By | Josh Bersin Principal and Founder Bersin by Deloitte Deloitte Consulting LLP
Predictions for 2017 Everything Is Becoming Digital
Earlier this year, we conducted a study with MIT (more than 1,000 business leaders responded) and we found two important things.
First, 90 percent of these companies believe their core business is threatened by new digital competitors that are challenging their products and services.
Second, 70 percent believe that they do not have the right leadership, skills, or operating models to adapt
Our Deloitte Human Capital Trends study , which surveyed more than 7,000 companies in 130 countries, found that 92 percent of companies believe that they are not organized correctly to succeed, while only 14 percent know what this “new organization” looks like. As we describe in that report, the world is moving from a top-down hierarchical model to one of a “network of teams” in which people are iterating and solving problems in a dynamic, agile way. This shift in structure, roles, and careers changes the way we lead, manage, reward, and move people throughout the company. It also pushes us to continuously learn—faster than ever.
In fact, one of the hallmarks of high-performing companies in today’s digital world is the ability to learn fast. Companies today should try new things (often through crowdsourcing or hackathons), rapidly deploy new products and services (through the MVP or minimally viable product approach), and quickly learn what fails and what works. This fast-moving, customer-centric way of doing business has shifted decision-making to the edges of the company, and involves a new way of thinking about management and HR.
The bottom line to all of our predictions for 2017 is this—technology has not only changed our lives, it has changed our organizations.
Let us now dive in to the 11 predictions we see.
Josh Bersin Principal and Founder Bersin by Deloitte Deloitte Consulting LLP … To access the Research Report click here…..