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02.2021 Life Guide

Book recommendation: "agile"

Far Eastern Group / Douglas Hsu
366J01
        By Leo M. Tilman, Charles Jacoby

        Publishing House: Benshi Publishing House

        Publication date: 22 June 2020

        A novel coronavirus pneumonia outbreak point the day and await for it to disrupt the global pace. Fortunately, the vaccine has entered the clinical trial stage smoothly, and the epidemic is beginning to dawn. The recovery period is just around the corner. Covid-19 While we are busy dealing with the virus, the development of new technology and new applications has not slowed down, and still continue to change the appearance of human life. On the other hand, geopolitics and social change are equally powerful, and the overall environment is more changeable and unpredictable. Enterprises are in an environment full of crises and opportunities. How to turn serious threats into transformation opportunities depends on the "Agility" of the organization.

        The two authors of this book own financial consultant From the perspective of risk strategy and military strategy, this paper comprehensively analyzes what "Agility" means: the organization, based on the sequential agile process, "detects" uncertainty, "evaluates" risk, deeply analyzes the current business model, finds out the breach, sniffs out the opportunity, and "responds" in a timely manner, so as to effectively use risk wisdom, decision-making and flexible execution. If an enterprise can develop an agile framework, it will be able to quickly adapt and calmly deal with the changing world situation: make clear decisions between doing and not doing; make smart decisions between risks and opportunities!

        According to the book, the first step to enhance risk intelligence is to recognize the nature of their own business. In particular, many enterprises are transforming and strengthening their business models by stepping into new fields or launching new products and services. This is bound to change the risk portfolio and affect the way of organization, management and Governance. Only by constantly evaluating the nature of their own business can they help enterprises embrace new possibilities and support enterprises to actually promote transformation. Then, the agile method is used to establish the organization's risk equation, continuously monitor the existing risks, and tap the emerging risks to create the organization's resilience. Then, through all kinds of control and authorization command, we can effectively communicate the strategic vision, integrate the allocation of resources, and use six control means including government, business, risk, organization, communication and entity to establish flexible executive power, instead of blindly pursuing flat organization. In an efficient organization, it is the duty of high-level leaders to fully grasp the pulse of science and technology, social development, political and economic situation, and systematically obtain the required information and knowledge to enhance risk intelligence; the second-level leaders and their teams will make every effort to promote the progress of practice, and build an agile team with unity of upper and lower levels through solid and coordinated cooperation.

        In the face of a rapidly changing environment, most of the time, organizations do not have enough time to respond and fully control events. Just as this year's covid-19 epidemic caught all walks of life unprepared, the war between human and virus will become a new normal, which is an important topic that we must pay attention to for a long time. When encountering this kind of chaotic situation, it is more necessary to keep aware of environmental changes. It is expected that far eastern group will become an agile team. In addition to responding to the situation and seeing the risks, it should also grasp the trends and insight into the opportunities. We should also make unremitting efforts in industrial development, invest in mental strength, accumulate knowledge, reserve combat power, and further foresee problems, advance deployment, and win the new normal!

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