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Showing posts with label Business Design. Show all posts
Showing posts with label Business Design. Show all posts

Business Design: A Growing Paradigm In Global Business

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By M. Isi Eromosele

Business Design is a methods-based approach to innovation that helps teams get to bigger breakthroughs faster and define strategies for competitive advantage.

In working with executives from around the world, my colleagues and I at Oseme Creative have seen some clear patterns emerge regarding the particular attributes required to excel in this emerging discipline.

What we have found is that is that it takes a combination of the right mindset (being) and a rigorous methodology (doing) that unlocks a person’s thinking, and that one must consider all three of these factors to fully realize the potential of Business Design as a platform for enterprise success.

Being: Design as a Mindset

A design mind is characterized by a collection of mindsets that determine and define one’s emotional agility. These can come from the ‘self ’, and can also be shaped by the enterprise environment or workplace culture. Importantly, it is one’s personal choice to cultivate self-awareness and decide how to harness, manage or develop these dimensions in working with others.

Attributes Inherent In A Design Mindset

Openness

This entails being open to new ideas, new people and new ways of doing things. Elements of openness include an active imagination, sensitivity, attentiveness to inner feelings, preference for variety, intellectual curiosity and an ability to suspend judgment.

People who are very open are willing to consider novel ideas and unconventional values. Without an open mind, one cannot fully realize the potential of the design approach to innovation.

Empathy

Human-centric design stems from a genuine sense of caring about people and being able to understand and appreciate their feelings, thoughts and needs. In designing something, we create value with and for other people.

Whether understanding vital stakeholders or valuing team members emotions and perspectives, the ability to listen emphatically and incorporate diverse perspectives into the design process lies at the heart of effective design.



Intrinsic Motivation

While extrinsic motivation such as raises, promotions and recognition is a natural part of the human psyche, intrinsic motivation has been identified as an important fuel for creativity.

Individuals motivated intrinsically by purpose or passion have a genuine interest, excitement and engagement in their work. Whether it be the challenge of a difficult problem or the pursuit of a purposeful ambition, these individuals become very involved in the development process of design.

This is often evidenced in organizations like hospitals and schools, but is equally intrinsic in for-profit enterprises of all types that have a clear mission to create true value (economic and human) for stakeholders.

Mindfulness

Consciousness of one’s thoughts, feelings and surroundings is critical to both maximizing inspiration and adaptability. In the design process, everything is relevant and can be a source of inspiration.

Greater mindfulness of both the self and the world around you will serve to create an expanded repertoire of reference points and stimulation in solving complex problems. Mindfulness also positions you to capitalize on serendipity, an integral part of seizing design opportunities.

Adjustment

Adjustment captures the general tendency to be emotionally stable, calm, even-tempered and functional in the face of ups and downs. Given the nature of the design process (collaborating with others, participating in a‘mash up’ of ideas and soliciting feedback as part of the development process), those who have a high adjustment profile are able to face challenging situations without becoming upset.

This also manifests itself in comfort with ambiguity, enabling people to find joy in the journey of tackling difficult problems.

Optimism

Just as adjustment can be critical in dealing with the present, optimism can help drive people forward toward creative and productive resolutions. Optimism also fuels resiliency and perseverance.

The design process is a dynamic one, filled with many twists and turns in the quest to iterate through to a breakthrough solution. A hopeful view of the future will fortify one’s ability to see a project through to successful completion.

Doing: Implementation Methods

Business Design combines thinking and doing through a rigourous methodology and thrives on tactical agility. Methods, frameworks and tools are learnable, skill-based exercises that help to shape behavior, shift mindsets, enhance thinking capacities, and ultimately boost both individual and team performance.

There is no pre-set process or ‘formula’ for doing, but rather a repertoire of tools that help to harness the wisdom and ingenuity of teams. Most of the ‘ways of doing’ that can be used throughout the design process, including the design of business strategies and models, fall into one of the following implementation methods:

Multi-Disciplinary Collaboration

Designers find value and inspiration in diverse perspectives and skills. Not only does this enable them to harness the wisdom of the team across functions and disciplines, it will accelerate progress by tapping into the team’s intuition and creative energy and establish a broad base of ownership that will give the outcomes traction.

Important mindsets for collaboration include openness, empathy and adjustment. Intrinsic motivation and optimism will also help you get past the rough patches in the collaborative process.

Understanding and Need-Finding

This is all about seeking to understand people’s motivations on a deeper level, both inside and outside the enterprise, leading to the discovery of unmet needs and new opportunities to create greater value.

