It may take an expert in management consulting to translate into actual behavior and decision terms such as ‘waste’ (in Lean) or ‘flow’ (in Kanban), but the results can be impactful. But how do you know if work done by your teams result in value? What does ‘maximizing value’ mean in terms of behavior and decisions? What are the different kinds of value -- and are they equal? How do you compare them?
In these days of re-imagining the very foundations of conducting business, delivering a product or services, and other challenges brought about as a result of global pandemic, we could think of "business value" as an informal term that includes all forms of positive inputs that contribute to the health and well-being of an organization in the long run. The idea that agile can be used outside of software development is growing. Darrell K. Rigby, Sarah Elk, and Steve Berez of Bain:
“To create a truly agile enterprise,” in the May-June 2020 article, “The Agile C-Suite”, discuses, “the top officers—most, if not all, of the C-suite—must embrace agile principles too.”
Loyal readers of this venue recognize that agility, of course, is not a new idea. With members of the C-suite -- besides the CIO -- embracing the approach, will we see improved efficiency in other lines-of-business?
Read more at the HBR...
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