50-6 |
Business process innovation, a new paradigm or a common sense approach |
V. SINGHAL, Strategic Business Management Co., 2 Mid-America Plz., Ste. 800, Oak Brook Terrace, IL 60181 Right people, right products and right technologies are the backbone of any successful enterprise. A successful enterprise, as defined by the technology partners of Strategic Business Management, is one that is capable of surviving and growing by responding swiftly and decisively to external market changes and competitive threats. For a meaningful presence in the marketplace of the Future, enterprises must continue to take steps and position themselves with an enterprise-wide structure and business-processes, which are designed for, sustained advantage in the marketplace. It will be important that the organizational structure shifts from a hierarchical structure to a network based structure. Given the overriding discussion about the “new economy” and the “old economy” over the last two years, the business world also must learn to adapt to this “different kind of war” being fought by our business leaders. This war is based upon the twin forces of globalization and information revolution, the same forces that have changed the ground rules for our military operations. This presentation will provide management framework and enterprise business process model to create organization structure to utilize the knowledge-worker of the future as the key building block for success. The key requirements and initiatives are summarized for an organization within such a framework to gain the enterprise agility to successfully serve the markets and customers well into the 21st century. It will require that today's technologists become efficient knowledge processors in a paradigm shift from yesteryear of only being either developers, managers, or seekers of knowledge. As an enabler of enterprise agility, these knowledge processors must be apt at rapidly translating known knowledge into new and effective know-how and knowledge for products, processes and performance. Organizational capabilities that effectively deploy both informational (and communicational) technologies and product/production technologies will be a prerequisite to participating and staying competitive in the marketplace of tomorrow. The framework and model developed to act as conceptual tools to help the organization and its leaders grow their enterprise as a living system will be presented.
Session 50, Getting breakthrough results from product innovation: A practical approach
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