There are many examples where companies have leveraged user insights not considered by the competition. For example, Nike’s deep understanding of the runners’ need to push their personal athletic performance to a higher level has driven an ongoing stream of innovation in products, services, events and community development.

To get to this kind of understanding, one must draw from many of the mindsets noted earlier, including empathy, openness, mindfulness and intrinsic motivation.

Iterative Prototyping and Experimentation

Prototyping entails building out ideas in order to make the abstract and the conceptual concrete, as a tool for thinking, communicating and advancing development. This is valuable in the broadest sense: creating physical prototypes or experiences during the development process enables a team to explore multiple strategies and business models to deliver value.

Even ‘in-market prototyping’ serves as an important experiment to test out new ideas, leading to important learning and quick wins.

All of the dimensions of a design mindset are critical here, with the most essential being empathy, intrinsic motivation, adjustment (for when your great ideas get trashed by consumers) and optimism, especially when you have a breakthrough concept but are challenged in making it viable from a business standpoint.

Thinking: Building a Wholesome Mental Capacity

The value of Business Design methodologies lies in their ability to stimulate breakthrough thinking in a structured and productive manner, thereby fostering intellectual agility.

Through the practice of these methodologies, all forms of intelligence can be more fully developed and make the brain more ‘whole’ on an individual level and more synergistic on a team or enterprise level. Following are six thinking skills that serve as important boosters in the value creation process.



Emotional Intelligence

Building on the empathy mindset, this entails more than just an attitude toward others and appreciation for their thoughts and feelings; it’s about knowing how to fully leverage the power of emotions throughout the entire design process.

It is a thinking skill focused on identifying, assessing and controlling the emotions of one’s self, of others and of groups. A masterful Business Designer applies emotional intelligence to every step of development and execution, to one’s self (in terms of awareness and management of one’s own emotions), the team (in understanding and managing the dynamics of productive teams), and the market place at large (in terms of ‘social intelligence’ – the awareness of and consideration of contextual human dynamics).

Systems Thinking

In Business Design, it is important to recognize virtually everything as part of a broader ‘ecosystem’of human systems, solution systems and business systems.

Enhanced through the process of mapping, a competent Business Designer has the capacity to think holistically and integratively and understand how people, solutions components and activities relate to and influence one another within a broader context.

Visualization

This form of thinking involves envisioning and communicating at every step of the design process. This includes the ability to see the end result as a concrete and complete picture: to see the complete solution played out in its most robust form, to see the way the business will work with all of the necessary partners and enterprise systems and even to see success in the market and the potential paradigm shift that a breakthrough can trigger.

The methodologies described in the doing section help stimulate this type of thinking through persona development, rapid prototyping, business model design and storytelling.

All of these bring ideas to life and lead to a more natural inclination to envision new possibilities. This kind of ‘destination thinking’ can also help bring teams into alignment.

Abductive Reasoning

Tapping into one’s imagination and believing that the seemingly impossible is actually quite possible requires a form of logic called ‘abductive reasoning’.

New-to-the-world ideas are difficult, if not impossible, to prove. The ability to believe in possibilities requires a combination of thinking skills, one of which is the ability to process many points of reference and make an intelligent ‘leap of logic’in making the case that there’s a great chance that an original idea could prove to be successful.

There are a number of examples in game-changing successes in which the organization
didn’t constrain itself to existing solution sets or models, but instead pursued what could be.

FedEx, eBay, Google, Southwest, Tata and Grameen Bank are all examples of new-to-the-world ideas that made a breakthrough impact on culture and enterprise value creation.

Synthesis

Throughout the design process, taking many disparate bits and pieces and transforming them into a new thought or solution is critical to new value creation. This is an essential notion in Business Design – the identification of an unmet (and often unarticulated) need.

It is also essential in creating new solutions which may draw upon a number of existing elements reconfigured in a new way or the design of new strategic models inspired by many different existing models in the pursuit to create an entirely new configuration.

Intuition

This entails more than just using gut feel to guide development. Rather, it is a very important and developable thinking skill that involves gathering, articulating and evaluating one’s own intuition and that of others.

By recognizing the value of intuition, being able to effectively deconstruct it and extract valuable data, one can capitalize on the wealth of wisdom within a team. Leveraging intuition also requires elements of the design mindset, most notably openness, empathy and mindfulness.

Closing

The practice of Business Design entails much more than design thinking. Different types of thinking are activated throughout the process on both an individual and a group basis.

