Insight

Welcome to Knowit Insights blog! Here we share what we can do within management. Hope you find something that engages and inspires!

procurement

Bridging the gap between strategic and operational procurement

A high-performing procurement unit is a strategic differentiator in project-based industries characterized by high procurement costs and low profit margins. This is especially true for sectors such as real estate and construction, where the cost of procured goods and services typically comprises between 60 and 80 percent of all costs.


Rightshoring

Rightshoring - what it is and how the concept should be approached

The right placement of people and processes has become a strategic differentiator. Applying a balanced mix of outsourced, offshored, and nearshored business functions can yield significant advantages to a company. In this article we set the fundamentals and present a tool that can be used for identifying the right location mix for your business functions.


Strategy

Future IT department - will it even exist?

We believe that it is just a matter of time until the expertise and capabilities typically held within “traditional” IT departments are fully integrated into the various business functions, leaving IT departments significantly slimmer both in terms of scope and staff in the future. The IT department as we used to know it is probably soon nothing but a memory. Here’s why…


Organizing for Speed

The Mantras

What do Lean Budgeting, Lean Systems Design, Agile development, DevOps, Release on Demand, Business Agility, Trust, Lean Portfolio Management, Learning Organisation have in common other than being buzz words, and off course really valuable techniques for running a development organisation?


Organization

A journey towards employee insight and a good customer experience

In a society in which people, companies and things are becoming increasingly connected, it is more critical than ever that we nurture relationships and truly understand what drives customer satisfaction; after all, keeping customers is both enjoyable and profitable. Without insight into our customers’ current and future needs and expectations, we also risk offering solutions that fail to create value. This not only applies to customers; it also applies to employees.


HR

How capability mapping can help you lead your HR department into the future

HR leaders are starting to gain a greater responsibility of the strategic development in their organizations. However, HR departments are often constrained by a heavy manual administrative burden despite great possibilities of digitization and automation. Therefore, Knowit Insight present the capability mapping methodology as a first step in sorting out how you can lead your HR department into the future.


Strategy

Managing projects that have a real impact

Digitalization and a fast-changing world place great demands on companies today. The future belongs to those who become quicker, more innovative and flexible and can meet the changing needs of the customers. As competition becomes tougher and conditions change, new solutions are needed at an accelerating pace. Projects are initiated with good ambitions and a desire for higher productivity, better profitability, more satisfied employees and increased ability to meet the needs of the market. However, do you feel that the impacts that the project would give do not materialize? You are not alone.

At Knowit, we often meet customers whose projects have stopped at being just projects. The desired impacts that the project would give do not materialize, the question is: why?


Strategy

The need of renewing business models to improve digital exploitation and value creation

Changing circumstances creates need of renewal
The technology development and digitalization are changing the face of the society. Frequent technology breakthroughs in combination with new driving forces creates continuous changing societal circumstances and new patterns of living. To stay relevant in these times, organizations need to renew themselves on a continuous basis. In our understanding, organizations can be viewed as organizers of value creation, thus organizations must find new ways to create value for their customers. Today, it is an absolute must to incorporate a digital business model to be able to provide customers with valuable digital experiences. Therefore, it is essential to rethink the business model and its mechanics to increase digital exploitation and improve value creation for customers.


Organizing for Speed

Is your organization future-proof?

Hierarchical organizational structures are becoming outdated
Early management theories and leadership frameworks were developed during the industrial revolution when organizations continuously grew larger and larger, which required structure. At the time this structure came in the form of a hierarchy with multiple layers of managers to control different organizational units and employees. Today, this type of hierarchy and structure is still in place in many organizations, where managers control its subordinates by telling them what to do and where decision-making is concentrated to managerial positions.


Data-driven Growth

Too much data?

Is there a challenge related to having too much data? One, among many, interesting findings pointed out in one of the reports emerging from Knowit Insight’s ongoing collaboration with KTH (The Royal Institute of Technology in Stockholm) suggests that this is the case. 


Cybersecurity

Serious cyber-attack on Norwegian firm Hydro

On Tuesday, it became public that Hydro had suffered from a major cyber security attack – probably the largest in Norwegian history. In this blog post, I will explain the background, what we know today and some lessons learned.


Data-driven Growth

Unlocking the value of Data-driven Insights in the Media Industry

Creating and deploying entertainment content are – among many media industry practices – experiencing rapid changes due to technical advancements within data analytics. The trend challenge conventional business and operating models since such analytics can translate into value through great customer insights[1]. Traditional content creation and distribution are therefore experiencing a surge in competition for customers’ attention and entertainment content consumption. Thus, maintaining high levels of reward and low levels of risks when creating content directly correlate with how media companies can attract customers and accurately predict the type of content they desire[2]. Our experience indicate that technical platforms are increasingly acknowledged and used, but the lack of full adoption by the organization impedes its full potential.


Project Management

The engaged project worker

 

What if I told you that you could save 5% of your total project budget by leveraging what you are hopefully already doing? Is it easy? No! (things worth doing rarely are!) Is it impossible? Definitely not! I will prove it to you through a simple calculation.


Project & Quality Management

Project & Quality Management 2019

Having been a part of the area of strength Project & Quality Management at Knowit Insight for almost a year, there is much to be proud of, as well as a lot to look forward to in 2019.


Project Management

PMBOK® Guide 6th edition released September 2017

A Guide to the Project Management Body of Knowledge (PMBOK® Guide) is PMI’s flagship publication and a fundamental resource for effective project management in any industry. It has been updated to reflect the latest good practices in project management.


Agile Quality Management

Agile Quality Management (AQM)

In today’s digital society, organizations face new challenges, which place high demands on innovation capacity, flexibility, and speed. Technology advances rapidly and the level of complexity increases. Products and services evolve – cars are now being designed to drive us, rather than the other way around. In our view, quality is more important than before. Many organizations adopt agile methods to meet these challenges. But do agile work methods necessarily lead to improved quality?


IT Strategy

Without knowing where you are, how could you know where to go?

IT is becoming increasingly vital for business leaders to drive digitalization when attempting to grow. The possibilities are endless and sorting out what the next step is for each specific organization is difficult. Many organizations struggle with even making a proper diagnosis of their current technology situation. This is where an IT Flash comes into play, enabling a full view of the current IT capabilities.


Business Design

An open space for human-centered design

In October, Knowit Insight’s Business Design team hosted their first event with the newly established practitioner network focusing on human-centered design and its many applications within business and organizational development. The goal of this network is to create an open space for sharing experiences and learn from each other’s efforts within human-centered design.


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