Paro’s Post

THE NEW ORGANISATION STRUCTURE PARADIGM: FROM FUNCTIONAL SILOS TO CROSS-FUNCTIONAL: ◾ Imagine a company without the typical corporate functions: Finance & Accounting, Supply Chain, IT, and HR.  ◾ The organizational structure is instead a combination of high-performing cross-functional teams focused on business outcomes and organized around end-to-end processes (e.g., Order to Cash).  ◾ These teams are supported by centralized hubs (COEs) that provide spoke resources and tools needed to be more efficient and effective. ◾ This progression won’t be easy for most organizations. But it’s necessary, and it’s the future. 🔳 Adaptable Structures Are a Necessity in an Increasingly Complex World: ◾ The world is changing rapidly – it’s faster, more connected, and more complicated. Customers have more power and more access to information. One viral tweet can upend an entire company’s reputation.   ◾ Companies must be able to adapt quickly to meet the needs of employees, customers, and investors. Adaptability requires an empowered organization in which decisions are made at lower levels – where the information and knowledge sit. 🔳 Rethinking Corporate Function Structures: Organizing Around End-to-End Teams ◾ Many companies have a connected, end-to-end mindset with corporate processes and technology.  ◾ However, most organizational structures still haven’t evolved from traditional functional and matrix structures. The resulting silos limit the ability to adapt quickly in a crisis. 

Building on our exploration of title company inefficiencies, Part 2 of this series dives into strategic solutions. Discover how technology, change management, and data-driven insights can transform your operations and elevate your business.  https://lnkd.in/ebnXDiNr

The #businessworld is a dynamic #ecosystem, and managing it effectively can transform challenges into opportunities. Here are #five #keyreasons why #changemanagement is crucial for your #businesssuccess: 𝟏. 𝐂𝐡𝐚𝐧𝐠𝐞 𝐢𝐬 𝐢𝐧𝐞𝐯𝐢𝐭𝐚𝐛𝐥𝐞. Change is not a question of if, but when and how much. In the fast-paced business world, being prepared for change is crucial to maintaining a sustainable business model. 𝟐. 𝐈𝐭 𝐢𝐦𝐩𝐫𝐨𝐯𝐞𝐬 𝐲𝐨𝐮𝐫 𝐜𝐨𝐦𝐩𝐚𝐧𝐲'𝐬 𝐜𝐮𝐥𝐭𝐮𝐫𝐞. Effective change management fosters a positive company culture. When changes are communicated and managed well, employees feel valued and understood. 𝟑. 𝐈𝐭 𝐡𝐞𝐥𝐩𝐬 𝐲𝐨𝐮 𝐢𝐦𝐩𝐫𝐨𝐯𝐞 𝐚𝐧𝐝 𝐨𝐩𝐭𝐢𝐦𝐢𝐳𝐞 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐩𝐫𝐨𝐜𝐞𝐬𝐬𝐞𝐬. With a systematic evaluation and adjustment of workflows, companies can eliminate inefficiencies, streamline operations, and enhance productivity. This continuous improvement approach ensures that the organization remains agile and responsive to market demands. 𝟒. 𝐈𝐭 𝐡𝐞𝐥𝐩𝐬 𝐦𝐢𝐭𝐢𝐠𝐚𝐭𝐞 𝐫𝐞𝐬𝐨𝐮𝐫𝐜𝐞-𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐫𝐢𝐬𝐤𝐬. By planning and allocating resources effectively, businesses can avoid disruptions, manage budgets more efficiently, and ensure that projects are completed on time and within scope. 𝟓. 𝐈𝐭 𝐚𝐥𝐢𝐠𝐧𝐬 𝐲𝐨𝐮𝐫 𝐭𝐞𝐚𝐦 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐜𝐨𝐦𝐩𝐚𝐧𝐲'𝐬 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐠𝐨𝐚𝐥𝐬. When employees understand the reasons behind changes and how they contribute to the overall vision, they are more likely to support and actively participate in the change process. At #Flipcarbon, we understand the #complexities of #changemanagement and are here to support you every step of the way. Our expert team is dedicated to helping you navigate change smoothly, ensuring that your #companyculture thrives, processes are optimized, risks are mitigated, and your team is aligned with your strategic goals. Let Flipcarbon be your #partner in #transforming change into a positive force for your business. Flipcarbon: Virtual CFO, Financial Consulting & Accounting Services Flipcarbon: Transforming Industries with Manufacturing, Supply Chain & Logistics Solutions Flipcarbon Capability Transformation #changemanagement #changeleadership #culturechange #managementconsuting #people #performanceimprovement #flipcarbonite #ChangeStrategy #LeadingChange #ChangeChampions