Business Design calls for bilateral thinking and adaptive doing, enabling a constant toggling between a variety of ways of thinking and doing. Such agility is essential for innovation and becomes even more powerful if you are able to rewire your brain to be bilateral throughout the process.

M. Isi Eromosele is the President | Chief Executive Officer | Executive Creative Director of Oseme Group - Oseme Creative | Oseme Consulting | Oseme Finance
Copyright Control © 2013 Oseme Group
Business Design

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Leveraging New and Innovative Business Design Processes

by Oseme Group | 0 comments

By M. Isi Eromosele

Globalization and technology innovation are giving rise to an unprecedented level of competition while creating extraordinary opportunities for companies to differentiate themselves. In today’s globally, intensively interconnected business environment, a major challenge faced by business organizations is how to maximize shareholder value and sustain growth, while at the same time creating economic value for all.

An organization’s business applications and technology infrastructure form the foundation upon which a company can implement innovative, market differentiating business processes. For many companies, growth depends on innovation. While product, service and operational innovations are important, innovation must also be applied to a company’s core – the way it does business and drives revenue.

Business model innovations are vital to creating new and differentiating values for companies. Companies that can substantially change how they add value to their own or other industries can differentiate themselves and gain competitive advantage. 

Business Model Innovation

With intensified competition, rising customer expectations and globalization affecting the way companies do business, fundamental business changes are necessary. Business model innovation is the answer. The way a company does business is an important differentiator because such innovations cannot be imitated or commoditized the way product and services innovations can be copied. The competitive advantage continuous business innovations offer results in more long-term durability.

Business model innovation is a way to preempt competitive threats from industry and non-industry competitors. Companies should strive to be the ones driving change within their industries, instead of being a follower. Business model innovation is really a natural evolution, since change is inevitable, since a business model will eventually run its course.

Competitive Strategy Evolution

Over the past several years, competitive strategy has been evolving from one that is a zero-sum game where one competitor gains an advantage at the expense of another, to one that is collaborative, where joint effort creates more economic values for all involved.

In competing for global markets, traditional competitive strategy stressed positioning in well-defined matured markets, striving to build market share. The new competitive strategy calls for pre-positioning in emerging markets and co-developing these markets with others, including competitors. With this new paradigm, companies compete not to maximize market share, but to maximize value.

Business leaders are now realizing that a company cannot drive industry and market altering changes alone. Many companies, including major industry titans are forging strategic alliances, combining their expertise with the specialized knowledge of carefully chosen partners.

In competing for market share with new products, traditional competitive strategy employ a closed business model by which companies compete by spending incredible amount of funds on research and development. Today, an increasing number of companies are adopting the open business model by which they share expertise with their peers or competitors, jointly developing products.

Within their companies, business leaders are affecting major organizational changes, eliminating divisional boundaries and leveraging shared services across the enterprise. They are pursing new business opportunities, new competencies and new alliances, creating values not only for their companies, but for their industries as well.

These companies are implementing innovations proactively, resulting in business designs that truly differentiating. This enables them to be better equipped to efficiently respond to market changes and internal operational demands. Additionally, forging collaborative partnerships are enabling them to lower their operating costs, while providing opportunities for increased revenue generation.

M. Isi Eromosele is the President | Chief Executive Officer | Executive Creative Director of Oseme Group - Oseme Creative | Oseme Consulting | Oseme Finance
Copyright Control © 2012 Oseme Group

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Designing Strategic Business Units

by Oseme Group | 0 comments

By M. Isi Eromosele

The business unit in a corporation is comprised of one or more products with a common market segment, whose manager is charged with the responsibility of devising and implementing business strategies to counter recognized competitors.

The thinking behind the concept of strategic business units is that multi-product corporations are to be managed as a portfolio of businesses units, with each one serving a clearly defined market segment with a specific strategy.

Each business unit in the corporate portfolio should develop a strategy adapted to its capabilities and resources, but consistent with the overall strategy of the corporation.

The total portfolio of businesses is run by allotting it the capital and resources it needs to accomplish the business goals of the entire company, with a manageable level of risk.

Fundamentally, the portfolio is designed and managed within the scope of overall corporate strategy.

During the past twenty years, several corporate structural designs have been tried and rejected. All areas of a corporation (product development, finance, marketing, sales and customer support) are functionally interdependent.

Optimizing certain functions over others has proved ineffective for achieving optimal corporate performance. Subsequently, the profit center concept was tried. This failed because its focus was only on short-term outcomes.

