When your business is changing directions but the strategy is still up in the air, IT can be left in a lurch. This ebook looks at some of the ways to keep everyone productive while dealing with uncertainty.
From the ebook:
A company’s IT is what takes it to the top of operational and strategic efficiency, but what do you do if you’re leading IT and your company is in transition? If the transition is major, such as determining whether you need to change your brand or even your entire business model, it becomes difficult to make major investments into IT when you’re not quite sure what types of technology will be needed.
An excellent example is the grocery business.
When Amazon acquired Whole Foods for $13.7 billion last year, traditional grocery stores were put on notice that online sales competition for groceries would heighten and that Amazon was in a position to compete with brick-and-mortar “on the ground” stores.
“When Amazon assessed its ability to serve the grocery market, it saw one gaping hole,” said Jim Tompkins, supply chain and strategy expert and CEO of Tompkins International and Monarch FX. “It did not have a brick-and-mortar presence. It filled this hole with the Whole Foods acquisition and it has the ability with its supply chain, warehousing, and distribution network to serve multiple channels.”
Tompkins said, “If you’re a traditional grocery store chain and must now compete with a large online presence with formidable warehousing and logistic capabilities, you might be asking yourself how you will be able to compete with that model and those levels of resources and talent.”
That’s exactly the inflection point that major grocery chains have reached They are up against an online behemoth that now has a foothold in the brick-and-mortar world, and they have to compete with that—when many of them are still running their brick-and-mortar stores much as they did 35 years ago.