Key decision-makers are divided on IT strategy adoption. How will you navigate this challenging situation?
Navigating a divided IT strategy adoption among key decision-makers can be a complex challenge. You're tasked with aligning differing viewpoints to ensure the technological future of your organization is secure and progressive. This situation demands a nuanced approach, blending diplomacy with strategic insight. To succeed, you must understand the value each stakeholder brings to the table, the underlying reasons for their positions, and the potential compromises that could forge a path forward. It's a tightrope walk between innovation, cost, risk, and change management that requires a steady hand and a clear vision.
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Vijay MaliIT Strategy Consulting @ EY | Digital Transformation | Business Analysis | Project Management | Change Management | Gen…
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Jēnna R."Your strategy is only as good as your ability to execute." | My firm helps senior leaders accelerate the delivery of…
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Aashu RaharFinance and Technology Executive | Integrated Business Planning (IBP xP&A FP&A) | Finance Digital Transformation |…
When you encounter resistance or division among decision-makers regarding IT strategy, the first step is to listen actively. By understanding the specific concerns of each stakeholder, you can address the root of the disagreement. It's essential to ask probing questions and demonstrate empathy. Recognize that resistance often stems from uncertainty or a lack of information. Your role is to clarify how the IT strategy aligns with the organization's overall goals and how it can be tailored to alleviate individual concerns.
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Vijay Mali
IT Strategy Consulting @ EY | Digital Transformation | Business Analysis | Project Management | Change Management | Gen AI
To find the root of the problem, begin by attentively listening to each decision-maker's worries. Hold one-on-one consultations or workshops to get in-depth input from them, paying particular attention to their concerns and expectations. Recognize the context of their concerns, including any financial limitations, perceived risks, or incompatibility with company objectives. Make use of this data to develop a thorough understanding of the difficulties. You may establish a more cooperative approach to addressing disagreements in IT strategy adoption by exhibiting empathy and understanding.
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Aashu Rahar
Finance and Technology Executive | Integrated Business Planning (IBP xP&A FP&A) | Finance Digital Transformation | Process Innovation | M&A Integrations (Finance, Accounting, Enterprise Application) | MBA (Finance)
Its strategy is to always align with business strategy and develop IT capabilities to support business growth, implement best-in-class processes, and create efficiencies and automation in the operations. Most of the time, the concerns come from the lack of knowledge about the effort required to develop required capabilities and the organization's cost to implement technologies on the strategic roadmap. At one of the largest metal companies, the warehouse management team pushed back implementing the new order management, inventory management, and shipping execution systems. One of the ways I've helped stakeholders align with IT Strategy was to showcase how it was to make warehouse folk's lives easier and safer in conducting day-to-day tasks.
Armed with an understanding of stakeholder concerns, your next move is to present data that supports your IT strategy. This should include potential return on investment (ROI), efficiency gains, and competitive advantages. However, avoid overwhelming your audience with technical jargon. Instead, focus on translating IT specifics into business outcomes that resonate with their interests. Remember, your goal is to create a compelling narrative that demonstrates the tangible benefits of adopting your proposed IT strategy.
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Aashu Rahar
Finance and Technology Executive | Integrated Business Planning (IBP xP&A FP&A) | Finance Digital Transformation | Process Innovation | M&A Integrations (Finance, Accounting, Enterprise Application) | MBA (Finance)
Not all projects are taken up because they have one of these components: return on investment (ROI), efficiency gains, and competitive advantages. These are easier to get the approval for. Some projects must be taken up because of audit compliance requirements, security, and data integrity. In these cases, it's better to justify the number by showing the cost of not doing such projects, and sometimes those costs may be very high, but they are hard to quantify. One of the ways to get attention is to give examples from other organizations that failed to execute such projects. For example, the Equifax security breach a few years back and the cost of that breach may get attention to approve a centralized system for IT Assets management.
Aligning goals among key decision-makers is crucial for successful IT strategy adoption. Discuss how the proposed strategy supports each stakeholder's objectives. This may involve highlighting how technology can solve existing problems or enhance business capabilities. Your aim should be to create a shared vision that connects the IT strategy to the broader business goals, thus fostering a sense of shared ownership and commitment to the strategy's success.
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Aashu Rahar
Finance and Technology Executive | Integrated Business Planning (IBP xP&A FP&A) | Finance Digital Transformation | Process Innovation | M&A Integrations (Finance, Accounting, Enterprise Application) | MBA (Finance)
Aligning IT strategy with business goals and objectives is critical to successful adoption. One way to do this is to create a business-IT capabilities Matrix, which will show what tools and technologies are needed to create the technology capabilities to support the business strategy. For example, at one of the mining companies, so many old technologies were in use that provided no robust cyber security capabilities. These security audit findings were a good trigger to align business needs with a newer technology roadmap to protect the company from the risk of being held hostage to cyber criminals if they hacked older technology and took control of the machines.
When faced with division, exploring alternatives can be an effective way to find common ground. Present different IT strategy options that still meet the core objectives of your organization. This demonstrates flexibility and shows that you value the input of all stakeholders. It's important to outline the pros and cons of each alternative, guiding decision-makers through the trade-offs involved. This can help mitigate concerns and lead to a consensus on the best way forward.
