Facilitating Hyper-Growth

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Concept of increasing sales from mobile online shopping

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.

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