Business @ Digital Age
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Business @ Digital Age
Agenda
How to Transact your Business with IT.
How to Transform your Business.
How to Stay Ahead in Competition.
The Changing Business Land Scape
• Web life style
• Electricity as an example
• We need cutting edge weapons to win the war
• Our readiness for Digital Infrastructure
Information – a lifeline of business
Every business is Information Business How it changed GM Middle managers need as much business data as
senior executives. Meeting for Status Updates - a sign of poor
information flow.
Is it really hard to get Information?
• The Old Habit.
• Change Sales Manager to Business Manager
• Right Info to Right Person can change company dramatically.
• Integrate your partners.
• Improve Process Breakthrough.
• Start with all input. Look for form intensive area & replace with Digital Form.
Add VALUE to your Operation
Remove all Duplicate and Redundant operation. Use People to add value to transaction. Value = Benefit/ Cost An example: Changing the Role of Sales Team. Those who can't add value with perish.
How to be FIRST in market?
• Customers want high quality product at low price and they want it immediate.
• Insight from Automobile Industry.
• How we are doing this with our Existing Customers.
A number on a piece of Paper is a Dead End. A number in Digital Form is the start of
Meaningful Thought and Action.
Manage by EXCEPTION
• One of the major function of the CEO is to look for bad signals and encourage the organizations to respond to it.
• You must know which account you couldn't win & which customer you lost.
• These signals tell where you need improvement.
Trade with INFORMATION
• We trade Information for Inventory.
• We trade Information for Risk.
• We take bold decision based on Data.
• Every strategy or concept is collection and communication of Plan, Execution and Analysis.
Shift your people to thinking work.
• Now you can make smart use of peoples time.
• Data mining, slicing and dicing.
• Use human creativity and skill to improve their job better.
Knowledge Management
• Knowledge management start with business objective and process and a recognition of need to share information.
• Knowledge management is a mean to build your corporate I.Q.
• You need high Corporate I.Q. to succeed.
• Use this corporate IQ in various are like starting a new project, developing a product,
How to get more?
Empower your people– Use portable device to empower your people.
– Re-Engineer your organization
– A good process will eliminate the wasted time. Technology will speed up the remaining real work.
– Step back periodically to take hard look at your process.
Transform your Business Strategy
• Business Strategy in Digital Age
• Treat IT as Strategic Resource
• Learn about IT
• Bring IT under management deliberation & strategizing
“How you gather, manage and use information will determine whether you
win or lose.”
Bill Gates
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