Workforce Transformation
Workforce Transformation depends on Digital Business Agility, a meta-capability describing an organization’s capacity to understand and react to digital threats and opportunities. DBA has three main pillars: Hyperawareness, informed decision-making, and fast execution. These pillars are not technologies though, but technology-enabled capabilities. Moreover, while they can be understood as discrete, they actually form a complex, interacting foundation for the entire enterprise.
In respect of workforce transformation we can see them as follows:
Hyperawareness – surfacing employee insights, sensing what is going on throughout the enterprise, among competitors, and in the marketplace. For example, Humanyze, a workplace solutions provider, supplies ‘work-pattern sensing’ tools to capture work and communications data through ‘smart’ badges.
Informed decision-making applies data and analytics to empower the workforce resulting in better decisions at every level of the organization. Logistics company UPS, for example, uses a ‘ubiquitous analytics’ tool, which gives employees continuous, real-time access to analytics in and out of the office, while collaborative platforms like Ranktab support ‘collective decision-making’ in organizations through group polling.
Fast execution manages talent efficiently by responding rapidly to informed decisions. At Cisco ‘Team Space’ is an ‘Intelligent talent allocation’ platform which gathers information on employees with insights used to build the most effective team for a given task. And Glassbreakers, Jopwell, and WayUp provide ‘agile talent pipeline’ tools with focused marketplaces that give employers access to a diverse pool of talent.
Winning in the Digital Vortex is not just about algorithms, architectures or innovative business models, it requires organizational change and workforce transformation. And successful transformation is enabled by a company’s digital business agility, building on the fact that people are an organization’s most important asset.
Research Information & Knowledge Hub for additional information on IMD publications
In today’s fast-paced and ever-changing business environment, small and medium-sized enterprises (SMEs) face unique challenges. From navigating market volatility to managing limited resources, SMEs must find ways to build resilience within their t...
NTT Corporation, Japan’s information and communication technologies (ICT) leader since 1953, was the first to commercialize internet usage on mobile phones in the 1990s, which resulted in NTT achieving much success in Japan. However, by the end of...
Building on NTT (A), the case starts with NTT’s CEO having narrowed down strategic growth options with the board to prepare NTT for the future. Past international investments in AT&T Wireless and KPN to tap into foreign markets had resulted in bil...
Since becoming DBS Bank’s CEO in 2009, Piyush Gupta led its transformation to become a standard setter globally for digitalization and customer centricity in financial services. This transformation started with fixing the basics (2009-2014), in wh...
To stay ahead of competitors, DBS knew it needed to continue to innovate and improve customer centricity. To do so, it decided to move to a horizontal organizational structure, an approach it named Managing Through Journeys (MtJs). This involved b...
Building trust in family-owned companies involves overcoming challenges from overlapping family and business dynamics. Non-family employees often face a “glass ceiling” due to perceived favoritism and limited career growth. Strategies like transpa...
The UAE has been making waves recently in the technology world. A $1.5 billion deal between American tech giant Microsoft and Abu Dhabi’s AI champion, G42, is a bold move to boost the UAE’s technology clout, especially in artificial intelligence. ...
Foxconn, a Fortune Global 500 giant and the world's largest electronics manufacturer, made headlines in 2023 by announcing a shift to a five-day, eight-hour workweek in its Chinese factories - a significant departure from its long history of exten...
Your top talent should come from different disciplines with different experiences to more effectively analyze the strategic environment. Use the IPO model below to see how it can be done.
Purpose Using an institutional lens and drawing on the arguments of the external enabler perspective, this study aims to examine the role of digital technology adoption on the performance of microenterprises, with a focus on their level of formal...
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Building on NTT (A), the case starts with NTT’s CEO having narrowed down strategic growth options with the board to prepare NTT for the future. Past international investments in AT&T Wireless and KPN to tap into foreign markets had resulted in bil...
Research Information & Knowledge Hub for additional information on IMD publications
NTT Corporation, Japan’s information and communication technologies (ICT) leader since 1953, was the first to commercialize internet usage on mobile phones in the 1990s, which resulted in NTT achieving much success in Japan. However, by the end of...
Case reference: IMD-7-2633 ©2024
Research Information & Knowledge Hub for additional information on IMD publications
To stay ahead of competitors, DBS knew it needed to continue to innovate and improve customer centricity. To do so, it decided to move to a horizontal organizational structure, an approach it named Managing Through Journeys (MtJs). This involved b...
Case reference: IMD-7-2634 ©2024
Research Information & Knowledge Hub for additional information on IMD publications
Since becoming DBS Bank’s CEO in 2009, Piyush Gupta led its transformation to become a standard setter globally for digitalization and customer centricity in financial services. This transformation started with fixing the basics (2009-2014), in wh...
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
in International Journal of Sociology and Social Policy 19 November 2024, ePub before print, https://doi.org/10.1108/IJSSP-08-2024-0390
Research Information & Knowledge Hub for additional information on IMD publications