Connect with us

Leadership

DX Journal, OneEleven launch #ScaleStrategy editorial series to help entrepreneurs and intrapreneurs

Avatar

Published

on

Share this:

Whether it’s growing a business from startup infancy, or managing a growing project within a large organization, scaling is extremely difficult.

Even with a roadmap in place, disruptive high-growth startups must learn how to navigate blocks and challenges they haven’t considered or planned for. Digital transformation projects within large enterprise companies are challenging as well, often moving at a glacial pace due to bureaucracy and legacy.

Recognizing the need for more practical lessons from those who have done it, DX Journal and OneEleven launch #ScaleStrategy. The co-developed editorial series will deliver insights, advice, and practical recommendations to innovative and disruptive entrepreneurs and intrapreneurs.

Upcoming interviews, features, and first-hand reports from experienced individuals include:

  • Mike Katchen, CEO, Wealthsimple
  • Dean Hopkins, Chief Growth Officer, OneEleven
  • Albert Lai, CEO, Big Viking Games
  • Kerry Munro, SVP, Connected Retail, Canadian Tire
  • Paul Teshima, CEO, Nudge.ai
  • Eva Wong, COO, Borrowell

“The number one lesson that I have learned as an entrepreneur and CEO is not to go it alone,” says Dean Hopkins, Chief Growth Officer, OneEleven. “My peers have taught me so much, helped me avoid key mistakes, and introduced me to key resources, none of which I would have had access to on my own. We live this everyday at OneEleven by helping our members connect to their community. This is why we are so excited about the opportunity with DX Journal. What better way to support founders, leaders and intrapreneurs than by connecting them even further to their digital peers via this innovative platform.”

Hosted on DX Journal, the series helps growing companies manage scale and provides insight to large companies who want to scale their digital transformation initiatives. #ScaleStrategy will delve into business challenges such as:

  • Managing growth across multiple geographies
  • Scaling a culture of innovation
  • Sales tactics and learning
  • Operational advice for large enterprise innovators
  • The editorial series will also look at challenges and obstacles, with a transparent view and practical advice on to what to do when things go wrong.

“A lot of entrepreneurs who hit scale rely on insights from those who’ve done it, and it’s really hard to find really good, actionable advice for companies at this stage,” said Chris Hogg, President of Digital Journal Group. “Furthermore, the failure rate of digital transformation projects within large enterprises remains high. We’re looking forward to working with OneEleven to flush out insights that can hopefully help both entrepreneurs and intrapreneurs move ahead faster with greater success.”

Read the first instalment of #ScaleStrategy: How Wealthsimple grew to more than $2 billion in assets in less than 4 years

Share this:

Leadership

Interview: Shannon Pestun, Women’s Entrepreneurship at ATB Financial

Collisions YYC

Published

on

Shannon Pestun
Share this:

 

“The female economy and understanding its power is a very important conversation no matter who you are.”

Shannon Pestun, Director of Women’s Entrepreneurship at ATB Financial brings the notion of gender intelligence to the conversation of economic transformation, specifically on the entrepreneurial potential of women in Calgary.

Having noticed the imbalance in opportunities given to male and female entrepreneurs, Shannon became a champion for women to reach their full economic potential, never shying away from asking tough questions in the company of male business leaders.

Shannon also shines a light on areas outside of technology that she calls “the main street,” and the importance of shaping a clear way forward for new entrepreneurs and small businesses so they can be a part of Calgary’s economic transformation.

Share this:
Continue Reading

Culture

Digital transformation for a more sustainable world

Avatar

Published

on

Share this:

Sure, they’re confronted with business challenges every day, but the world’s top business leaders have a significant part to play in solving the world’s challenges — economic, technological, societal and educational. 

As Christian Klein, Co-Chief Executive Officer of enterprise application software company SAP succinctly puts it in a blog post for the World Economic Forum, “Companies today don’t just prosper based on their financial performance, but on how they make a positive contribution to society.”

Ahead of the World Economic Forum’s 2020 meeting — taking place Jan. 21-24 — Klein outlined how digital transformation can be a force for good in the world, and be a way to create a more sustainable world.

Critical minds, he starts, might wonder why companies would take the time, considering their primary goal of making money. “These critics should not underestimate the power of the consumer,” he argues, explaining that while customers do consider their decisions based on products or price, but the company’s values. Employees act in a similar way, choosing to join companies “that embrace their responsibility towards humankind and the planet.”

