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The VUCA — Volatile, Uncertain, Complex, Ambiguous — world we live in has become an all-pervasive mega-trend, dramatically changing the lives of individuals, business models of enterprises, and the Indian economy. It requires unlearning the old rules and learning the new or losing unrecoverable ground, says Nitin Seth, an accomplished industry leader with a unique combination of experiences as a global manager, entrepreneur, and management consultant, who has distilled his experiences into a framework of seven building blocks necessary for successful digital transformation.
Most enterprises have embarked on some variation of digital transformation but their impact often falls short of expectations by 70 percent as “the core issue is that enterprises have not recognized how many business fundamentals have changed in the Digital Age and continue to take their existing business models, infrastructure, and approaches and apply it to digital age problems and opportunities”, Seth writes in the seminal book, “Winning in the Digital Age” (Penguin Enterprise).
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“It is clear if you apply old world formulas to new world situations, your outcomes can only be sub-optimal,” maintains Seth, who held top management positions with McKinsey (two spells), Fidelity, and Flipkart before founding Incedo Inc., a high-growth technology services firm focused on Digital Transformation and Analytics.
“Incremental thinking no longer works, If you don’t think differently, someone else will cannibalize your business or your skillset. Therefore, we all need a new mindset and set of principles to succeed in this digitally disrupted world or risk losing ground,” Seth adds.
This means coping with an “unprecedented velocity of change” that includes technology disruption, changing expectations of customers who are digitally savvy and demand high-quality experiences and solutions, an explosion of data from multiple touchpoints, geopolitical uncertainty, and shortening business and product cycles. Thus, what is required are drastic changes in the educational system to prepare the generation to enter the job market and reskilling those already in the workforce.
“For learning and development overall, I believe there are four key shifts that need to occur as a result of the power of Digital Technology.
“First, a shift from one-size-fits-all learning, to a high degree of personalization.
“Second, there has to be a shift from standard predetermined push-based learning sessions to bite-sized, self-directed learning lessons.
“Third, learning needs to move from a classroom style to be multi-dimensional and channel-agnostic, which involves innovative approaches so that digital natives are engaged.
“Fourth, a move from hard skills focus to a soft skills focus. Shifting learning and development in these four ways will ensure more individuals are prepared for 21st-century jobs which will require lifetime learning skills,” Seth explained.
What then, are his seven mantras?
* New Rules of Business at three different levels: the general level of the VUCA world, the digital transformation level, and the level of specific technical elements of digital.
* Industry Maturity Curves: The protracted work-from-home situation resulting from the Covid-19 pandemic has given a significant boost to digital penetration in every industry we are operating in.
* Digital Technologies: These are not independent but interconnected; enterprises realize transformative value when these digital technological building blocks are connected end-to-end. Data is the fulcrum of digital. It can trigger a virtuous cycle; equally, data challenges can quickly escalate into a vicious cycle.
* Global Delivery Model: Every enterprise in the digital age has to be a global enterprise. Enterprises can develop this global footprint either by partnering with service companies or by establishing their own dedicated technology operational centers. A Global Delivery Centre covers both these entities.
* Organisational Transformation: This is probably the most important enabler of digital transformation. In addition to culture, there are at least seven organizational capabilities that are key to sustained success in the digital age ï¿½ proprietary knowledge building and sharing, innovation, agility, learning, diversity, change management, and enabling functions like HR and finance.
* Entrepreneurial Leadership: In an era of unprecedented uncertainty and change, traditional tools of management like structure, strategy, planning, and policies do not just lose effectiveness, but can also become a roadblock. Instead, you need vision, inspiration, intuition, collaboration, and the ability to constantly adapt. ï¿½Managers to Leaders’ has become an absolute imperative in the digital age.
* Next Generation Talent: Prior experience and successful track records are less relevant than before because you need to unlearn the old and learn the new rules of the game. Prominent among the requirements are continuous learning, creativity and innovation, tech DNA, agility, management of duality, and spiritual and ethical balance.
“My advice for young professionals is that digital is a great equalizer, it presents discontinuous opportunities for them. There are vast opportunities for young professionals and this should liberate them to explore, find and live the unique purpose of their own lives. They should consider being an entrepreneur since digital disruption is creating a host of new business opportunities and risks are relatively low with high returns. Finally, they need to build strong problem-solving and decision-making skills.
“The VUCA world we are living in is characterized by high volatility and complexity. So, problem-solving and effective decision-making skills have become more important than ever before. These are foundational skills that every young professional should build in the digital age, irrespective of his or her choice of career,” Seth explained.
Finally, 21st-century leadership more than ever is about managing duality. “The Digital Age poses many contradictions that leaders need to respond to – vision/strategy versus execution, growth versus profitability, short-term versus long-term, customer versus employees, data versus intuition, man versus machine, and many more. It is not enough to find the trade-offs on these complementary values, but leaders need to find win-win solutions. This increased need to manage duality is an important expectation of leaders in the Digital Age,” he maintained.
What next? What’s his next project?