The Strategic Business Unit concept was developed to remedy the failed profit center one. This design requires that in the integration of a corporation’s products and marketing strategies, Strategic Business Units should be identified or created within the corporation.

A Strategic Business Unit is composed of product lines that have a high level of autonomy to develop and implement strategies concerning prices, product development, product style and quality as well as dealing with direct competitors. The strategy for each business unit should be designed around this arrangement.

Strategic Business Units can be established through the application of business criteria such as product scope, market segments, product pricing, competitors and customer segments. A Strategic Business Unit may share the same criteria as other ones within the corporation on such issues as marketing and competitors.

When this occurs, two Strategic Business Units may be consolidated for the purpose of planning and budgeting. Additionally, products and markets within different areas of the corporation that share resources in product research and development, manufacturing and marketing may be included in the same strategic Business Unit for planning purposes.

In general, a Strategic Business Unit needs to be created where it would administratively have the liberty to tackle issues such as customer segmentation, positive and value differentiation from its competitors, establishing and sustaining competitive advantage.

The best level of Strategic Business Unit aggregation within a corporation can be achieved by granular refinement that enables the unit to operate like a freestanding business with the following circumstances:

  • Possess an exceptional business assignment, different from that of other Strategic Business Units
  • Have a clearly set of identified competitors
  • Capable of developing strategic planning, independent of other Strategic Business Units
  • Able to manage resources in other areas
  • Competent enough to serve as a valuable focus for resource allotment

A Strategic Business Unit should be given the capability to compete in the market with the full support of its parent corporation.

M. Isi Eromosele is the President | Chief Executive Officer | Creative Director of Oseme Group - Oseme Creative | Oseme Consulting | Oseme Finance

Business Design

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Strategic Planning Design

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By M. Isi Eromosele

Strategy states guidance. The goal is to sway the actions of competitors and the developments in the marketplace to the advantage of a company. As such, a company’s strategy statement should include an explanation of the new competitive environment that would be created by the company’s when the new strategy is implemented, the changed relationships that will be engendered and the reason for the action.

The design of strategic planning communicates the methods of implementing stated actions. A well designed strategic plan states the order and schedule of when activities will be implemented that will change the competitive landscape for the company.

The strategy and designing the strategy plan are two divergent things. In theory, the strategy could be exceptional, but the order and scheduling for the activities within the plan may be out of synch. This would result in the implementation of a valueless plan.

Designing a strategic plan considers the relationship a company has with its marketplace environment. Theoretically, the company observes its marketplace environment, includes the changes observed within the environment into its decision making and then designs new strategies as counter points.

A well designed strategic plan identifies a company’s business objectives and develops appropriate plans to implement them. The following actions should also be taken to corroborate the strategy plan:

  • The company is modeled into pertinent business units that will serve specific markets and segmented customers, while identifying competitors and other external obstacles to the company. These business units are allocated specific functions within the corporate plan and are considered to be semi-autonomous administratively.
  • Each unit is expected to conduct intensive research that would result in the development of new products that would enhance their competitive advantage in their respective markets. The company offers strong corporate support to its business units by providing them with relevant data that helps them to advance their respective business agendas.
  • Corporate level develops the capability to assess competitive requests form the respective business units within the corporate umbrella. These assessments are conducted wholesomely based on the scale of risk and reward
  • The company matches short-term business objectives for the business units with the long-term future corporate objectives of the company

If a company aspires to become a leading force in its market, its philosophy, its management style and focus will need to change. The medium for that change is the design of a strong strategic plan that employs elements of business design concepts.

When companies envision ways to improve their operations through the design of a strong strategic plan, they need to decide on what kind of performing company they want to be. The expression of such a key and straightforward business goal gives the company a sense of direction with a structural point of reference.

Setting of goals and assessing its mix of business units is simply the first part to be considered in designing a strategic plan. The plan would need to be designed with specific goals towards making its tenets a new way of life within the company.

The design of a business strategic plan is affected by many external events outside the confines of a company. These include worldwide economic forces, strong global competition, government regulations, the money markets and consumer purchasing behaviors, among others.

Companies need to adapt their corporate decisions to the ever changing events within their marketplaces in odder to be successful in achieving their long-term business objectives.

M. Isi Eromosele is the President | Chief Executive Officer | Executive Creative Director of Oseme Group - Oseme Creative | Oseme Consulting | Oseme Finance

Copyright Control © 2011 Oseme Group

Business Design

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Business Strategy Design

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By M. Isi Eromosele

Every organization requires strategy. Strategy in a company is a precise model statement of main business goals and the necessary policies and plans that will be implemented to achieve those objectives. It is declared in a way that affirms what the company is and what it wants to be in the future.

