WHY IT MATTERS: Digital Transformation
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WHY IT MATTERS: Digital Transformation
Going digital in your business? I select the best posts and highlight the reasons why it matters. Like it? Click "recommend" + register to get the digest in your inbox: http://fmcs.digital/newsletter-signup/
Curated by Farid Mheir
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How I Burned 10 Million Dollars So You Don’t Have To.

How I Burned 10 Million Dollars So You Don’t Have To. | WHY IT MATTERS: Digital Transformation | Scoop.it

How I Burned 10 Million Dollars So You Don’t Have To.
(An Education in Humility, Humanity, and Leadership).

In February, my startup (Twenty20) employed 35 people. We had a board-approved plan to scale to 85 by the end of the year. As of July, we were at 55, and well on our way. Now, four months later, our team size is 12.

Farid Mheir's insight:

WHY THIS IS IMPORTANT

I love those stories because they are real-life, pragmatic, and reflect the reality of startups. Should be true not only for startups but intrapreneurs and small groups that burst into life in larger organizations. Lesson to learn: don't grow until you know your business model. Also: self-service is good. Must read to give you confidence, hope and also scare you a little.

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The jobs of the future report stresses 2 two skills you need & human impacts to consider via @weforum

The jobs of the future report stresses 2 two skills you need & human impacts to consider via @weforum | WHY IT MATTERS: Digital Transformation | Scoop.it

Maths ability will get you furthest, says Harvard's Davis Deming. As long as you've got the social skills to go with it.

Could a robot do your job? Millions of people who didn’t see automation coming will soon find out the painful way. The answer is a resounding yes. The World Economic Forum’s Future of Jobs study predicts that 5 million jobs will be lost before 2020 as artificial intelligence, robotics, nanotechnology and other socio-economic factors replace the need for human workers.

Farid Mheir's insight:

One important stat from The Future of Jobs report is that the top trend that will drive change in work is new technology and innovation.

 

WHY THIS IS IMPORTANT

All jobs will be affected by technology and thus every good digital transformation should include the human disruption and its impact on current and future employees. Too often, we implement digital change and fail to consider people impact.

Look at UBER taxis: their model is to plow ahead and disrupt the market but they have failed to accompany the taxi drivers that are impacted. Because of it they are facing huge head winds from governments and established corporations.

On the other hand, Teo Taxi (Montreal-based) has recognized the people impact and embraced human transformation of the cab drivers which results in much better relationships and less confrontation. Same technology, same process, different human approach.

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Gonzalo Moreno's curator insight, December 9, 2016 5:06 AM
TASK Management vs. PEOPLE Management, a superclassic...
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A #startup expriment in #transparency shares reasons, financial details and nextsteps when laying off 10 people

A #startup expriment in #transparency shares reasons, financial details and nextsteps when laying off 10 people | WHY IT MATTERS: Digital Transformation | Scoop.it
Some tough news: Buffer has made 10 layoffs, 11% of the team. We want to share openly how we got here, the financial details and how we’re moving forward.
Farid Mheir's insight:

A great read on how digital economy startups are doing things differently by sharing everything from revenues to salaries to how they are hiring and firing people. A great source of inspiration for anyone that ever had a startup and needed to take tough decisions.

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Warby Parker gets better results by reducing managers’ control over workers

Warby Parker gets better results by reducing managers’ control over workers | WHY IT MATTERS: Digital Transformation | Scoop.it

The problem Warby Parker faced was not unusual nor particularly complicated: How could the trendy eyewear company make better use of its computer programmers’ time? To solve that mundane quandary, the company could have hired an outside consultant, or reorganized its engineering department. Instead, Warby Parker did something radical: It let its employees decide.

Farid Mheir's insight:

The article describes the process and its benefits to the company and its employees.

 

WHY THIS IS IMPORTANT

Digital transformation let's companies change the way they have been doing things for years. This Warby Parker experiment is one example and there are many others in the startup and small business areas. However, large organizations have remained more traditional: why not consider your department or business unit as a small business or startup and start experimenting with ideas like this one or others?

 

Get inspiration in the following posts: 

- Buffer's transparency dashboard: Public salaries, equity and more: http://sco.lt/7sEunJ 

- How Google Sets Goals: Inside Buffer's Experiment with OKRs: http://sco.lt/85GzCr 

 

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Curated by Farid Mheir
Digital technology consultant. Register to my free email newsletter: http://fmcs.digital/newsletter-signup/