The simple idea of selling a product or a service for a
price to make a profit is still the underpinning of most organizations. Still,
it's gotten more sophisticated and intertwined than even five years ago. Many organizations
participate in broader contexts like value and supply chains while dealing with
dynamic change and emerging scenarios are driven by geopolitical or environmental
trends/events. For continued organizational health, organizations will need to
understand the journeys that exist and interact in their footprint of impact,
learn the levers that can adapt their jungle to changing and in some cases,
practice the response to the emergent conditions of "NOW." Listed
below are the typical journeys that organizations need to participate in or
manage in no particular order of importance:
Customer Journeys
The journey that a customer takes is a crucial journey to
manage as it defines your organization's contribution to that journey that
leaves an indelible memory of good or bad for all steps involved. It is
essential to understand the customer's real journey, not just where a customer
might touch your organization. Getting customers to be attracted and stay loyal
to your organization depends significantly on your understanding of their real
journey, not just the optimization or automation inside of your organization
for cost savings.
Work Journeys
Work arrives, gets assigned and moves through your
organization, and is the key for cost and timing outcomes. Understanding where
work gets stuck, deep in the innards of your organization, is essential for
cost optimization and customer satisfaction improvements. It could be a
competency skill deficiency, a data deficiency, an overburdened shared
resource, or just a situation never contemplated for in the work design. These
are some of the thickest vines in the jungle.
Employee Journeys
Employees are some of the most critical and expensive
resources an organization manages. Making sure their time is optimized and used
correctly is crucial for resource leverage with optimization reasons. Concurrent
with employee participation with various journeys, they must be augmented and
have enhanced/expanded skills. Assistance may occur through bot augmentation or
knowledge turbocharging, but investment in employees is the often forgotten
sub-journey. Lack of investment in employees is an easy way to lose in the long
term.
Product/Service
Journeys
Every product or service must be designed with the greatest
of care and the best knowledge/ skills available. The journey from design to
production should be planned, managed, built, and tested with the greatest of
attention as they are often the competitive differentiator along with the
customer journey and experience. Organizations tend to be very good at these
kinds of journeys except when they become out of touch with trends or their
customers, partners, and employees.
Infrastructure
Journeys
Organizations have to build and establish the infrastructure
necessary to support the business. Service software has to run somewhere and
needs to be built/maintained and supported by infrastructural software. These
are part of the infrastructure that must be carefully and made promptly and
retired if necessary as time progresses. The support will need to be built,
maintained, or outsourced to other organizations if it is a product. Managing
the portfolio of infrastructure during the building and maintenance periods are
journeys to manage.
Capital/Funds
Journeys
Organizations are usually very concerned with money, how it
is raised, how it's used, and what becomes of excesses or losses. While these
journeys are better established and repeatable, they often try to dictate the
level of investment in the other journeys. Visionary management will satisfy
short term results expectations along with building for the future, thus fund
incrementally in various journeys. Having a proper governance journey or two is
essential for the investors.
Community Journeys
All organizations participating in physical and logical
communities that can affect them positively or negatively, the reputation and
the operation of an organization. As organizations join in legal frameworks,
the best are necessary to plan and execute the journeys that fit those
contexts. The results will affect the kind of outside direct or indirect
governance for organizations and may set the policies or rules for other
remarkable journeys or processes.
Net: Net:
Each journey must be thought through and managed
collectively and individually. Traditionally only portions of individual
journeys participated in digital optimization or automation. For organizations
to thrive, these journeys need to be served digitally from one end to another. The interaction between these journeys will show where organizational friction will occur over time. Also, the interaction within these journeys must be orchestrated in the context
of continuous foresight with emerging expected and unexpected scenarios.
The good news is that new digital business platforms(DBPs)
are emerging to integrate digital functions to service journeys better. Some
will help with process fabrics; others will manage the intelligence well for better decisions, or reaction/guidance; some will manage data integration, and still, others will
work at the edge to manage emergence.
Very informative article
ReplyDeleteThanks. I hope it helped you in a current situation or project.
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