Search

Future of Work Have you Spinning? Time to Simplify…


Strategy+Business recently published “A CEO Guide to Today’s Value Creation Ecosystem.”


Despite the wonky title, a colorful image always captures my eye. Thankfully. Because said “value creation ecosystem” is proving a valuable tool for me in shaping conversations with leaders pondering the Future of Work (FOW).


The challenge at the heart of FOW is that - by definition - it’s unknowable.


It’s easy to get lost in the spin of all we can’t predict; the totality of questions we can’t answer.


But what if we focused instead on a single question we can answer?

How will we create value as we head into the FOW?

Enter the Value Creation Ecosystem, in all its technicolor glory:


The enterprise value framework is designed to help CEOs define how their organizations will create value. It’s comprised of 3 components:

1. Financial productivity: how financial investments are allocated

2. Resilience: how we respond to shifts and surprises

3. Society: how our decisions impact citizens and stakeholders around us


As I read the article though, my mind kept asking “why can’t any leader at any altitude use this framework to define the value their team will deliver?”


So I boiled each pillar down to its essence, and granted myself the poetic license to reframe the ecosystem this way:


1. Financial productivity: Priorities. Where we invest our time, focus, and energy.

2. Resilience: Agility. How we monitor and respond to the unexpected

3. Society: Impact. How our choices affect our teams and internal clients


I’m starting to use this framework with various leaders to focus their FOW-related thinking - regardless of how high up on the org chart they sit.


“We don’t have to figure it all out today,” I tell them. “But let’s focus on answering some targeted questions to help guide us.”


1. Priorities:

  • What projects or opportunities should command our time and attention?

  • Who must we collaborate with in order to deliver?

  • Where are the efficiencies in achieving these priorities?

  • What conditions will enable us to maximize the quality of our outputs?

2. Agility:

  • How can we assess regularly how our projects are going?

  • How can we quickly identify the best solution to a challenge as it arises?

  • How can we experiment as we go to find new ways of delivering?

3. Impact:

  • What strategies – formal and informal – can we tap to see how our work is being experienced by each other and our internal partners?

  • What key performance indicators should we watch for?

  • How can we maintain an open and ongoing dialog with our stakeholders so feedback is always inbound?

  • How can we honor our commitment to reflect on and respond to feedback we receive?

This is where we are beginning our FOW conversations. And just giving leaders a sense of scope and direction – pulling them out of the spin – is enhancing the quality of their outputs.


So, wherever you sit in your organization – how might you leverage this framework in defining with your team how you’ll create value moving forward?

0 views0 comments