Tag Archives: growth strategies

5S Tech Strategy

Giving some break to my Tech Hacks writing and getting back to strategy again ( it is about switching gears all the time !) .

I have been working through the years on many initiatives and they have varied in scale as well complexity but there are common pieces to the over-all strategy that are very critical for making Technology work towards delivering Growth.

I have put the tenants through a visual that will help connect the dots along side definitions which will help build the context. Let us go over the definitions one by one:

Technology

In today’s world this is bedrock for any industry and/or strategy. Be it pure play tech idea or tech enabled , the word tech seems to glue itself with firm roots into the foundation of any business model

Potential

Potential needs to exhibited by using technology has grounding principle. Unless we architect and design products , services and/or solutions in a manner that they can demonstrate potential value , the Technology lever does not effectively come into play.

Engagement

Producing endlessly products , services and/or solutions is not a great idea and hence engagement with potential users is of great value. The earlier they get integrated into feedback cycle the faster you are able to generate feedback to either go ahead or trash the concept. Sometimes , the potential users may get confused with the value proposition but showing persistence in providing answers to their relevant problems via engagement helps to solidify over a period of time the connect with the potential.

Growth

Without Growth there is nothing that can be achieved. The subtle difference between output and outcome lies in how well are you doing on your growth hypothesis. Engagement provides for evaluation of potential , Growth makes it real!

Scale

For growth to operate at stable levels and maintain a steady ship , it requires Scale which has to be provided by Technology. The Scale is driven by

  • Infrastructure
  • Inversion of Control(IOC)
  • Separation of Concerns(SOC)

Leave enough on table to help drive growth to next level without creating bottleneck.

With above explanations lets look at the 5S on how it connects the dots between these elements and create a feedback loop that can help drive right objectives for the Technology Strategy.

  • Technology needs to Show Potential
  • Potential needs to Steer Engagement
  • Engagement Shapes Growth
  • Technology Supports Scale
  • Scale Sustains Growth

Obvious Benefits For Teams

  • The connected 5S strategy becomes very self-explanatory in defining how we have to rally our teams to focus on creating value from the technology
  • The teams can be given clear goals that are aimed at working towards a more coherent strategy
  • Create iterable development model that can operate with constant feedback loops
  • From business or customer standpoint , the value drivers are clear on how potential can be monetized

I hope these insights are useful for the next big what you might be planning and as always for any feedback , questions or comments please leave it on the post!

Power of Letting Go & Leadership

Through second half of 2019 , I experienced lot of open ends around me. It was related to everything from not feeling well , to meeting deadlines & managing expectations. I had started to miss my runs and schedule. I was beginning to stress over all & how things were going to unfold.

Realization : It was time to retrospect!

I am still in early phases of this , but I wanted to share one of the dimensions that I am trying to put in place related to power in letting go ! I realized that balancing aspiration , controlling all tiny details and continuously structuring was leading to what I call over-indexing!  From what I have read and observed , continuity can only be maintained if we focus on what we are doing and when our part is done then shift it into background and / or move on to something else.

ankush-minda-VcD5OD2jDGA-unsplash

Photo by Ankush Minda on Unsplash

As leaders you might be thinking about tomorrow or yesterday as it pertains to the topic at hand but as you do so , keep following things in mind:

Having a Clear Goal

Be clear of the goal you are trying to reach and differentiate between what “snaps-you” versus what is the actual “pain”. Having that in mind allows one to goo little deep in defining goals and objectives that are more sustainable and avoids us to slip in chaos. This way you may be able to iterate for longer duration.

If this is not the case it will lead to many starts & stops thus creating higher involvement towards delivering purpose.

Operating Boundaries

For you as a leader to operate with more bandwidth given multi-tasking is necessary evil , setting operating boundaries and see that the network effect takes care to connect you to the goals with others around you. We talk about connected world but then suffer to operate with our personal baselines in attempt to move faster. Establish accountability & coach people to exercise their judgement.

Do not benchmark everything centered around yourself as leader. You will never be able to let go if that remains the case. 

Informal & short-run feedback

Improve your ability to give feedback to your network so that it improves its efficiency to collaborate & deliver results. Over sustained period of time feedback loops activate creativity at problem solving and thus aid towards a broader balancing act in the system.

As a person , you need to trust the network or else you would not get into cadence of letting go.

Coach To Lead

If by any stretch one deems himself to be in leadership position , the onus to find and groom people to lead is very pertinent. This is not very easy and will not come fast. It is time taking & involving exercise. If the network around you has to respond to future then we need more from within to lead and carry the weight.

It is matter of time , when you as a leader will start feeling the pain of not having focused on this , thus creating a pull back effect – an impediment towards our desire to let go.

Hope this helps current and future leaders to create a healthy balance that helps to practice the power of letting go . I am personally trying to put these in action as I realize life is a marathon and not 100-meters dash!