Tag: agility

For many years, the South African banking sector has strived to comply with international financial regulations, such as Basel II and its successors, in order to ensure cost effective access to global markets. With its focus on proving the accuracy of risk measures, Basel drove the adoption of data management principles within South Africa’s major banks, but with a risk focus.

Traditional South African banks, and their associated dated computer systems, were not designed for the breadth of operations required in modern banking and are rapidly falling off the pace of current banking demands.  Each advance in services offering, such as when customers started to use ATMs, demanded a wider range of features.

With a personal affinity for change management borne out of transformative events in my life, I have witnessed its power to shape attitudes, behaviours, and thinking. In the fast-paced world of business, change management emerges as the transformative force that ignites the mind, heart, and soul of organisations.

Enterprise Resource Planning (ERP) software has seen rapid growth in recent years following the COVID-19 pandemic. Even though it can be deployed quickly, ERP systems are complex and require significant computing resources, which can be expensive to acquire and maintain in-house.

It was former Colorado football coach Bill McCartney who said, “all coaching is, is taking a player where he can’t take himself.” And McCartney would know. In his 13-year tenure, he won just shy of 100 games, three Big 8s and a National Championship, earning him a well-deserved place in the Colorado Sports Hall of Fame.  Yet, within an organisational or business context, how can coaching take people where they are unable to go on their own?

Business leaders are facing an increasingly disruptive business environment, driven by supply chain constraints, critical skills shortages, hyperinflation, slowing economic growth, and persistent energy challenges, to name a few.

There is no greater threat to South African businesses than load shedding. It is that simple and that stark. It touches every aspect of us as a nation, as a people and as industries attempting to stabilise and grow the country. It is the most disruptive challenge of our generation.

Imagine that you’re updating your CV or LinkedIn profile. When listing your skills, would you be able to state that you are ‘proficient in the use of ChatGPT3’? This revolutionary Artificial Intelligence (AI) tool was launched in November 2022, so knowledge workers have had several months to teach themselves to use it, and to understand its many capabilities and limitations. 

Africa’s CEOs are looking at new ways to generate revenue and are investing in new skills. Africa’s CEOs tell us how they are navigating today’s workplace challenges and building a more resilient and adaptable workforce. The African continent is a hub of economic activity with a growing business sector that is increasingly becoming globally competitive.

With digital transformation and rapid advances in technology meaning change in the market is swift and constant, businesses must keep up, or face being left behind. Agility is the key to business success and the healthcare industry is no exception.