In the constantly changing business environment of today, creating a specific business strategy statement is the key to success. It gives a blueprint that is an overall guide for the future development of the company. Strategy unifies the employees of the organization by giving them a sense of direction that they can connect with.

Without a business strategy, corporate decisions will be made in a vacuum, without regard to other interconnected decisions. Such decisions would lead the company in a defective direction with no clear sense of what the outcome is.

Strategy guides the implementation of business concepts that is expected to result in a positive outcome for the company. Additionally, embedded in the strategy would be ways to adapt to unexpected changes in the business and marketplace environments.

There are two levels of strategy: corporate strategy and business strategy.

Corporate strategy looks for structural ways to combine the various business units of a company, so they can all work toward achieving a common business objective. Here, the focal point of strategy is to describe the setup of the various business units that will form the company as a whole.

Business strategy deals with creating a plan for the efficient development and production of a group of related products. It defines how the company can establish competitive advantage over its competitors in the marketplace.

Generally, the majority of strategic decisions take place at the business unit level, where advanced technology applications and process methods are used to analyze the business. Additionally, other connected areas such as market share forecasts, competitor analysis, government regulations compliance and consumer purchase behavior are studied.

Marketing makes an essential contribution to the development of strategy within many companies. This is because it is usually the business unit that has the highest degree of direct contact with a company’s customers as well as the outside marketplace environment.

The marketplace environment is one that a company does not have any control over. As such, marketing plays a key strategic role in formulating synchronization between a company and its target audience in its marketplace. It searches for answers as to how a company’s challenges in choosing its markets, staying competitive in those markets, product development, product pricing, product/services promotion, distribution approach to serve its markets and establishing customer relationships that will result in increased market share.

In helping to develop business strategy, marketing speaks in two contexts: present and future. The present context relates to the company’s business relationship with its customers and marketplace. The future context deals with designing plans that will engender improvements in relationships with the company’s customers and marketplace through the implementation of specific marketing activities.

While many companies may have recognizable existing strategic viewpoints, most do not have a precise strategy for unexpected changes in the future. This needs to change. There is a need for the development of correct viewpoints of the future that relates to the current corporate activities of the present.

M. Isi Eromosele is the President | Chief Executive Officer | Executive Creative Director of Oseme Group - Oseme Creative | Oseme Consulting | Oseme Finance

Copyright Control © 2011 Oseme Group

Business Design

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Strategic Business Design

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By M. Isi Eromosele

Strategic Business Design engenders organizational capabilities - the distinctive ways in which an organization’s work processes are arranged and how its employees are motivated to attain specific strategic business objectives.

These capabilities are a combination of primary competencies, innovation, product development and customer relationship management, among others. The key for any organization is to nourish and adjust these competencies to accomplish long-term strategic objectives.

The principal tenet behind business design is to use concepts, design principles and business innovation to design an organization that will operate in ways that will release and make the most of its staff’s core competencies.

Business design is a very important instrument for reshaping the total look and sense of an organization. This will impact the organizational architecture of the firm. In implementing this, the firm’s structure, capabilities and performance will shape the universal outline of organizational architecture. Strategic business design then presents the particular elements of how work processes will be arranged and managed.

Business Design is a never ending process that needs to be retooled to align with dynamic changes that occur in an organization’s competitive environment. There is a global perspective to the concept of business design. Universally, it is one of the most powerful tools for affecting organizational change in an organization

  • Business Design facilitates performance change configurations in a considerable way. This involves moving resources to facilitate efficiency and realigning strategic focus to areas that offer better potential for expansion
  • Business Design highlights specific organizational matters that needs the attention of top management
  • Business Design offers every employee in the firm the chance to be part of the process of change. It provides a sure indication of the advent of a new organizational structure that ushers in innovative methods of accomplishing tasks
  • Business Design changes an organization’s culture. It causes changes in systems, processes and practices, promotes employee competencies, realigns how the organization’s resources are utilized and how employees are rewarded for great performance

The overall result of implementing a business design program is that it becomes the focal point in the life of an organization.

To execute a flawless business design program, an organization needs to use a complete and stable approach that acknowledges human dynamics, strategic demands and technology underpinnings necessary to accomplish the task at hand. The basic components of this approach are:

  • Make business design a necessary and continuing part of the organization’s processes
  • Have a general vision for the firm, embedded within a strategic plan with a transparent series of business objectives
  • As decisions are being made within an organization, two features of business design must be applied to the process: competency level required to accomplish the goal and its impact on individuals, staff inter-personal relationships and dynamics inside the firm
  • Set the ultimate goal of business design as the establishment of a new innovative organizational architecture that will facilitate excellence in performance by utilizing the concentration of strengths within the firm

An organization should choose a model that places the function of business design in a larger organizational framework.

