THE
ENTREPRENEUR
Entrepreneurs want to change the status quo. They are by nature
agents of change. They see things as they could be, not as
they are now. Their passion is to create a vision of the future
and make it happen because others haven't seen it and aren't
doing it.
They
recognise that revenues, profit, and corporate growth flow
from customer demands for products and services that others
are not providing. Their talent lies in their ability to see
opportunities to do this, and their courage to take calculated
risks to achieve success.
If
you want to succeed in launching an e-business you will first
need to think like an entrepreneur. You will at the very least
need to:
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Thoroughly
research your market |
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Accurately
identify customers' needs |
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Analyse
the competition |
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Spot
the future trends |
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Create
the product/service which satisfies the growing demands |
Expect
to have inadequate information, to receive conflicting messages,
and to meet internal resistance.
Your
organisation runs on known facts, accurate predictions, and
highly developed working practices to optimise short term
returns.
Championing an e-business requires challenging every area
of corporate belief and culture to create the longer term
returns. Whilst others around you are working in the business
you are working on the business, and what's more working on
the long-term business without any guarantees of quick success.
You
must allow the entrepreneur within you to over-rule all your
natural instincts for a safe, calculated outcome, which will
guarantee you the personal recognition which has become the
major arbiter of your success to date.
You
need space. You need to be apart from the daily business.
You need the permission to experiment, to try, to fail and
to find the e-business opportunity which will overtake your
competitors.
To
do this you will need technical insights.
THE
TECHNICIAN
To launch an e-business you need to understand your business
as never before-totally. You will quickly need to educate
yourself in:
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Your
organisation's products/services |
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Its
manufacturing processes |
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Its
distribution channels |
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Supply
chain management/logistics |
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Marketing
and sales processes |
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Inventory
control/management |
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Quality
controls |
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Pricing
models |
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I.T.
systems and their capabilities |
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H.R.
policies/procedures and their applications |
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Procurement
strategies |
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Management
of suppliers |
Use
this fact-find to understand every aspect of the business
which is key to its success.
You
are about to re-engineer the business, or parts of it, into
an e-business. You'd better know where you are starting from!
Your
technician role is not just about you understanding your business
it is about identifying whom you need to put around you when
you scope and implement your e-business project.
Use
your fact-finding phase as a technician not only to learn
afresh about the business but also about the people in it!
You will need to rely heavily on their knowledge and expertise
in managing the launch of your e-business. Become an expert
on identifying people's strengths and weaknesses. Consult
with them and embrace their ideas.
THE
MANAGER
The entrepreneur creates the vision; the technician roots
it in reality; the manager makes the future happen.
You
will need a clearly defined management role and the authority
to carry it out. Don't settle for a vague title or a loose
brief. Make sure you agree your success measures with your
internal customer. Hammer out exactly what the expectations
are and how your performance will be assessed. You owe it
to yourself and your organisation!
When
it comes to managing the launch of the e-business, you will
therefore need to have clear success criteria, measurable
objectives and defined time-frames. You will need to ensure
a fit of the new business to the overall existing vision,
objectives and strategies of the core business. They must
be complementary.
...READ ON
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At
this stage become a consultant to yourself. Ask yourself-"Am
I clear on and am I convinced by the business case for this
new initiative?" Play devil's advocate with yourself. Have
others critique your objectives, strategy and plans. Involve
your customers. Involve your suppliers. Involve external consultants.
Involve your network!
But,
as a result, be sure that you can sell a credible business case
for your e-business internally. If you can't sell it to yourself,
you wont be able to sell it convincingly to others. You must
be convinced that it is achievable and you must have the motivation
to see the toughest part through.
What
is the toughest part? Managing the I.T./H.R. paradox.
By
now you will have realised that you are in the midst of two
warring parties-the I.T. specialists who believe that e-businesses
need to be I.T. driven, and the H.R. specialists who believe
that they need to be H.R. driven.
How
has this fight for the upper-hand come about?
It
has long been recognised that INTELLECTUAL
CAPITAL
and KNOWLEDGE MANAGEMENT are the keys to success in e-business.
This involves information flows, and information flows require
systems and people.
If
you sit in the I.T. 'camp' you believe that these flows are
generated primarily by I.T. If you sit in the H.R. 'camp' you
believe they are generated primarily by people. Between these
two specialist views sit the views of the different functional
heads, all with their own ideas, motivations and capacity to
sit on the fence!
The
truth is that to make an e-business work you need to create
NEW SYSTEMS and NEW PEOPLE both of which are in
harmony.
Getting
your people to be skilled in using the new systems is one thing;
getting them to be effective within new structures, and in a
new market-place, is quite another.
E-business
puts your products and services in front of potential customers
and users more quickly and effectively than possibly any other
medium. However the paradox is that your customers, having absorbed
much of the essential information for themselves often expect
a much higher level of advice than before from your people before
completing their purchase.
I.T.
can make it extremely easy for customers to effect simple transactions
but when they require more information and insights then your
staff need a high level of CONSULTATIVE SELLING and PROBLEM-SOLVING
skill. Not only must their PRODUCT KNOWLEDGE
be second to none, so must their CONSULTATION SKILLS.
I.T.
can also make it easy for your staff to work independently in
remote locations, often on their own for long periods of time.
The accompanying loneliness, potential boredom, and lack of
people interaction can result in a REMOTE and DEMOTIVATED
workforce. Their performance is monitored by equipment,
their feedback is given by numbers, and their recognition in
monetary values alone.
Their
capacity to feel involved in the business is lost, as are their
ideas, the customer information they glean, the big picture
they can put together, the competitor knowledge they acquire,
and ultimately their sense of belonging and commitment to the
business.
Finally
I.T. can generate all the necessary management information to
help you to manage and control your e-business. What it can't
do is to create sustainable long term competitive advantage.
Why? Because it can be so quickly copied. Long term competitive
advantage can only come from the CREATIVE, INNOVATIVE AND
INTELLIGENT THOUGHTS of your employees. These can be stimulated,
managed and developed by inspirational leaders and managers
within your business. People who love the product, love the
business, love the customers, and love making a difference!
This
is the true challenge in creating your e-business-how to capitalise
on the intellectual capital and the DESIRE OF PEOPLE TO WILLINGLY
USE IT.
To
meet this challenge you will need more than the ability to manage
I.T., you will need the processes and skills to engage your
people in your e-business, in a way which is exciting, refreshing
and rewarding for them.
To
successfully launch your e-business you will need to create
e-people, and that's what will provide your challenge. You will
need to tackle the following issues:
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Leading
the e-organisation |
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Managing
e-teams |
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Performance
Management in an e-world |
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Motivating
the e-workforce |
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Account
managing the e-customer |
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Career
development in an e-structure |
E-people
for your e-business-can you handle the issues alone? The chances
are that you will need help. After all you're an entrepreneur,
a technician and a manager, but possibly not an H.R. specialist-but
we are!

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