk averse to go far enough to really align strategy, future state and structure of operations. Organizations drive for outcomes and the six points that were important to driving a strong organization:
Our research points to at least six ways to potentially increase your chances of building a model that can help guide a successful digital transformation:

• Nominate and empower function and business leaders early on to drive the cultural change required across the organization.
• Define clear roles and responsibilities across businesses, regions, and functional support groups.
• Create complementary incentives and goals for businesses and functions to reduce conflict and optimize resource allocation.
• Establish cross-functional debriefs to keep relevant parties informed, and nominate an owner to manage the process early.
• Institute a governance model with clear KPIs for each leadership team—one that supports quick, independent decision-making.
• Standardize resource and knowledge exchange to ensure that skill sets are cultivated and proliferated.

Learn With Andy

Leaders, revising their five-year plans every quarter, are constantly seeking ways to reinvent their companies and stay ahead of the pack, given competitors of varying capabilities and scale and customers who expect more for less. For many companies, the answer is large-scale global transformation. Eighty percent of CEOs in one study claim to have transformations in place to make their businesses more digital; 87 percent expect to see a change in their operating models within three years.

But leaders see establishing those operating models as their top challenge in achieving digital transformation. So how might they move forward? A review of transformations across industries reveals a common theme: Successful transformations realign the organization to a singular vision; failed endeavors typically do not.

An organization has a far better chance at succeeding when its operating model?or how the organization creates value?is aligned to its strategy. And this means that for transformations…

View original post 1,117 more words

Why Developing Self-Awareness Is Key to Managing Your Time

Self-awareness and time management go hand in hand but in reality managing time since it’s finite is extremely important for many people.The post below gives a lot of great information. For me I am very planned out and my most valuable resource is my time. I tend to plan my activities in the day- the night before I always review my schedule for the next day and use software on my phone and computer. (Timecamp)The software to measure my activity does much of the work in organizing my productivity measurements after I have setup and adjusted my settings and keywords and really helps to automate my measurements. I understand time-management is different for everybody so what is your approach?

Learn With Andy

You might know all the tricks of time management, but are you self-aware enough to put them into action?

6 min read

Opinions expressed by Entrepreneur contributors are their own.

If you Google “time management,”you’lljust under 5.5 million results. You might notice some common themes within those results likeusing a calendar, learning to say “no,” delegatingand prioritizing your health. Techniques like following the 80/20 Rule, blocking out distractions, eating frogs in the morningand planning your schedule in advance are oftenmentioned.

I don’t have an exact figure, but I’ve mentioned these hacks many times in writing and speaking because they are so crucial to time management. I’m also confident that you’ve come across these helpful hacks more times than you may realize. The question I have is, have you taken action to make these time management hacks your own?

Ibelieve that time management problems boil down to something much more straightforward:…

View original post 969 more words

New data analytics case for introductory financial accounting available – KAT Insurance!

I have wrote about education in the past and how traditional theory based education is not preparing graduates for jobs in the real world. Having an accounting degree I really wish I had come out of University with some more knowledge in analytics, BI and data visualization as well as coding. I really think how this Intro Financial Accounting course is being taught is the way of the future. I also think the CPA training needs to get on board with more and more tech training- very few accountants that I have worked with know everything they often are fairly specialized (like a lawyer) if they are in industry. So in reality a good base then more of a skill-set in being able to learn and understand technology that is changing the profession and how to embrace it in my opinion is the best way for CPA to move forward.

Accounting in the Headlines

KAT Insurance logoThe demand for business graduates with data analytics skills has exploded, while the tools and techniques are continuing to evolve and change at a rapid pace. Three of us who teach introductory accounting (Wendy Tietz, Jennifer Cainas, and Tracie Miller-Nobles) have joined forces to develop a case to introduce data analytics in the introductory financial accounting course. This case uses real-life insurance company data that has been anonymized and simplified. The name of the fictitious company analyzed in the case is “KAT Insurance Company.” The case itself is a one-page case and is designed to be able to be completed in 30 – 40 minutes with each software tool (Excel, Power BI, and Tableau.)

This case teaches students how to drill-down into a company’s sales data, gaining a deeper understanding of the company’s sales and how this information can be used for decision-making. Students will use Excel, Power…

View original post 583 more words

Business Intelligence Doesn’t Need More AI; It Needs More Humans By Daniel Codella (Repost)

Great post and in agreement with so many points. If you are looking to be data-driven or organization is looking to be data-driven this is a great read. I am working on a post in regards to CPA’s and financial professionals leveraging data and helping make more informed decisions.

Also interesting that few people talk about bias and how it often can multiply with AI. Also leveraging technology to focus on high value work is becoming more important with tech improvements like RPA (Robotic Process Automation). Also AI lacking emotion and only being rational does affect its capabilities as often emotion is needed in decisions. Would you let go of somebody that might be fighting cancer? Creativity also has not been mastered with AI. Is it time to empower people to really help AI move forward.

Technopreneurph

On New Year’s Eve 2019 at 10:00 AM EST, an artificial intelligence algorithm sent a warning out to medical professionals around the globe about a severe respiratory infection affecting Wuhan, China. In addition to identifying the source of the outbreak, it then used global airline ticketing data to correctly predict that the virus would likely spread to Seoul, Bangkok, Taipei, and Tokyo.