“I am now writing my next book on Spirituality and Leadership that is a necessity to win in the Digital Age. With so much chaos and disconnectedness in this Digital Age, being centered and connected with the inner-self is crucial to realizing purpose. Finding the balance between Spirituality and Materialism is an often ignored key to succeed and must be found by each one of us,” Seth concluded. (IANS/SP)
By N. Lothungbeni Humtsoe
Life was moving at a fast pace for most of us and then the pandemic hit. The pace definitely slowed down and gave us an opportunity to look back at our lifestyle, routine and our most cherished old memories. 'Looking back' through your old photos on a phone versus flipping through a glossy photo album and reliving each memory? Getting teary eyed at some, and straight up howling with laughter at some others.
Today, advancement in technologies has opened up an ocean of possibilities. So how does one hold on these closest moments and memories in a thoroughly tangible way? Sachin Kataria, CEO, Zoomin shares all the minute details to make festive season personal.
Moving from gifts to personal stories: Gifts are no longer just confined to material items of a certain 'price tag'. Gifting someone is now seen as a chance to create a unique experience and splash of emotions that the receiver can enjoy for years to come. It's a fact that preserving memories is now a lot easier with delivery partners that can convert digital memories into actual personalised frames, albums and a host of memorabilia. And this makes it so much easier and quicker for you to hold meaningful memories close to your heart.
Gifts are no longer just confined to material items of a certain 'price tag'. | Photo by freestocks on Unsplash
Reframing moments of joy: It isn't always possible to create a photo album or a photo frame of all your special moments or even gift them all the time. This is where new age personalized gifting platforms are a boon. It is now possible to add a touch of personalization to any gift item making it that much more special and meaningful for both the giver and the receiver. One can choose from functional items such as coffee mugs or calendars to more stylized gifts like Canvas Prints and Photo décor and add a favorite memory to make the gift item personal and more valuable.
It isn't always possible to create a photo album or a photo frame of all your special moments or even gift them all the time. | Photo by Rirri on Unsplash
Festive season Fun: Why just adorn your house with lights and flowers? Add a touch of 'YOU' to plain walls and table tops and make them more intimate during special occasions. Some simple Photoprints and colorful, wall-safe washi tapes or magnetic ropes can add a touch of style without leaving any pin marks.
Why just adorn your house with lights and flowers? | Photo by Raj Rana on Unsplash
New-age apps offer products that are both affordable and of excellent quality - could there be a better deal than this? With the 2022 calendar and planner season around the corner, one can experiment and customize some cool calendars for friends, family, colleagues, business contacts etc. These will last on someone's wall (or table) for a few years. What's more, your gift will be more than just another product... it will be a canvas upon which a beautiful story unfolds! (IANS/ MBI)
(Keywords: flowers, photo album, personal, festive season, life, pandemic)
Boredom seems to be an unavoidable aspect of existence. Sure, you can pass the time on social media sites like Instagram, Facebook, and Twitter when you’re bored but you can only browse for so long before things become monotonous and uninteresting. The internet has revolutionized the world in various ways, be it politics, shopping, or journalism, to name a few. It has also completely redefined how individuals spend their time.
If there is ever a point when the internet is the most beneficial, it’s for curing boredom. Internet is vast and has dozens of websites that may be used to break the monotony.
The internet is vast and has dozens of websites that may be used to break the monotony. | Photo by John Schnobrich on Unsplash
Take a look at these entertaining time-killing websites and put an end to boredom! Here’s the ultimate list of entertaining websites, ranging from intriguing, amusing, and unexpected time-wasters to strange websites to visit while bored.
#1 Find the Invisible Cow: Make sure to keep your volume high for this fun game. Hover your cursor over the screen as you hear the sounds changing their intensity. Keep searching for the cow and click when you think it’s there!
Keep searching for the cow and click when you think it’s there! | Scriptist
#2 Hacker Typer: Do you want to feel like one of those awesome hackers from a Bollywood film? Simply go to this website and smash the keys! As you pretend to be a spy hacking into some vital mainframe, this will thrill and entertain you.
Simply go to this website and smash the keys! | HackerTyper
#3 Wayback Machine: Take a look at some of your favourite websites before they were completely revamped with the help of this website. You only need to enter a URL and select a date. The Wayback Machine will then display a picture of the website from the specific day you’ve chosen.
Take a look at some of your favourite websites before they were completely revamped with the help of this website. | WaybackMachine
#4 The Useless Web: You go to this website, click a large button, and then get sent to a random website on the internet. You may be given a simple game to play, a rain of corn dogs, an endless horse, or you may witness a guy being smacked with an eel.
You go to this website, click a large button, and then get sent to a random website on the internet. | Tim Holma
#5 Pointer Pointer: To begin, move your cursor across the desktop, then wait 3 seconds for a picture of someone, object, or a group of people to emerge on your screen, pointing right at your cursor.
Move your cursor across the desktop and wait for a picture of someone, object, or a group of someone’s to emerge on your screen, pointing right at your cursor. | Pointer Pointer
So there you have it, five websites to cure your boredom from the depths of the internet.
(Keywords: Pointer Pointer, The Useless Web, Hacker Typer, Hacker Typer, Find the Invisible Cow, internet, Facebook, Twitter, Instagram, social media, Boredom, Websites)