Every major company has many eBusiness initiatives, but only a fraction of those initiatives are creating significant value. In this one-hour web seminar, Jim Bonine, an SDG principal with broad experience in new-economy transformations, discussed common myths that could change the way you think about eBusiness and strategy:
- The top 5 myths that continue to drive eBusiness initiatives
- How belief in these myths destroys value
- How old-economy companies are succeeding by incorporating new technologies and processes into their overall business strategies
- What challenges do typical organizations face? And what can you do about them?
In addition to believing the myths, too many businesses have counted on instinct, quick action, and/or trial and error to bring them eBusiness success, leading to hasty decisions and hit-or-miss outcomes. Executives need frameworks for understanding the value of initiatives and processes for identifying, prioritizing, and capitalizing on their best opportunities.
We find that successful companies create a “strategic agenda” to distill organizational priorities and then apply sound decision-making practices to get full value from their technology, and business, investments. With eBusiness initiatives, as with other new ventures, it is critical to consider alternatives, account for uncertainty and risk, and adopt a portfolio view (evaluating diverse opportunities on common terms). The most successful companies develop a thorough understanding of “agenda relevant” events and future options, so they can maintain alignment and clarity of action, despite the rapidly changing business environment.
Speakers
Jim Bonine, a senior engagement manager, has experience in the development and implementation of strategy, specializing in the design of business processes that align organizational capabilities and styles of work with strategy goals.
Carl Spetzler, SDG's chairman, leads strategy assignments to redirect and restructure major US corporations and to create revolutionary new products and strategic alliances.