Facilitating Hyper-Growth
FountainBlue's June 5 VIP roundtable was on the topic of 'Facilitating Hypergrowth'. Please join me in thanking our gracious hosts at Intel, who on-site support and joined in the interactive discussion, and to this month's participating executives.
Below is a compilation of their ideas and thoughts on how we to facilitate hypergrowth from the people, process and technology perspectives.
It's always about the people.
Create a company with a purpose and a culture of empowered leaders who are taking specific measures to achieve those goals.
Look for people who are talented technically, yet also passionate about learning and making a difference. They must be challenged in a way that's meaningful for them, stretching their thinking and their impact and their network and connections.
Invite initiative and input, and reward those who go the extra mile, and volunteer to participate in new and meaningful ways.
Look for, nurture and recruit those who are customer-centric.
Create an ecosystem of people and leaders from within and outside an organization, focused on a common goal and purpose.
Embrace a process that supports rapid growth.
Decide which processes help your business unit respond efficiently and effectively as defined by specific measurements. Replicate these processes elsewhere.
Adopt the SMURF perspective - process solutions which are Scalable, Maintainable, Usable, Reliable, Functional and Secure.
Decompose the processes into modules. Decide which modules should be automated and which ones should be individually customized. Design solutions integrating these modules.
Review and update your processes regularly to ensure relevance and effectiveness.
Adopt and Create Technologies in Demand
Keep an eye on the market, business and technology trends and design solutions based on those trends.
Hot areas for hypergrowth include IoT, Blockchain, Workflow solutions on the cloud, Security and privacy solutions for the enterprise, Software-enabled virtualization, Software-enabled networks, AI, AR/VR, Edge Networks, and unstructured data management
Below is a compilation of best practices for facilitating hypergrowth.
Dare to have an audacious vision for the future.
Enlist others to follow.
Embrace the thoughts and perspectives of people who don't think-like-you, for she/he will represent a valid perspective as well.
Visualize the impact you can provide. Choose leaders who can help you visualize that impact. Communicate that impact in a way which would engage and enlist others.
Be specific on what you'd like to do, and versatile on how it could get done.
Act like the-little-engine-that-could, despite impressive opposition and incredible odds.
Lead the transformation to a digital solution, a digital culture... or risk being left behind.
Not everyone can get from here to there. Focus on those who will lead pivots, or are at least open to a pivot when necessary.
The bottom line is that it takes visionary leadership, exceptional execution, and continuous communication to ensure sustained hyper-growth. Select a company and a team that is poised for that hyper-growth, and contribute to the people, process and technology choices which would nurture and sustain that growth.