M. Isi Eromosele is the President | Chief Executive Officer | Executive Creative Director of Oseme Group - Oseme Creative | Oseme Consulting | Oseme Finance

Copyright Control © 2011 Oseme Group

Business Design

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The Science Of Business Design

by Oseme Group | 0 comments

By M. Isi Eromosele

Business Design enables your organization to pursue operational excellence, promote internal collaboration necessary for innovation and support making the customer a center of attention. It engenders an organizational design that blends a combination of art and science with structural fundamentals of business value.

As such, business design, with organizational design as an underpinning assists your business in accomplishing its business goals and strategic objectives. It is made up of components that propel business strategy, which is then indicated in employees’ competent capabilities to achieve the set business goals of your organization. Organizational design should be built on the premise that a firm is an interwoven collection of business units that interrelate with one another to produce results that match the corporate business goals.

A Business Design Appraisal Model helps to recognize and analyze the competent level of the interaction between the business units and how successful they are in utilizing key drivers to achieve excellence in performance. These drivers are organization structure, work processes, employee relations and technology underpinning, among others.

The level of synchronization that exists between the above drivers plays a crucial role in your organization’s ability to deliver results that match your strategic objectives. This entire process is continually influenced by external environmental and market events that necessitate occasional reevaluation of strategy applications.

In order to determine which business design model should be applied; a thorough organizational appraisal is carried out. This involves the collection of necessary data, conducting workshops and interviewing of key employees. This will enable the discovery of key organizational bottlenecks and the underlying cause of lagging performance within your organization. This appraisal results in a better understanding of your organizational structure, business processes, competencies, decision making processes and employee performance criteria.

A successful business design implementation creates an influential tool that engenders a strong competitive advantage for your organization. The resources to performance efficiencies within your organization can be greatly boosted by the alignment of organizational design with your business strategy. Other benefits include the following:

  • Enhanced Business Strategy - When organization design is synchronized with your company’s business strategy, this synergy produces high operational efficiencies and enhanced improvements in business performance, facilitating achievements in strategic goals. The appropriate implementation of business design provides your company with the right structure to effectively meet your customers’ demands, creating shareholder value through increased profits.
  • Increased Value - By engendering increased profits, implementing business design increases a company’s business value. Its brand equity increases, its reputation is enhanced, quality improvements results in better customer satisfaction and its growth possibilities are elevated. Internally, decision making is smoother and faster, resources are better utilized, resulting in more efficiency and employee productivity is increased.
  • Enhanced Corporate - Performance - The right structural organization facilitates your organization’s ability to improve its corporate performance through the taking away of impediments that hamper smooth process management and effective business communications between the business units. Managers are empowered to make decisions while being provided with the right needed resources to accomplish their assigned goals. This provides the company with the capabilities to be more agile in responding to changes in its marketplace.
  • Elevate Staff Effectiveness - Elements of business design can be utilized to reevaluate job functions and establish new and innovative ways to accomplish tasks, engendering an environment that freely permits collaborative creativity. The result is a more inspired staff, who are consistently encouraged to perform at the level of excellence.

M. Isi Eromosele is the President | Chief Executive Officer | Executive Creative Director of Oseme Group - Oseme Creative | Oseme Consulting | Oseme Finance

Copyright Control © 2011 Oseme Group

Business Design

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The Value Of Business Design

by Oseme Group | 0 comments

By M. Isi Eromosele
The American economy is now a design economy, the replacement of the technology replacement economy. In this transformed economy, there is a need for businesses to operate with the creativity and innovation inherent in a design house. This would enable them to produce products and services that are elegant, classic and refined. It is important for business leaders and managers to understand that in today's global economy, stylish designs have become a critical competitive advantage. Incremental development will not engender the desired business results.

Business needs design. The implementation of business design applies creativity and business basics to improve the architecture of your enterprise's functional processes. Utilizing a user-centered approach, business design specialists can analyze your company's corporate structure and processes. Using customized perspective and design inspiration, a visual business model of how your company will look like in the future is created.

The goal is to deliver actionable strategies. The result is a new business blueprint created to innovate and solve new corporate challenges. The business design process is creative innovation turned toward an entirely new pattern of business problems: the fundamental challenges inherent in today's dynamic global economy.

