Category: Change Management

Are we there yet?

Since, for the most part, you know where you are, and having decided where you need to be, the next step is to plot a route to get there. And then get there. Having decided that you want your organisation to be agile (see Agile Target Operating Model?) – which in a sense is the…

Agile Target Operating Model?

I’ve heard many people say that their company “is agile”.   As it turns out – after a short discussion – what they mean is that their company has a software development team which uses Scrum quite well. And by “quite well” they mean that they are using some aspects of Scrum (like daily stand-ups…

MVP?

What is a Minimal Viable Product? Although first coined by Frank Robinson, the term Minimal Viable Product has been popularised by Eric Ries in his work The Lean Startup Methodology. In it, he describes: “A core component of Lean Startup methodology is the build-measure-learn feedback loop. The first step is figuring out the problem that…

Digital transformation

Digital transformation is everywhere.  There are blogs dedicated to it.  Companies like Forbes, Harvard Business Review, Accenture, Forrester, Deloitte and EY have all published articles, surveys and commentaries about it.  But what actually is it? Although definitions of Digital Transformation differ between companies, executives, industries and sectors, the common thread seems to be: “Digital transformation…

The Sunk Cost Fallacy

“Individuals commit the Sunk Cost Fallacy when they continue a behaviour or endevaour as a result of previoulsy invested resources.” (Arkes & Blumer, 1985) If we’re honest, I suspect that we would all like to think that given a situation and presented with a choice, we would make a rational decision, based on the future…