Tough business times are not new. What is new is the rapidity with which economic difficulties can appear on the horizon and engulf our businesses. Alvin Toffler, a few decades ago, predicted that not only are we inundated with change, but also the rate of change is increasing. Therefore, the need to base our business on a robust suite of fundamentals that would help it sustain through tough times is essential.
Furthermore, synergy between the myriad elements that make up the organization – typically the leadership, the analysts who understand, model and optimize the operations, and the business as well as information technology (IT) strategies of the organization, amongst others – is another crucial element of a organization that, if engendered correctly, can help it weather storms such as the current Global Financial Crises.
The latest issue of the Alinement Magazine is squarely focused on these fundamental aspects of business. This issue develops the idea of close cooperation between business and technology in a extremely practical way. The three authors who have contributed to this issue, are highly respected, experienced and pragmatic professionals covering the business and IT domain. All have indepth understanding of both the business and technology aspects of organizations and have been practicing as well as advising organizations on their business and IT strategies.
Firstly, Keith Sherringham, a highly experienced IT consultant with a flair for writing, discusses seven business fundamentals for tough economic times. While stressing that these are not necessarily new, Keith presents them succinctly and reminds us of the need to adhere to them especially when the going is rough. Keith also discusses the reasons why and how these fundamentals work in practice.
Dale Nott then takes us into the interesting area of business sustainability and agility – as against pure software agility. Dale’s wide ranging experience together with his BPM work at Cinergi, comes to the fore in this article. To start with, Dale describes the business rules, process controls and metrics that make up BPM. This is followed by a succinct description of the challenges in implementing BPM and practical discussion on how to handle those challenges.
Finally, Satish Chandar takes a plunge in the field of authoring by outlining his vision of business analysis in sync with both business and IT strategies. Based on his wide-ranging experience, Satish takes us through the activities of a BA that can add direct value to business and IT strategies – such as clarifications and demystification, engaging with the organizational leadership and stakeholders and keeping the context of the IT strategies firmly in mind. Appropriate risks associated with this approach and how to ameliorate them are suitably highlighted.
This is a must read issue for all of us who are keen to learn from the experience reports of peers and who would like to bring about positive changes within our organizations that would enable them to survive and prosper in our turbulent economic times.