Based on my own analysis and perspective, every organization
needs transformation, no matter traditional organizations or new organizations.
Technology and simplicity are two main principles that an organization should follow
when fulfilling transformation.
Technology includes many aspects, such as big data, robotics,
IT application. In this technological era, any organization should keep following
the trend of technology. For example, a cellphone company named Huawei has
successfully won over Apple in China cellphone market. From 2010 to 2017, Apple
had always been the first choice of Chinese in choosing a new cellphone.
However, this situation changed since 2017. Why? Because Huawei has absolute
advantage over Iphone in certain areas of technology. Huawei has better performance
in storing battery energy and its camera is more advanced than Iphone. Furthermore,
as for other technologies, Huawei is no worse than Iphone. Therefore, consumers
would like to choose Huawei as their first choice since the price is much lower
than Iphone.
Rather than complexity, modern companies need to simplify
processing procedure and invest more time and energy to research and develop.
Traditional companies cost too much on human resources and complex business
procedure. If we dig into the fact, it is not hard to find out that they hire
too much useless employees. Modern companies must learn to cut wasteful resources.
With the help of robotics and AI technology, we can analyze data and get outcome
quickly. Therefore, it will be no need to hire employees to do these basic
work. Why big investment banks can have such huge business volume and have such
few employees? Because every single employee can make huge effort to what he or
she experts in. Investment banks target precisely on their employees’ talents.
Also, they apply technology to investment banking to maximize the effect of
simplification. Therefore, they can function really well.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.