EDITOR'S CHOICE: RECOVER TO A WINNING POSITION THROUGH SUSTAINED INNOVATION POST COVID-19
2020 and Beyond – Recover to a Winning Position through Sustained Innovation
- Published on 30/07/2020
- Doreen Chan
Organisations are increasingly shifting away from the push-based model of learning which constitutes mandated training programmes for employees to attend, towards pull learning where employees get to choose their training and development needs at their own pace.
2020 and Beyond – Recover to a Winning Position through Sustained Innovation
COVID-19 crisis is a ‘virulent’ example of why SYSTEMS THINKING is a necessary competency for everyone, not just for leaders. We all need to become GLOBAL CITIZENS of the world, beyond just our national boundaries.
We should take courage and see through this stressful time together.
Deploy AI to analyse customer data to find the right customer problem to solve, and in so doing, you will be better positioned to innovate and transform your business to meet your customers’ needs
A diverse workforce is needed to bring about better performance and business outcomes. Good intergenerational management at individual and team levels can foster greater communication and trust.
When leaders consciously shift to become more systems-inspired in the way they lead their teams, they adopt the practice of deep democracy with their teams.
Two-in-three small-and medium-sized enterprises (SMEs) will see a risk of failure in the next three-to-five years.
There are several challenges that need to be considered as firms race ahead to jump on the digital bandwagon.
The continuous improvement approach of the Kaizen management technique might seem common sense; regrettably it is not a common practice.
Innovating across industries is key to move away from head-to-head competition and create new market space as recommended by the Blue Ocean Strategy methodology.
How can internal talent acquisition and HR professionals work with hiring managers to develop strong relationships with their stakeholders?
The New Normal after COVID-19 is Education without Schools, Health without Hospitals, and Banking without Banks. Embrace it.
Organisations are increasingly shifting away from the push-based model of learning which constitutes mandated training programmes for employees to attend, towards pull learning where employees get to choose their training and development needs at their own pace.
The first corporate universities launched over 60 years ago served primarily as ‘go-to’ places to educate employees about a company’s vision and business goals. Since then, thousands of top-performing organisations globally have launched their own corporate universities to meet organisational and employee demands for professional development and to gain an edge in an increasingly competitive world.
Few would argue that technology adoption and digital transformation are the way forward. Implementations such as artificial intelligence (AI) and Internet-of-Things (IoT) have the potential to boost organisational performance.
According to the World Economic Forum (WEF), automation will render 75 million jobs obsolete over the next five years. Yet, these same technological advances will create some 133 million new jobs that will not only deliver business value but also shape more fulfilling roles for workers. At large global firms, newly emerging occupations are expected to grow their employee base from 16% to 27% by 2022.