Wednesday, June 17, 2020

Blog #4: Leap Before You Look; Weighing Strategic Options During Disruption

Reflecting on the readings this week, and my initial attempt at the Back Bay battery simulator, I couldn’t help but listen to the small voice piping up in the back of my thoughts regarding the current global pandemic, and its ability to disrupt so many industries, for better or worse, with such rapid force.   

One general example would be the almost immediate shift from an in-person workforce to a largely on-line one. In less than three months’ time, Zoom went from a niche corporate tool, to a ubiquitous brand and product, outpacing rival firms that are producing much of the same line of products and capabilities.  Some suggest that Zoom excelled by incorporating features that echo the functionality (and fun) of social media, such as appearance enhancing, backgrounds, and easy-to-use features (Gilbert, 2020). Thinking generally, to a quote from CISCO’s CEO, “The best indication of when to make the jump frequently comes from our customers.” (Chambers, 2016).  He goes on to indicate that often it is the customers not only indicating which direction or focus to take but also connecting that organization with the technological inspiration to do it.

Thinking more specifically to my current industry of higher education, everyone is currently looking to the fall, with a will-we-or-won’t-we approach to re-opening campuses and re-engaging with students and alumni in person again. From an Inside Higher Ed opinion piece, Jose Bowen sums up our hesitant nature by noting, "Humans have a bias to wait for more certainty, but when new information is almost certain to be contradictory and chaotic, we are waiting in vain. More uncertainty is coming, not less." (Bowen, 2020).  He goes on to note that making plans is fine and necessary, but that remaining nimble and open to redirecting your efforts is critical.  An organization’s ability to recognize that it is more important now to move with urgency and recognize that they will make mistakes, as a result, will be part of the process. (Bowen, 2020) Certainly, this is not a new approach, as author Clayton Christen noted 20 years ago in the Innovator’s Dilemma, “But in disruptive situations, action must be taken before careful plans are made.” (Christensen, 1997).  As he theorizes in this week’s reading, leaders that aren’t able to tell where the market is or is heading (as is the case for so many of us right now in this strange day-to-day existence), can work with a more open mindset, evaluating the questions they need to ask to find the information they need to know.  This comes full circle back to Chamber’s thought that, “By the time it’s obvious you need to change, it’s usually too late. Very often you have to be willing to make a big move even before most of your advisers are on board.” (Chambers, 2016) 

Educational institutions, and organizations in general, that will succeed during this global disruption, will be those who move nimbly, acknowledge errors and change course as needed, learn as they go, and keep pursuing forward momentum towards the avenues that align where their customers and their strategic plans want them to go.  

 

Bowen, J. A. (2020, May 19). Is Higher Ed Asking the Wrong Questions? Retrieved from https://www.insidehighered.com/views/2020/05/19/longer-term-questions-colleges-should-be-asking-response-pandemic-opinion 

Chambers, J. (2016, January 8). Cisco's CEO on Staying Ahead of Technology Shifts. Retrieved from https://hbr.org/2015/05/ciscos-ceo-on-staying-ahead-of-technology-shifts

Christensen, C. M. (1997). Discovering New and Emerging Markets. The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail. Boston, MA: Harvard Business Review Press.

Gilbert, B. (2020, March 24). All your friends are using Zoom, the video-chat app that is suddenly dominating competition from Google and Microsoft. Retrieved from https://www.businessinsider.com/zoom-video-everywhere-google-hangouts-skype-2020-3#why-are-people-using-zoom-thats-less-clear-but-there-are-some-obvious-upsides-to-zoom-over-its-competition-from-microsofts-skype-and-googles-hangouts-3

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