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Aashu Rahar
Finance and Technology Executive | Integrated Business Planning (IBP xP&A FP&A) | Finance Digital Transformation | Process Innovation | M&A Integrations (Finance, Accounting, Enterprise Application) | MBA (Finance)
Exploring alternatives starts with the end goal in mind and the problem that needs to be solved. For example, a manual intervention could be resolved by just tweeting the process without the need for a technical solution. In one of the telecoms, there was so much manual entry regarding contract terms that required additional headcount to extract and enter into a computer to accurately account for revenue in accordance with ASC 606 and the corresponding cost of that revenue. Designing the process to capture all that information upstream, flowing through the interface, eliminated the need for manual entries and improved the accuracy.
Building consensus is perhaps the most challenging step in navigating a divided IT strategy adoption. Facilitate discussions that encourage open dialogue and collaboration among stakeholders. Use your understanding of their concerns to steer the conversation towards a mutually acceptable solution. Sometimes, this may involve making concessions or prioritizing certain aspects of the strategy over others. The key is to ensure that all voices are heard and that the final decision reflects a collective agreement.
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Vijay Mali
IT Strategy Consulting @ EY | Digital Transformation | Business Analysis | Project Management | Change Management | Gen AI
Effective negotiating techniques and a cooperative mindset are necessary for reaching consensus. Focus conversations on shared interests and goals by employing facilitation techniques. Encourage all parties involved to engage in frank discussion and active engagement. Determine and discuss the main points of contention through productive discussion. When searching for a solution, try to comprehend and incorporate many points of view in order to strike a balance between them. To come to a consensus, use techniques for reaching consensus such as decision matrices or Delphi procedures. All decision-makers' commitment and buy-in are guaranteed by a well-facilitated consensus process.
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Aashu Rahar
Finance and Technology Executive | Integrated Business Planning (IBP xP&A FP&A) | Finance Digital Transformation | Process Innovation | M&A Integrations (Finance, Accounting, Enterprise Application) | MBA (Finance)
The key to building consensus is to look from the stakeholders' vantage point. What's in it for them? This is the question that needs to be answered. Listening carefully and noting concerns, fears of the unknown, and costs and benefits from their perspective is critical to reaching a consensus. In one of the Warehouse Management System's shipping execution changes as part of a Just-In-Time Inventory Value-Added-Services, our ERP team was getting a lot of pushback on the process of shipping the individual inventory items vs. the entire bill of materials because the warehouse supervisor and his team thought it was disruptive to their team. Once we showcased the proof of concept and how it would help them, it was easy to get their buy-in.
Once a consensus is reached, consider implementing the IT strategy gradually. This allows stakeholders to see the benefits in stages and can reduce the anxiety associated with significant change. Start with pilot programs or phased rollouts that provide an opportunity for feedback and adjustment. A gradual implementation helps maintain momentum and buy-in as stakeholders witness the positive impact of the IT strategy on the organization's operations and success.
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Vijay Mali
IT Strategy Consulting @ EY | Digital Transformation | Business Analysis | Project Management | Change Management | Gen AI
A key component of goal alignment is making sure the IT strategy advances the organization's overarching goals. Encourage conversations that draw connections between the suggested approach and important company objectives like increased revenue, improved operational effectiveness, or a competitive edge. Emphasize how the plan can help with particular problems and ensure long-term success. Urge decision-makers to state their objectives clearly and demonstrate how the IT strategy supports or advances them. This alignment highlights the strategic significance of the IT projects and aids in the development of a common vision.
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Aashu Rahar
Finance and Technology Executive | Integrated Business Planning (IBP xP&A FP&A) | Finance Digital Transformation | Process Innovation | M&A Integrations (Finance, Accounting, Enterprise Application) | MBA (Finance)
Implementing gradually is possible only when you have the luxury of time, a rare commodity in today's fast-paced era of rapid implementations. The key is setting the expectations right. What is going to be part of rapid implementation and what will be in a phased approach needs to be clearly defined, understood, put on paper, and communicated widely. A clear short-term and long-range road map with an overall program plan and fully loaded project plans within the program, which must include internal and external resources, budgets, and timelines. A clear communication of that plan, including the RACI matrix, full support of executive sponsorship, every stakeholder and participant in the program.
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Jēnna R.
"Your strategy is only as good as your ability to execute." | My firm helps senior leaders accelerate the delivery of their multi-year strategic initiatives
One approach would be a workshop where decision-makers swap roles and discuss from each other's perspectives. This can help uncover shared interests and potentially break the deadlock on the IT strategy.
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Aashu Rahar
Finance and Technology Executive | Integrated Business Planning (IBP xP&A FP&A) | Finance Digital Transformation | Process Innovation | M&A Integrations (Finance, Accounting, Enterprise Application) | MBA (Finance)
The most important thing to remember for the IT and Technology team in charge of the IT Strategic roadmap is that the Information technology team's main job is to support businesses in achieving their short-term and long-term goals at the most efficient, cost-effective, and faster speed compared to the competition. It never is the other way around. Information Technology exists to serve businesses.
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