Since the COVID crisis leaders have had to suddenly shift focus from the typical 3-5 year strategy to making decisions critical for the day, the week or at best, the upcoming quarter. Rapidly pivoting to new priorities and understanding what can be done now to solve immediate impediments to work are the new normal for executives. Their need to be more responsive has led to rapid acceleration of digital transformation plans and business agility.
The current times could be seen as the first real test of the digital-first business mantra. While some have been slow to move, COVID has forced a major rethink on how quickly to proceed out of necessity for business survival.
Business Agility and Innovation
I’ve seen amazing examples first hand of innovation and agility helping organisations meet new customer needs, new challenges, re-assessing and re-imagining new services, and ways to meet customer needs and stakeholder expectations. Problems and services that weren’t even on the product development road-map have been rapidly elevated to the top of the list, not through knee-jerk reactions to a disruptive environment but through consideration of the risk and cost of delay in waiting or doing nothing. One of my colleagues has been working with a health professional team on modernising their business. While they had a long term digital strategy to move to telehealth and virtual patient care. Once a national health lock-down was announced, they had to quickly pivot and digitise their normal face-to-face patient care. The executive sped up the plan and the facility was up and running with virtual telehealth options for patient appointments via video conferencing within 48 hours. The rapid pivot to these new services focused on impact, not on traditional “deliverables”, or defining requirements and implementing tools. Maintaining continuity of care, rapid clinical decision making, and ability to assess, reinvent and action were their new metrics.Agile Teams Pivot Faster
During the current crisis, as an agile coach, I’ve been working with leaders who have had to rapidly look for better, faster ways of engaging and meeting emerging customer needs and expectations. Large scale product pivots to new services has meant a renewed focus in finding smarter ways of finding solutions and stronger executive support for innovation. We have actually found our agile teams actively looking for new ways to solve problems as well as rapidly moving to using new mediums to communicate internally with people and teams as well as clients. One of my Agile teams is running a hackathon this week asking for teams to come up with bright technological ideas for virtual solutions to internal staff issues. The buzz and motivation that this is giving those agile teams is great as they feel they a renewed sense of purpose and are solving a problem together that may actually make a big difference. These same teams are also working on new services that will bring much needed financial assistance to their clients. Team’s ability to innovate is a vital key success metric for executives, especially in today’s time of crisis. To fuel, foster and reward this innovation going forward, and continually re-evaluate our ability to innovate, executives should be asking:- What prevents us from delivering new value?
- What prevents customers, users and stakeholders from benefiting from that innovation?
Urgency
There are still many organisations operating using 20th century practices that have been reluctant to let go and evolve. Their traditional planning models can’t adapt to the current pace of highly disruptive change. You can’t deliver to market faster if you don’t change the way you work. For organisations to survive and work through to the other side of a global pandemic, executives have to focus on what can be done to improve their time to market, and create operating models designed for rapid decision making.- What rules should be put in place to support decisions to be made where the knowledge is
- How fast can teams learn from new information and adapt?
- How fast can the organisation learn from new experiments
- How fast can the program deliver new value to customers?