Business Design is perhaps the most important critical factor in the achievement of your company's business objectives. Strategic and tactical excellence is only attainable with the appropriate business design concepts to carry out your stated business goals. Business Design implementation provides the customized business blueprints that would enable the success of your corporate strategic plans.

It is imperative that business leaders comprehend the significant role design plays on the performance of their business operations. A business design implementation will be based upon goals and strategies that will let managers obtain the high level of performance they wish, contributing to a favorable return on investment. The leveraging of a good business design implementation has measurable business benefits. Great business design can have tremendous influence on the success of your company's entire interconnected operations, as follows:

  • Improved business design and analysis result in more elegant and modular technology systems - less to build, less maintenance
  • Competently designed processes result in less errors, exceptional customer service and reduced costs when developing new products
  • You get to know which of your corporate business processes need to be updated and where to focus your time and resources
  • Your employees will have a more profound understanding of their inter-functional roles, resulting in better alignment of human capital, increasing corporate productivity

Traditional organizations need to reinvent themselves in the way they structure their business operations. In the new design driven economic world, there are no fixed permanent roles. Instead, work flows in an interactive multi-functional way where employees arrange their multi-faceted responsibilities around projects. This generates more efficient operations.

Being influenced by design allows a company to better understand their customers through the implementation of design influenced customer experience systems. A company can reinvent itself to deliver outstanding customer experience that would engender customer loyalty. In adopting a design based strategy, a company can create excellent results in what is called fast prototyping of new products. Traditional companies would not release a new product into the market until they feel it is one hundred percent correct.

A design influenced company would be more daring, releasing the product when it is just right and make further adjustments partially based on customer feedback. Business design requires flexibility in thinking and doing. Instead of acting on what is certain, business design based thinking make a stake on what is likely to be a success. Apple is a company that operates like a design shop. Their success in product design and effective marketing is evidence to the efficacy of business design.

Business design thinking is the wave of the future. This means blending analytical thinking with horizontal thinking that is experimental, intuitive and innovative. Business Design seeks to integrate precision, feasibility and relevance with creative and visual intuitiveness in driving business success factors. The objective is to create a new generation of forward thinking companies that would thrive as the global economy goes through another generational transformation.

M. Isi Eromosele is the President | Chief Executive Officer | Executive Creative Director of Oseme Group - Oseme Creative | Oseme Consulting | Oseme Finance

Copyright Control © 2011 Oseme Group

Business Design

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Business Design For Global Finance Operations

by Oseme Group | 0 comments

By M. Isi Eromosele

Today’s global customers’ broader, complex and fast changing needs are compelling financial institutions to consistently adjust how they provide their services. This is especially true for investment services where customers are increasingly demanding access to a broad range of investment products and services, underpinned by strong integrated investment advisory and portfolio management services.

Additionally, these institutions are facing ever more stricter and demanding regulatory compliance laws and intensified cost pressures that would require them to redesign their investment execution and operations which is an imperative to being able to efficiently offer integrated investment advice and management services.

The key to a class leading investment advice, execution and operations is a clear and flexible business design enabled by compelling and highly customized strategy underpinned by state-of-the-art technology as offered by Oseme Group’s Business Design Team. This offering will enable financial institutions to efficiently meet the ever escalating demands of their global customers, such as:

  • Order management integrated with front and back end systems
  • Seamless interfacing of all internal and external data applications
  • Real time interfacing enablement of brokers, markets and trading systems
  • Real time portfolio valuations
  • Integrated investment and trade management functionalities

Today, many financial institutions attempt to provide the above services with an assorted range of applications that impose additional technical and operational burdens on them, reducing efficiency, productivity and ultimately resulting in high operational costs as well as long and costly time-to-market for new financial products and services.

Speed and quality are key factors in today’s global finance operations. Financial institutions are expected to be able to react swiftly to ever changing market environments even as they invest in diverse financial instruments. Under these conditions, investment advisors need absolute control over the orders they place for their clients. Traders need tools which would help them handle the incoming flood of orders. Third party applications and back office systems must be seamlessly integrated and synchronized to be fed without errors.

The Oseme Business Design For Global Finance will enable you to achieve cost savings by reducing transaction costs, resource use and exception handling. At the same time, it will ensure, it will enforce high standards in data quality. Through the reduction in administrative workloads, the front office personnel are able to better focus on relationship management and acquisition. This is the foundation for the improvement and consolidation for your financial institution’s business.

