Showing posts with label McKinsey. Show all posts
Showing posts with label McKinsey. Show all posts

Saturday, 8 September 2018

Agile CIOs

The ever changing role of the CIO is often subject to much debate. Opnionons vary from the challenge of "why do we need a CIO?" to "CIOs should be driving our innovation and vision".

 A recent article by McKinsey - How to Become an Agile CIO - is a typical example. The authors,  Santiago Comella-Dorda, Quentin Jadoul and Swati Lohiya, set out 3 main aspects of An Agile CIO's role:


  • Architect / Technology Visionary

  • Driver of Knowledge and Talent

  • Problem Solver

Whilst they are obviously part of the role, I think that they do miss the point in a number of areas. The first is that the CIO should be taking the llead in helping build a positive business culture which avoids blame, encourages collaboration and focusses risk appetite around continuous innovation. This requires a good focus on the soft aspects of Employee Engagement, as well as some on providing supporting tools.

The second is on uniting the Senior Management Team and their teams in building common understanding of each other's problems and shared opportunities, as the basic pre-requisite for developing an Integrated Product Team approach, in which each IPT addresses the requirements, design and enhancement of End-to-End product processes (whether there are internal or customer facing products).

The third issue is being the corporate consience on balanced performance and investment; Businesses which operate as teams tend to be the best at developing and exploiting digital business models and sustaining a Digital As Usual ethos. This does require balanced investment and commitment of resources so that the orgnisation can not only address new business opportunities, but also improve exisiting products, maintain capability and protect itself (and its customers).

Tuesday, 30 January 2018

Digital Strategy Burps

McKinsey claims that many organisations are making serious mistakes with Digital Strategies.

Putting aside thos companies whose strategies are just a wish list of possible opportunities, McKinsey believes that typically there are 5 issues with enterprise Digital Transformation Strategies:

  1. Unclear definitions;
  2. Misunderstanding the changing economics that digital is driving;
  3. Overlooking eco-systems;
  4. Focusing on familiar competitive threats, rather than emerging ones;
  5. Failing to understand that it's not just existing business that needs to be digitised - and not discarded - but that new businesses need to be invented, too.
 Though they note that in some industries, digital is accentuating the gap between winners and losers, with small numbers of winners grabbing huge market share and squeezing out the losers, whilst they also change the nature of the market.

Though more pragmatically, at a recent Gartner conference four CIOs spoke about the practicalities and emphasised focusing customer and people outcomes and experiences, using demonstrators to illustrate cross fiunctional opportunities and experimentation to build new business opportunities. Here too there was a theme of building on the existing legacy capabilities to blend the existing with new opportunities.

Analysis by the Boston Consulting Group reinforces some more orthodox lessons:

  1. Harness the Power of Data
  2. Redefine Your Customer's Journey
  3. Build Digital Capability Through the Whole Organisation
  4. Transform Governance and Explore Collaborative Ways of Working
  5. Re-inforce Innovation Capabilities
 Broadly speaking this all fits with the DAF framework and principles contained within the Way of DAU.