It’s been more than a year since the cascading effects of the COVID-19 pandemic quickly shut down businesses and economies all over the world and spurred the massive shift to virtual work, where new tools and ways of working became commonplace overnight.
As companies look to emerge stronger from the pandemic, better serving their clients and finding new sources of value, business leaders must be prepared to advocate for openness and agility across six key dimensions.
Grow an ecosystem of partners: Openness is the defining characteristic of the Virtual Enterprise, as leaders are called upon to build the ecosystems necessary to solve problems, enhance innovation, and secure market opportunities in this increasingly inter-connected world.
Building strategic relationships with other organizations require a clear vision of the growth potential and competitive advantage from orchestrating the extended business platform in which others wish and need to participate.
New hybrid ways of working will require leaders to redefine workflows, provide more easy-to-use tools, systems, and rules of engagement for people, teams, and organizations, as well as cultivate renewed trust in data and technology as key drivers of decision-making.
This focus on sustainability and stakeholder capitalism plays an increasing part, too, in the way that customers, partners, and employees feel about engaging with organizations — and how leaders will need to make decisions about the future.
An open and secure architecture delivered on the hybrid cloud is the backbone leaders need to make use of their data, no matter where it resides, and achieve the flexibility, adaptiveness, and security that digital acceleration demands.
As we place this revolution in the context of an increasingly virtual world, we see even more power arising from the ecosystems, digital workflows, and networked organizations that technology made possible.
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