Implementation Highlights

  • Ergonomic order entry and order execution frames will be implemented to provide all necessary information on screen, enabling ultra fast order processing
  • The definition of several strategies and various regulatory and client restrictions, which enables efficient rebalancing of all or selected portfolios
  • Comprehensive and professional compliance and control, automatic rebalancing, reporting and risk management functions
  • Automated compliance and control workflow, which performs pre- and post-trade validations and provides various reports and overviews
  • Real-time settlement of orders through the intelligent integration of the back office system
  • Transparent investment control through risk management functionality such as: duration definition and control, investment fund decomposition, market exposure calculation for basket and derivative instruments, hedging proposals and portfolio analysis

The Oseme Business Design For Global Finance is a modular solution where implementation of the different modules is based on your specific needs. This flexible approach allows you to integrate additional functions and modules with little effort.

M. Isi Eromosele is the President | Chief Executive Officer | Executive Creative Director of Oseme Group - Oseme Creative | Oseme Consulting | Oseme Finance

Copyright Control © 2011 Oseme Group

Business Design

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Social Business Design

by Oseme Group | 0 comments

By M. Isi Eromosele

Social Business Design is the intentional creation of dynamic and socially calibrated systems, processes and cultures with a company. The goal is to vastly improve value exchange among constitutions within the corporate entity. Through Social Business Design, a company can re-envision their inherent architecture, preparing them to meet future operational and market challenges as well as the opportunities that future market trends could present.

The ever-increasing overlap between consumer and enterprise technologies has opened up great opportunities for businesses to evolve, further spurring the pace of change. Social Business Design can be applied to three key business practice areas: customer participation | workforce collaboration | business partner optimization. Companies that adapt to the Social Business Design framework, which involves redesigning their process nodes, hubs, staff constituents, connections and signals will be more highly distributed, collaborative, agile and better positioned to succeed.

Trends in technology, society and the workplace are changing the way global business is conducted and there needs to be a rethink of how organizations are structured to take advantage of emerging business and market trends, even as they overcome associated challenges. Social Business Design is a holistic, comprehensive business architecture that facilitates an organization’s ability to improve value exchange within internal constituents as well as their external customers. Social business design turns isolated business silos into dynamic and socially calibrated work environments. Social business design provides insight to help measure and manage various areas of a company in order to produce improved and emergent productivity outcomes.

Addressing a business as a series of interconnected, yet independent nodes is key to an effective business design implementation. The traditional pyramid shaped organizational chart should not be flattened. It should be deconstructed to resemble an interconnected network instead. Precision is critical; it is not about getting everyone connected, it’s about getting the right groups connected in the right way.

Employees will now approach work with a social and collaborative mindset; customers expect and get participation and engagement; suppliers anticipate optimized and efficient processes toward common business goals. The level of collective awareness, engagement and participation is measured with focus on subjective perceptions. Analytics can include surveys, interviews, text analysis and so on. The goal is to gain insight into constituent attitudes towards the value they get from participating versus thee potential for trust issues and conflicts that they perceive.

With Social Business Design, communication becomes an integral part of how workstreams relate to one another, allowing decisions to be made with fresher information. Businesses progress faster towards strategic goals, under the assumption that all activities are on a “need to know” basis and anyone and everyone needs to know all the time.

Social business affords companies the opportunity to engage with customers in ways that traditional one-way communication cannot support. With the ever-increasing adoption of smartphones and other mobile devices, consumers now carry powerful, networked devices everywhere. This constant connectivity drives the expectation of an always on, always available interaction with companies. With countless brands now participating on social networks such as Twitter and Facebook, consumers have come to expect, if not demand that companies make themselves available for multi-directional communications.

The above changes present enormous opportunities for brands to harness customer participation to drive value in multiple ways. However, when internal company interactions are not interconnected, this increased customer communication results in disparate threads of dialog, instead of a holistic, meaningful conversation with measurable and actionable results. Social Business Design provides a framework to help companies create value from customer participation.

M. Isi Eromosele is the President | Chief Executive Officer | Executive Creative Director of Oseme Group - Oseme Creative | Oseme Consulting | Oseme Finance

Copyright Control © 2011 Oseme Group

Business Design

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Oseme Creative

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Oseme Creative

Dedicated to creating agile solutions to complex design problems, we collaborate with business leaders, corporate organizations and emerging companies to deploy brand experiences that build awareness, visibility and effective market positioning. By braving new frontiers, we create bold and effective campaigns for our global clients. We look forward to doing the same for you.

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