It’s a new year and that time where our team is busy closing out financials, reviewing EOY metrics, ramping up new engagements, and looking forward to the year ahead. These are a few thoughts that are top of mind for Simlogi as we enter this new decade.
Transformation. What is it?
Merriam-Webster
defines transform as:
trans•form (transitive verb): to change in composition or structure
Some thoughts on how transformation happens in business.
- Must first establish a baseline of “where we are”.
- Must define the end game, the moonshot.
- Must define milestones that move us closer to the moonshot.
- Must have an execution plan that can be measured.
- Must revisit and revise along the way.
The question we’re asking business leaders this year:
What transformation do you want to see in your company this year?
Eleven things that struck me about the past decade (2010-2019):
- The rapid rise in mobile, commission-free, stock trading platforms. Of all the mockery that
Robinhood
received, not sure anyone is laughing now. - The sweeping number of software applications for business that flooded the marketplace.
- Both the willingness and unwillingness of companies to adopt new software applications into their operations.
- The lack of spreadsheet knowledge inside companies.
- How lean and customized software applications lift companies over real humps.
- The plethora of inefficiency that remains out there ready for someone to capitalize on.
- Fine tuning your customized information filter reaps great things.
- Learning as survival has finally reached a level of consciousness in the job market.
- Ideas are great. Skills win. Execution is hard.
- Frameworks that are built, tested and adapted are gold.
- We the people are surrendering privacy at an historically unprecedented rate.