“Ladies and Gentlemen, you see my empty hat. Now, I will pull out two rabbits out of the empty hat,” a magician proclaims, and indeed pulls out two rabbits, “Abracadabra!” We all love magic, and we thoroughly enjoy the magic unleashed on us. Don’t we?
The last few months have been difficult to say the least. Across the globe, businesses suffered a severe setback – a fallout of the COVID-19 crisis. But every cloud has a silver lining. We saw some inspiring stories about how businesses have been adapting during these desperate times. From the simple example of fast-food sellers
Who should drive your digital transformation initiatives?
It’s your CDO! I had written about the role of CDOs last year. Today, there is a greater need for a CDO – not Chief Digital Officer, but Chief Data Officer (CDO) – the fast-emerging dominant member of the C-Suite. With COVID-19 disrupting businesses, the need for CDOs is more than ever.
“There are always two sides to every story. Understanding is a three-edged sword: Your side, their side and the truth in the middle.“
This paradoxical quote I read on a Michigan State University website recently.
Here is what I think: Every business has three sides — customers, technology and the truth in between
Last Sunday, while I was rummaging through my bookshelf, I chanced upon “The ONE Thing”, which had occupied my shelf space for years. I read this book some years ago. I could recollect some remarkable points authors made about the simple truth behind extraordinary results.
I pulled the book out and nudged myself for a quick read once again.
The current COVID crisis has put business systems and processes to the acid test!
Severely hit are those companies that didn’t embrace digital technologies when they had the opportunity. Some unfortunately folded up too quickly soon after the lockdown was announced.
How can I make my business immune to any disruption? This question has been dogging every executive globally ever since COVID-19 hit the business world early this year.
Undoubtedly, the current crisis has put business systems and processes to the acid test! Severely hit are those companies that didn’t embrace digital technologies when they had the opportunity
Do you think the next wave of business innovation will come from making your existing business processes faster?
I seriously doubt it. While I agree that it is important to make business processes efficient to spur innovation, speed alone cannot be the basis. A company’s ability to act quicker than the competition and respond to disruptive changes, be it COVID-19 or changing economic conditions, has a lot to do with it
What’s driving innovation in small and mid-sized businesses today?
In my recent interaction with business owners of small and mid-sized businesses, one thing has come out quite clearly: They are resilient than ever and innovation is high on their minds.
When businesses talk about innovation, they predominantly mean upgrading their technical capability or adding technology into their existing business processes.
“The quality of questions you ask determines the quality of your life.”
I read this out loud, as I casually browsed through Anthony Robbins’ all-time best seller ‘Awaken the Giant Within’, early Sunday morning. The quote hit me like a bolt.
Smelling the freshly brewed coffee in my hand, I began pondering over the phrase: quality of questions. It occurred to me that as most of our lives are driven on an auto-pilot mode, we seldom pause and reflect on the questions we ask ourselves.