Almost every person on the planet knows that technology plays a profound effect on just about every facet of our lives, from jobs to wages to health to security. Meanwhile the need for business to undergo digital transformation, simply to stay relevant and alive, is hardly big news anymore. 

“But transformation is also about a change of culture, which requires a radical rethinking of people, processes and technologies,” Klein writes. Included in this are “tectonic changes” that go into a company, and how employees interact within the whole system. 

“And just like a business cannot digitally transform unless – or until – its people transform, I believe that, while they come with their own environmental costs, technology and digitalization can play a crucial role in developing solutions for a better tomorrow.” 

Some examples? Blockchain’s potential to add traceability (and by extension, trust) to food supply chains. The empowerment of people with disabilities through AI, which, when properly applied, can reduce bias in the hiring process. Smart cities, powered by everything from sensors to open data to better supply services and protect resources.

[Related reading: How 5G and the Internet of Things can create a winning business]

“There is no doubt that technology and digital transformation break down silos and create transparent and unified data for objective decision-making,” Klein writes. “But even more so: they change how companies manage their relationships with the wider world.”

Creating a sustainable world requires us to look beyond corporate borders, toward the communities around us, creating an ecosystem of trust “that allows us to exchange ideas to create a safety net for the most marginalized.”

Share this:
Continue Reading

Investment

Four steps for CIOs undertaking DX

Avatar

Published

on

Share this:

CIOs are in a unique spot in any organization’s digital transformation (DX) journey. 

With one foot on the business side and the other firmly planted as a technical leader, CIOs are a vital piece of the puzzle, especially with the many challenges and constant management required on the road to digital.

As Gustavo Gomez, founder and CEO of intelligent process automation software provider Bizagi, explained in The Enterprisers Project, “Only CIOs have the broad perspective to ensure that transformation deployments can reach both deeply into organizational silos and broadly across lines of business.”

How can CIOs put their organizations onto a digital transformation path that’ll lead to a better likelihood of success? Gomez outlines four essential steps:

1.) Embrace different perspectives

CIOs aren’t always the catalyst for digital transformation. Frequently, leadership from many parts of the organization will “have a “wouldn’t it be great if we could…” epiphany,” as Gomez explains.

As the bridge between technical implementation and business objectives, the CIO needs to recognize and address this divergence before it undercuts the actual transformation,” he says.

How? Clear and steady communication between the transformation teams and stakeholders, with a goal of understanding what transformation will accomplish.

2.) Focus on incremental wins

According to Gomez, organizations will encounter two competing narratives: “Start immediately on disparate pilot programs (risking control and scalability) or meticulously craft the perfect comprehensive transformation (risking months or years of delay with limited return).

A clear, goals-driven strategy is key, but feasible milestones that are regularly achieved can go a long way in showing steady results to stakeholders or the board. 

3.) Win hearts and minds

Organizational change of any kind is often met with resistance, and it’s no different when it comes to digital transformation. But given that DX is a key part of ensuring long-term success, Gomez explains, employee participation is “a matter of survival.”

The trick to getting everyone on board? Departmental management. By on-board these leaders to the larger vision, their role within it, and bigger-picture business objectives, “CIOs can help evangelize the change, ensuring it trickles down to all levels of the organization.”

4.) Identify a scalable solution

As Gomez explains, it’s one thing to complete a successful trial transformation in a small team, and another to turn around and roll that change out across an entire organization. 

He identifies two considerations: First, it’s possible to achieve micro-scale DX wins that end up siloed in a single part of the organization. Two, transformations that work in controlled, smaller settings but fail when scaled up for broad release.

A key indicator can be a heavy reliance on IT involvement in modifications,” says Gomez. “Digital transformation must evolve to meet changing business realities, and anything that leans too heavily on IT for those adjustments will quickly stall.

All digital transformation journeys have hurdles, but through the unique position of CIOs as both business and technology leaders, success is more likely when they actively work to effectively hear from all sides, embrace smaller-yet-frequent milestones, win over stakeholders, and ensure that the DX journey goes where it’s needed. 

Share this:
Continue Reading

Get more #ScaleStrategy

Sign-up to notified when the next #ScaleStrategy story about these amazing entrepreneurs, intrapreneurs and companies is published.

Featured