By scouring vast amounts of data including public bulletins, airline travel data, government documents, news reports, and other sources, the AI, developed by Canadian tech firm BlueDot, was able to identify the outbreak of the Wuhan coronavirus before any other organization and issue a warning to health agencies around the world.

The World Health Organization, by comparison, didn’t issue their warning to the public until nine days later.

As of writing, over 20,000 people are infected with the virus, but governments around the world are working hard to…

View original post 2,527 more words

The Elements of Trust

Trust within organizations and teams is essential for them to be high performing. I have been within multiple teams now and read many posts on trust within organizations but this one is one of the best.

Team members need to be open and able to be vulnerable . Leaders need to instill a culture of transparency and when trust is built within teams which I have seen employees are not just more productive but considerably happier. I have also found that trust is often built outside of work a lot quicker be it a quick coffee with other team-members or drinks after work. Morality, competence and alignment as mentioned above are important but in my experience leaders with strong soft skills, emotional intelligence can build accountability within their teams and inherently trust.

I am continuing to re-blog posts I enjoy and will try to post my own content twice a week but re-blog daily. Glatt Consulting has some great content lets get them some more followers.

For an overview of the 5 dysfunctions of a team see the link here.

G| Glatt Consulting

Trust. Trust is so important to organizational success. Trust is what teams are made of. Why is it, then, that trust is so hard to understand, build, and sustain? I think I know the answer.

What I’ve come to appreciate over the 20+ years of consulting to credit unions and other organizations is that trust is not one singular concept, but a concept made up of three distinct elements. Miss any one of the three, as organizations frequently do, and trust cannot exist.

So what are these three elements of trust?

Elements of Trust

Element One: Morality – Morality is typically defined as the “principles concerning the distinction between right and wrong or good and bad behavior.” To trust someone means that you believe the person in question can distinguish between what is right and wrong, and will make the appropriate choice to do what is right the majority of…

View original post 1,031 more words

Starbucks Isn’t a Coffee Business — It’s a Data Tech Company

Great post and very interesting it seems like more and more companies are becoming tech company’s first and there core competency is second just due to the need to adapt as well as the hunger for growth. Dominos Pizza is another company that has started to really leverage technology and when you start to even look at streaming services like Netflix and apps like Goodreads we do not even understand how reliant we now are on technology.

It is interesting to see how Starbucks and other companies leverage technology, become data driven and scale their solutions.

Productivity Hub

They are a textbook example of how to strategically use data to stay competitive

Starbucks doesn’t simply sell huge numbers of hot and cold drinks around the world — it also gathers huge amounts of data from over 100 million transactions a week. How does it use this data? And what role do A.I. and the internet of things (IoT) play in this?

The way Starbucks uses data and modern technology for competitive advantage is instructive for all businesses, regardless of size. For example, it’s a pioneer in combining loyalty systems, payment cards, and mobile apps. But that just scratches the surface.

This article highlights five of the most interesting examples of how Starbucks uses data, A.I., and IoT for competitive advantage. They suggest there might be a compelling argument that Starbucks is no longer a coffee business, but is now a data technology company in the food and beverage…

View original post 1,596 more words

20 TOP TIPS FOR GREAT JOB INTERVIEWS

Recently I have gone through a couple interviews and definitely will say I was rusty. One I felt happy about with my performance and another not so much. Either way I stumbled on this post and really liked the 20 strategies mentioned. I also strive to continue to learn and this post was enlightening especially about scoring a success in the first 5 minutes. I also have found I have used the STAR method quite often in interviews to success and here it is as food for thought:

Situation: Describe the situation that you were in or the task that you needed to accomplish. You must describe a specific event or situation, not a generalized description of what you have done in the past. Be sure to give enough detail for the interviewer to understand. This situation can be from a previous job, from a volunteer experience, or any relevant event.

Task: What goal were you working toward?

Action: Describe the actions you took to address the situation with an appropriate amount of detail and keep the focus on YOU. What specific steps did you take and what was your particular contribution? Be careful that you don’t describe what the team or group did when talking about a
project, but what you actually did. Use the word “I,” not “we” when describing actions.

Result: Describe the outcome of your actions and don’t be shy about taking credit for your behavior. What happened? How did the event end? What did you accomplish? What did you learn? Make sure your answer contains multiple positive results.

YEG Job Coach - Get The Job You Want!

Want to ace your next interview and land that open job you’ve been seeking? Here are 20 tips to help you prepare.

  1. Research the industry and company.
    An interviewer may ask how you perceive his company’s position in its industry, who the firm’s competitors are, what its competitive advantages are, and how it should best go forward. For this reason, avoid trying to thoroughly research a dozen different industries. Focus your job search on just a few industries instead.
  2. Clarify your “selling points” and the reasons you want the job.
    Prepare to go into every interview with three to five key selling points in mind, such as what makes you the best candidate for the position. Have an example of each selling point prepared (“I have good communication skills. For example, I persuaded an entire group to …”). And be prepared to tell the interviewer why you want that job…

View original post 2,417 more words

WordPress.com.

Up ↑

%d bloggers like this: