{"id":604,"date":"2024-05-31T12:09:12","date_gmt":"2024-05-31T12:09:12","guid":{"rendered":"https:\/\/vidwaan.simapt.com\/cxo-blog\/?p=604"},"modified":"2024-06-05T10:33:30","modified_gmt":"2024-06-05T10:33:30","slug":"people-centric-business-a-confluence-of-infrastructure-technology-and-people","status":"publish","type":"post","link":"https:\/\/vidwaan.simapt.com\/cxo-blog\/people-centric-business-a-confluence-of-infrastructure-technology-and-people\/","title":{"rendered":"People Centric Business- A Confluence of Infrastructure, Technology and People"},"content":{"rendered":"\n<div class=\"wp-block-group is-nowrap is-layout-flex wp-container-core-group-is-layout-1 wp-block-group-is-layout-flex\">\n<p>Author: Pankaj Pipariya <\/p>\n\n\n\n<ul class=\"wp-block-social-links is-layout-flex wp-block-social-links-is-layout-flex\"><li class=\"wp-social-link wp-social-link-linkedin  wp-block-social-link\"><a href=\"https:\/\/www.linkedin.com\/in\/pips\/overlay\/about-this-profile\/\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M19.7,3H4.3C3.582,3,3,3.582,3,4.3v15.4C3,20.418,3.582,21,4.3,21h15.4c0.718,0,1.3-0.582,1.3-1.3V4.3 C21,3.582,20.418,3,19.7,3z M8.339,18.338H5.667v-8.59h2.672V18.338z M7.004,8.574c-0.857,0-1.549-0.694-1.549-1.548 c0-0.855,0.691-1.548,1.549-1.548c0.854,0,1.547,0.694,1.547,1.548C8.551,7.881,7.858,8.574,7.004,8.574z M18.339,18.338h-2.669 v-4.177c0-0.996-0.017-2.278-1.387-2.278c-1.389,0-1.601,1.086-1.601,2.206v4.249h-2.667v-8.59h2.559v1.174h0.037 c0.356-0.675,1.227-1.387,2.526-1.387c2.703,0,3.203,1.779,3.203,4.092V18.338z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">LinkedIn<\/span><\/a><\/li><\/ul>\n<\/div>\n\n\n<div class=\"wp-block-post-date\"><time datetime=\"2024-05-31T12:09:12+00:00\"><a href=\"https:\/\/vidwaan.simapt.com\/cxo-blog\/people-centric-business-a-confluence-of-infrastructure-technology-and-people\/\">May 31, 2024<\/a><\/time><\/div>\n\n\n<p>Do you know People<strong> (Employees, Customer, Investors, and Business Partners) <\/strong>generates more data points in a company than any other factor? Invasion of mobile phone has accelerated the pace of data generation. A research said, an average person looks at his\/her mobile screen more than 600 times a day. Social media has already taken world by a storm with an exponential growth of more than <strong>80% per annum.<\/strong> Internet speeds are increasing day by day, with fibre networks being made available across nooks and corner of the country. The work boundaries have melted with anytime anywhere working condition. This phenomenon is something, which is also talked in business circles under the new strategy of <strong>SMAC (Social, Mobile, Analytics and Cloud) or CAMSS (Cloud, Analytics, Social and Security).<\/strong> Indeed, this is an era of data and digitization for run business.\u00a0\u00a0<\/p>\n\n\n\n<p>A business sustainability is usually driven by following three fundamentals as illustrated in the diagram below:<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"773\" height=\"680\" src=\"https:\/\/vidwaan.simapt.com\/cxo-blog\/wp-content\/uploads\/2024\/05\/Pankaj-P-1.jpg\" alt=\"\" class=\"wp-image-608\" style=\"width:502px;height:auto\" srcset=\"https:\/\/vidwaan.simapt.com\/cxo-blog\/wp-content\/uploads\/2024\/05\/Pankaj-P-1.jpg 773w, https:\/\/vidwaan.simapt.com\/cxo-blog\/wp-content\/uploads\/2024\/05\/Pankaj-P-1-300x264.jpg 300w, https:\/\/vidwaan.simapt.com\/cxo-blog\/wp-content\/uploads\/2024\/05\/Pankaj-P-1-768x676.jpg 768w\" sizes=\"(max-width: 773px) 100vw, 773px\" \/><\/figure>\n\n\n\n<ol>\n<li><strong>Business Infrastructure:<\/strong> During the industrial revolution era, 5 M\u2019s of business management were conceptualized as: man,\u00a0materials, machines, minutes, and\u00a0money. Materials or the infrastructure has changed the perspective with the transition from manufacturing to service economy in past few decades. Generally, an investment on infrastructure is directly correlated to the business returns, but these returns are diminishing in nature. For example, if you have a business infrastructure of 10 manufacturing plants or 10 ODC\u2019s (Offshore Development Centres) and you decide to double it up. It does not mean that your business returns will get doubled up too. Hence there is a need to have an optimal level of business infrastructure and focus on improving efficiency by working on technology, systems, and processes.<\/li>\n<\/ol>\n\n\n\n<ol start=\"2\">\n<li><strong>Technology and Process:<\/strong> Ever since the evolution of wheel, mankind has been striving to improve efficiency to get work done. The same logic applies in workplace too with the advent of not only technology and processes. These processes required standardization, which gave birth to QC (Quality Circles), Six Sigma, ISO, CMM and other quality certifications. With the globalization happening, these certifications also became a hallmark to highlight the business resiliency and win global work assignments.\u00a0\u00a0<\/li>\n<\/ol>\n\n\n\n<ol start=\"3\">\n<li><strong>People:<\/strong> Other day during a project kick off meeting, my client commented, \u201cPeople like to buy from people, whatever corporate hat we wear\u201d. This statement talks about the power of relationship management in business. In my earlier article, I wrote about the trusted adviser concept.\u00a0 Hence nurturing trust is a fundamental to build relationships, which along with a proven delivery model will culminate into business agreements.\u00a0 These business agreements could be a job agreement between employee and employer, an investment agreement with investors, product or service agreement with customers or transaction agreement with business partners.\u00a0<\/li>\n<\/ol>\n\n\n\n<p>As we know, the first two factors of business, which are, <strong>business infrastructure and technology and process,<\/strong> are <strong>\u201cme too\u201d<\/strong> factors and could be replicated, but no one can clone the people factor. Hence the <strong>People Factor i<\/strong>s a critical differentiator in the business model.\u00a0\u00a0\u00a0\u00a0<\/p>\n\n\n\n<p>Thus, from a business sustainability perspective, it will be prudent to have People centric business model, supported by an optimal level business infrastructure and robust technology and processes.&nbsp;<\/p>\n\n\n\n<p>In the book, Employee First Customer Second, Mr Vineet Nayar spoke about inverting the management pyramid. This means, we need to empower our front-line employees to deliver customer delight. A similar concept is narrated in the diagram above for People Centric business, with an inverted pyramid and People being at the top. Here people need not be employees alone, but all people in the business ecosystem, like customers, investors, and business partners.<\/p>\n\n\n\n<p>Every interaction with people in <strong>macroeconomic environmen<\/strong>t is an opportunity to <strong>strengthen or risk <\/strong>of weakening the people bond, it never remains the same. Thus, we need to be mindful of each touch point to create a people centric organization.<\/p>\n<div class='watch-action'><div class='watch-position align-left'><div class='action-like'><a class='lbg-style1 like-604 jlk' href='javascript:void(0)' data-task='like' data-post_id='604' data-nonce='e29bf0fa73' rel='nofollow'><img class='wti-pixel' src='https:\/\/vidwaan.simapt.com\/cxo-blog\/wp-content\/plugins\/wti-like-post\/images\/pixel.gif' title='Like' \/><span class='lc-604 lc'>0<\/span><\/a><\/div><div class='action-unlike'><a class='unlbg-style1 unlike-604 jlk' href='javascript:void(0)' data-task='unlike' data-post_id='604' data-nonce='e29bf0fa73' rel='nofollow'><img class='wti-pixel' src='https:\/\/vidwaan.simapt.com\/cxo-blog\/wp-content\/plugins\/wti-like-post\/images\/pixel.gif' title='Unlike' \/><span class='unlc-604 unlc'>0<\/span><\/a><\/div> <\/div> <div class='status-604 status align-left'><\/div><\/div><div class='wti-clear'><\/div>","protected":false},"excerpt":{"rendered":"<p>Do you know People (Employees, Customer, Investors, and Business Partners) generates more data points in a company than any other factor? Invasion of mobile phone has accelerated the pace of data generation. A research said, an average person looks at his\/her mobile screen more than 600 times a day. Social media has already taken world by a storm with an exponential growth of more than 80% per annum. Internet speeds are increasing day by day, with fibre networks being made available across nooks and corner of the country. The work boundaries have melted with anytime anywhere working condition. This phenomenon is something, which is also talked in business circles under the new strategy of SMAC (Social, Mobile, Analytics and Cloud) or CAMSS (Cloud, Analytics, Social and Security). Indeed, this is an era of data and digitization for run business.\u00a0\u00a0<\/p>\n","protected":false},"author":3,"featured_media":606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,101],"tags":[22,105,48,60,10,11,21],"_links":{"self":[{"href":"https:\/\/vidwaan.simapt.com\/cxo-blog\/wp-json\/wp\/v2\/posts\/604"}],"collection":[{"href":"https:\/\/vidwaan.simapt.com\/cxo-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vidwaan.simapt.com\/cxo-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vidwaan.simapt.com\/cxo-blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/vidwaan.simapt.com\/cxo-blog\/wp-json\/wp\/v2\/comments?post=604"}],"version-history":[{"count":3,"href":"https:\/\/vidwaan.simapt.com\/cxo-blog\/wp-json\/wp\/v2\/posts\/604\/revisions"}],"predecessor-version":[{"id":966,"href":"https:\/\/vidwaan.simapt.com\/cxo-blog\/wp-json\/wp\/v2\/posts\/604\/revisions\/966"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vidwaan.simapt.com\/cxo-blog\/wp-json\/wp\/v2\/media\/606"}],"wp:attachment":[{"href":"https:\/\/vidwaan.simapt.com\/cxo-blog\/wp-json\/wp\/v2\/media?parent=604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vidwaan.simapt.com\/cxo-blog\/wp-json\/wp\/v2\/categories?post=604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vidwaan.simapt.com\/cxo-blog\/wp-json\/wp\/v2\/tags?post=604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}