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Morphing

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Ramesh Kandadai
Ramesh Kandadai

This document discusses how businesses are shifting from an industrial economy focused on tangible assets to a knowledge economy focused on intangible human capital or "business software". It argues that businesses should view their employees' skills and organizational knowledge as appreciating assets rather than depreciating assets. The document also discusses how human capital management differs from traditional human resources development in focusing on capabilities management. Finally, it presents a model of the business as composed of hardware resources and software capabilities, and calls for managing the business software to generate value independently of specific hardware.

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Morphing – Adaptation to Emerging Economies Managing the Business Software K V Ramesh November 21, 2006 Guest Lecture to the Rotary Club, Chennai © 2006 K V Ramesh 1
Dominating Economies Across the World Return Under Developed Nations Agricultural On Economy Developing Nations Investment Developed Nations Industrial Economy Service Economy Revival Through Knowledge Genetic Economy Engineering © 2006 K V Ramesh 2
Paradigm Shift in Business Management 20th Century 21st Century Application of Tools to Materials Application of Logic to Work Industrial Economy Deploys Knowledge Economy Deploys Depreciating Assets Appreciating Assets (Plant & Machinery) (People Skills & Orgn. Knowledge) © 2006 K V Ramesh 3
Profitability Hierarchy Market Segments Customers Competency Management Concepts Order Strategy Management Design And R & D Fulfillment Knowledge Capabilities Service Capabilities Processing Capabilities Procurement Capabilities © 2006 K V Ramesh 4
Execution Skills – Project Management Creative Risks Financing & Returns Program Management Investor Measures Opportunity & Pipeline Rewards Project Project Tools Contract Employee Customer & Management Methods Capability Delivery Process Organizational Learning Strategies & Architectures © 2006 K V Ramesh 5
HRD vs. HCM  Human Capital Management is NOT same as Human Resources Development  HRD is often:  Recruitment  Development  Compensation & Benefits Administration  Performance Evaluation  Termination Processing  HRD is at times:  Skills Inventory Management  Counseling  Resource Usage Policies Management  HCM is the capabilities Management of an Organization © 2006 K V Ramesh 6
Defining Human Capital Human Capital is the Business Software (Capabilities) that rides on the Business Hardware (Resources) to Generate Value © 2006 K V Ramesh 7
A view of the Business Software Business Space Strategic Disruption Generation Management Talent Acquisition & Retention Outsourcing > Best-in-Class Development This Collection Technology Absorption Management Practice Is Delivery Intrinsic Value Business Software Perceived Value Market Management Realized Value Or Redefining Value Economic Value Capabilities Asset Utilization Value Resource Management Environmental Value Stakeholder Value © 2006 K V Ramesh 8
Towards Intrinsic Intelligence  The Business Software should be independent of the Business Hardware  Business Software becomes a Neuron  Neuron Networks generate the best value  Human body & mind is the classic neuron network driving the value generation © 2006 K V Ramesh 9
In Summary Thank You Interoperability Reliability Portability Business Software Scalability Reusability Upgradeability Manage the Business Software – Capabilities – Human Capital Build Appreciating Assets on Aligned Aspirations Platform © 2006 K V Ramesh 10

More Related Content

Morphing

  • 1. Morphing – Adaptation to Emerging Economies Managing the Business Software K V Ramesh November 21, 2006 Guest Lecture to the Rotary Club, Chennai © 2006 K V Ramesh 1
  • 2. Dominating Economies Across the World Return Under Developed Nations Agricultural On Economy Developing Nations Investment Developed Nations Industrial Economy Service Economy Revival Through Knowledge Genetic Economy Engineering © 2006 K V Ramesh 2
  • 3. Paradigm Shift in Business Management 20th Century 21st Century Application of Tools to Materials Application of Logic to Work Industrial Economy Deploys Knowledge Economy Deploys Depreciating Assets Appreciating Assets (Plant & Machinery) (People Skills & Orgn. Knowledge) © 2006 K V Ramesh 3
  • 4. Profitability Hierarchy Market Segments Customers Competency Management Concepts Order Strategy Management Design And R & D Fulfillment Knowledge Capabilities Service Capabilities Processing Capabilities Procurement Capabilities © 2006 K V Ramesh 4
  • 5. Execution Skills – Project Management Creative Risks Financing & Returns Program Management Investor Measures Opportunity & Pipeline Rewards Project Project Tools Contract Employee Customer & Management Methods Capability Delivery Process Organizational Learning Strategies & Architectures © 2006 K V Ramesh 5
  • 6. HRD vs. HCM  Human Capital Management is NOT same as Human Resources Development  HRD is often:  Recruitment  Development  Compensation & Benefits Administration  Performance Evaluation  Termination Processing  HRD is at times:  Skills Inventory Management  Counseling  Resource Usage Policies Management  HCM is the capabilities Management of an Organization © 2006 K V Ramesh 6
  • 7. Defining Human Capital Human Capital is the Business Software (Capabilities) that rides on the Business Hardware (Resources) to Generate Value © 2006 K V Ramesh 7
  • 8. A view of the Business Software Business Space Strategic Disruption Generation Management Talent Acquisition & Retention Outsourcing > Best-in-Class Development This Collection Technology Absorption Management Practice Is Delivery Intrinsic Value Business Software Perceived Value Market Management Realized Value Or Redefining Value Economic Value Capabilities Asset Utilization Value Resource Management Environmental Value Stakeholder Value © 2006 K V Ramesh 8
  • 9. Towards Intrinsic Intelligence  The Business Software should be independent of the Business Hardware  Business Software becomes a Neuron  Neuron Networks generate the best value  Human body & mind is the classic neuron network driving the value generation © 2006 K V Ramesh 9
  • 10. In Summary Thank You Interoperability Reliability Portability Business Software Scalability Reusability Upgradeability Manage the Business Software – Capabilities – Human Capital Build Appreciating Assets on Aligned Aspirations Platform © 2006 K V Ramesh 10