The way we work is changing faster and faster. Razat Gaurav, CEO at Planview, a specialist in project, portfolio and work management, knows what factors will influence the way people work in the coming months.
1. Networked working is the key to adapting quickly to market changes:
The strength of an organization depends on how well the parts are connected to each other – between teams and plans, ideas and impact, and opportunity and value creation. Anyone who succeeds in eliminating the functional, hierarchical, physical and communicative silos and establishing a consistent strategy has found the recipe for success with which one can navigate through an increasingly changing market.
2. Agile transformation becomes a business imperative:
In a world where change is necessary, more and more leaders are realizing that breaking down operational silos and adopting agile ways of working are critical to an organization’s survival and success. While adapting to this mindset can take time and resources because it forces executives to rethink and redesign the business model, the benefits far outweigh the costs. Only those who are too slow to adapt or who hesitate will be left behind.
3. Data and insight-driven decisions will enable the next wave of productivity and growth:
Organizations can use data and business knowledge combined with advanced algorithms (simulation, optimization, machine learning) to make the best possible strategic and tactical decisions and help employees work more effectively. For example, companies can predict how, when and where to move resources to optimize output. So you can consistently support your employees so that they can concentrate on their strategic and innovative work.
4. Faster planning cycles are essential:
The way organizations plan (and re-plan) and execute their strategy is changing and must continue to change. The 5-year plan from top to bottom is passé. Companies need to replan and adjust plans more frequently. They must emphasize the two-way feedback between the teams doing the work and those defining the company’s strategy. In order to be able to make better strategic decisions for the company, executives need information from those who are involved in the work process and thus closest to the market and customer needs. At the same time, leaders need to be more transparent about their vision and mission and share information so that teams on the ground can make faster decisions. Real-time data will be helpful here, enabling shorter planning cycles so that companies can adapt more quickly.
5. Hybrid work environments are on the rise:
After the past two years of remote or hybrid work, it’s safe to say there will be no return to the “five-day office week” for all employees. The hybrid work environment will be the new norm, with the most successful companies being those that value “face-to-face time”, that encourage networking, enable trust building, drive innovation and support company culture.