In our recent iBsing Pioneers call we delved into the topic of ‘๐๐๐ ๐๐๐ญ๐ฎ๐ซ๐ข๐ญ๐ฒ ๐๐ฌ๐ฌ๐๐ฌ๐ฌ๐ฆ๐๐ง๐ญ๐ฌ.’ In three breakout groups, we brainstormed essential questions required to assess the functionality of Integrated Business Planning (IBP) and identified numerous areas that warrant investigation.
First and foremost, let’s focus on ๐๐๐๐๐๐๐: Are our end-to-end planning and execution processes delivering the expected financial performance and meeting the needs of our customers and organization’s purpose? The three groups dedicated 12% of questions to analysing results.
Next, let’s examine the critical ๐๐๐๐ ๐ ๐๐๐๐๐๐: Are our process and system capabilities, as well as people’s competencies, effective and efficient? A share of 38% of questions revolved around hard factors.
Finally letโs check the ๐๐๐ ๐ ๐ ๐๐๐๐๐๐: Do the functions and individuals across the organization share a common vision, and do people exhibit best-self behaviours in collaboration, accountability, and continuous learning? Remarkably, 50% of questions focused on the soft factors.
๐ป๐๐๐ ๐๐๐๐๐๐๐ ๐ฐ๐ฉ๐ท ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐น๐ฌ๐บ๐ผ๐ณ๐ป๐บ ๐๐๐ ๐ฏ๐จ๐น๐ซ ๐ญ๐จ๐ช๐ป๐ถ๐น๐บ, such as financial outcomes, processes, and technology. However, it is crucial to remember that this alone will not yield optimal IBP results.
That’s why I invite you to explore the power of ๐ฐ๐๐๐๐๐๐๐๐๐ ๐ฉ๐๐๐๐๐๐๐ ๐บ๐๐๐๐๐๐ (๐๐ฉ๐๐๐๐) ๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐ ๐๐ ๐ ๐๐๐๐ ๐๐๐ ๐๐๐๐๐ ๐บ๐ถ๐ญ๐ป ๐ญ๐จ๐ช๐ป๐ถ๐น๐บ and prioritize the remaining 50% during your E2E Planning and Execution Framework transformation.
Let’s strike the perfect balance between hard and soft factors in IBP to achieve exceptional results!