Posted by Mike Rollings
When I was young GI Joe was popular. I had the regular Joe. Then came the GI Joe with the Kung Fu Grip – “The hands that grip with the Kung Fu Grip”. He could hold on to anything with those hands and would never let go. It was apparent that holding on and never letting go (till you wanted to) was the value message. We didn’t pay attention to the letting go part.
Today, the message about the economy is that we are in a time of economic transformation. Need additional convincing? This week’s article by Ian Davis “The New Normal” in The McKinsey Quarterly states:
“It is increasingly clear that the current downturn is fundamentally different from recessions of recent decades. We are experiencing not merely another turn of the business cycle, but a restructuring of the economic order.”
“This much is certain: when we finally enter into the post-crisis period, the business and economic context will not have returned to its pre-crisis state. Executives preparing their organizations to succeed in the new normal must focus on what has changed and what remains basically the same for their customers, companies, and industries. The result will be an environment that, while different from the past, is no less rich in possibilities for those who are prepared.”
It’s time prepare by letting go of your inner GI Joe!
To cause a transformation the organization needs to release the death grip on what you think is important based on assumptions about the past. Stagnation - the lack of innovation and agility - happens when you become married to the irrelevant.
The search for cost reductions will certainly lead IT to the application portfolio and redundant technologies. To cause dramatic changes in a bloated application portfolio it require the business to let go of specialized processes, aspects of processes or entire business functions that no longer serve their original purpose. The search for better decision and insights will lead us to our information quagmires.
Transformation does not mean throwing everything out and starting over. However, it does call for a metamorphosis – a dramatic change. Yet, for IT to tackle dramatic reductions that are intimately bound to the business, we need to radically change the conversation that has been occurring between IT and the business. The economy provides a unifying call to action for everyone that (hopefully) only comes once in a lifetime. If your organization is struggling with “near-term survival” or is “peering through the fog of uncertainty, thinking about how to position themselves once the crisis has passed”, don’t miss out on this opportunity.
Transformation – not just IT Transformation – certainly applies to you.