Integration and Automation are driving businesses and thus socities crazy. It is assumed, for right or wrong reasons, that people are the cause for lack of proper efficiencies and effectiveness in Business Process Management. Attempts are on to develop business processes independant of Human interventions leveraging IOT.
Integration and Automation are driving businesses and thus socities crazy. It is assumed, for right or wrong reasons, that people are the cause for lack of proper efficiencies and effectiveness in Business Process Management. Attempts are on to develop business processes independant of Human interventions leveraging IOT.
Imagine the scenario, given the population growth in both developing and under developed nations. Civil wars apart, People need to be engaged for better economic well being of both the Society and the Nation. Since the last couple of Years, India is in need of rapid employment generation. While capitalist economic dictats are only for profitability, no economy will sustain if Society is not nurtured. It is important appropriate policy interventions stimulate employment growth leveraging demographic dividend.
Necessity for People Driven growth results in overall well being of all stake holders. This is achieved through focus on SQCDLM.
Safety of Environment and People:
Growth has to be sustainable and it is achieved only through balancing nature, people and profits. Ecological preservation is paramount for a secured future. Safety of people, both internal and external to the organisation has to ensured. To a large extent both of these are taken care by regulatory interventions. Nevertheless, voluntary commitments from Businesses are vital for long term success.
Quality:
Quality has to be imbibed in all activities and processes. It is not just product quality through process quality. It has to be Quality of Life for all involved - stake holders. Building a sustainable business will revolve around well being and emotional engagement of connected individuals. Organisations are to be designed in such a way that focus will always be on to give an ever improving quality of life - through Products & Processes.
Cost:
Price to the Seller is a cost to the Buyer, in simplistic value terms. This is direct. There are many indirect costs to the stake holders as a result of transaction between the Seller and Buyer. For example, an automobile manufactured, sold and used leaves a certain amount of strain on the environment, despite creating a value chain. This calls for a prudent assessment of Growth strategies across economies. Consumption lead economic growth brings with it many challenges those command attention and resolution.
Delivery:
E-commerce has both advantages and dis-advantages. Arguments are many, in favour of and against e-commerce. Looking at it positively, E-commerce has brought with it convenience and to a large extent pollution prevention through on-line purchases. However, its impact on employment generation is yet to be fully understood. This may also lead to concentrated wealth creation through elimination of conventional retail chain.
Logistics:
Bludgeoning rural markets and limitations of Urban markets has necessitated a revist to Point of Sale and Point of Purchase. Nearness to consumers is order of the day - simply repeat the methodologies adopted by Indian Banking System and Rural Distribution Networks. IT is enabling smoother transition to such requirements. Kiosks are a natural choice. Vending Machines will also become popular as society evolves. Cost of logistics and handling of products will be simplified to a large extent, thanks to technological interventions.
Management:
It is not just managing the value chain and the stake holders. Management is holistic in nature. By design, future can be managed only with a proper understanding of Society and Technology. It is also to be reckoned that priorities of different Countries may change based on circumstances and situations. This will necessitate newer norms of trade and regulations, which will call for continuous adjustments in Business Processes. Therefore Adaptive Organisations are the future and its People who will drive the speed of adoption.