𝗗𝗶𝘃𝗲𝗿𝘀𝗶𝗳𝘆𝗶𝗻𝗴 𝗬𝗼𝘂𝗿 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗕𝗲𝘁𝘀: 𝗔 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗔𝗽𝗽𝗿𝗼𝗮𝗰𝗵 𝘁𝗼 𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 Drawing inspiration from the finance sector, organizations are increasingly adopting a portfolio management approach to digital projects. This strategy allows them to simultaneously invest in multiple tech initiatives, where bold and disruptive ideas have the potential to drive significant business growth. Instead of three-to-five-year plans, the focus is on 90, 180, and 360-day cycles to accelerate project delivery and adapt to rapid change. Similar to how investors diversify their portfolios to manage risk and maximize returns, IT leaders can strategically allocate resources across a range of digital initiatives. To successfully implement a portfolio approach, Leaders must focus on several key elements: 𝗔𝗹𝗶𝗴𝗻𝗺𝗲𝗻𝘁 𝘄𝗶𝘁𝗵 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗚𝗼𝗮𝗹𝘀: Digital initiatives must be directly linked to the organization's overall strategy and objectives. By understanding the business's critical priorities, IT leaders can build a portfolio that delivers maximum value. 𝗕𝗮𝗹𝗮𝗻𝗰𝗶𝗻𝗴 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗮𝗻𝗱 𝗥𝗶𝘀𝗸: While it's essential to explore new opportunities, it's equally important to manage financial risk. A well-structured portfolio includes a mix of projects with varying levels of risk and potential return. 𝗦𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲𝗱 𝗘𝗻𝘁𝗿𝘆 𝗮𝗻𝗱 𝗘𝘅𝗶𝘁: Not all projects will succeed, and it's crucial to have a clear exit strategy for those that don't meet expectations. This allows for continuous optimization of the portfolio and reallocation of resources to more promising initiatives. 𝗘𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲 𝗦𝘁𝗮𝗸𝗲𝗵𝗼𝗹𝗱𝗲𝗿 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁: Managing a diverse portfolio requires clear communication and expectations. IT leaders must effectively engage with stakeholders, providing regular updates on progress and ensuring alignment with business objectives. 𝗠𝗲𝗮𝘀𝘂𝗿𝗶𝗻𝗴 𝘁𝗵𝗲 𝗜𝗺𝗽𝗮𝗰𝘁: To gauge the effectiveness of a digital portfolio, organizations should adopt a holistic approach to measurement. Along with traditional financial metrics, consider evaluating the impact of digital initiatives on key business outcomes such as customer satisfaction, operational efficiency, and revenue growth. By treating digital transformation as a strategic investment, organizations can increase their chances of achieving long-term success. A well-managed portfolio enables businesses to navigate the complexities of the digital landscape, capitalize on emerging opportunities, and build a competitive advantage.

Most of us are familiar with the term governance – but what does the word mean with regard to Digital Transformation? Before you write it off as a dull topic, remember this: Good governance is essential to a successful and lasting Transformation. But why is it so important to get it right? And what shifts you can start making today to improve your processes and see better results? So glad you asked! Check out today's article for the answers to those questions! https://lnkd.in/geZjNrmp

Discover how the most successful organisations are redefining success, impact, and long-term outcomes through value-driven transformation. Learn how Transformation Offices are the game-changers and what sets them apart from the rest of the market. Explore our report for more in-depth insights: https://pwc.to/3I5xrwC #pwcmiddleeast #transformation

Explore the transformative power of #FinancialAgility with Andy Cleff and Sally Tait. Learn how setting targets, making forecasts, and allocating budgets in parallel can unleash collaboration, innovation, and smarter decisions. https://hubs.li/Q02k3xBM0

2024 is in full swing, and as we navigate this exciting yet unpredictable year, it's clear that strategic planning has taken on a whole new level of importance. From all my conversations as a TEC Chair it's become apparent the way we approach strategy is shifting, from embracing agility to integrating ESG factors and harnessing technology, there's a lot on our plates. This article is well worth the read: https://lnkd.in/gwyKCqwy #StrategicPlanning #CEO#2024Strategies #TECAustralia

76% of finance leaders believe digital transformation will play a greater role in their organization's ability to achieve its strategic goals. Are you part of the 76%? If yes, what initiatives are you focusing on right now to achieve your 2024 goals? It's time to embrace digital transformation and stay ahead of the curve. #strategicinvestments #technologytrends Read more here: https://lnkd.in/gEDSajXC