Lecture 16 Flashcards
Can you mention the to-do-list for embarking on digital transformation?
- Choose metrics that inspire people
- Assess your building blocks
- Establish ownerships for each building block
- Communicate your vision and your journey
- Commit for the long haul
Can you explain:
The “function” of manufacturing vs. the “capability” of agile manufacturing?
Every product form must manufacture their products.
The capability is not manufacturing but rather the way in which the company achieve advantages from the product.
Agile manufacturing is an example of differentiation.
o The capability gives the company the ability to react to market dynamics more quickly.
Can you mention and explain the two different types of capabilities when it comes to transforming current capabilities?
Elevated capabilities
- Those that need to be scaled
Converted capabilities
- Those that need to be repositioned and reperformed
Why is capabilities so important when transforming your business to become digital?
Capabilities are important because these set the lines for how you compete today and how you will be competing in the future.
The current capabilities should be revisited in order to make sure that they fit the new strategy of becoming digital.
The capabilities that the organization set up should enable differentiation.
What is goal ambiguity
Goal ambigity occurs when leaders are not good enough at communicating to the employees how their individual goals will change as a result of the shift in corporate goals.
Most of transformation efforts fail because of goal ambiguity.
How do you deal with goal ambiguity?
You can either cascade the changes in goals throughout the entire organization to ensure all employees are up to date on how their daily activities will and won’t change.
The employees need to know some of the goals will be new, while others will be fully deleted because they are not longer relevant.
What are two powerful resources that leaders hold to create change?
Time and money
If leaders continue to dedicate 100% of their money to projects suited for the old product or service, then the nobody in the organization will take your call to action seriously.
If the leader and other top leadership keep devoting time in public and internal speeches to the plan for transformation, the transformation effort will quickly feel trustworthy to the employees. Good leaders invest the time.
It is about being brave enough to speak and act differently.
What does it mean that transformation is a full-time team sport?
Transforming involves many different people however clarity around who is leading the change is critical. Transformation need clarity in purpose, approach and in the team that is taking charge and leading the way.
A cross-functional team is preferred rather than committees, because cross-functional teams can form a connected committee.
