The new year’s here and we are all setting new resolutions. Some of us have even decided to recycle their old ones as the past year was half spent in confinement – this goes from individuals to families and even corporations.
The tradition of new years’ resolutions had started with the Babylonians, who made promises to their gods at the start of each year that they would return borrowed items and pay debts. In the middle ages, knights renewed their vows of chivalry. The aim behind it is to introspect in the past year or years and make promises to stick to new commitments that will drive individuals forward and help them thrive.
Why are resolutions important?
Though widely spread and a lasting tradition that has expanded over thousands of years – despite being expressed so differently over time – the importance of new year resolutions remains the same. These resolutions are a great way to:
- Keep you focused on goals: Resolutions allow us to concentrate on what we want, our purposes, and help us strategize on how to achieve them, moving in a positive direction.
- Have small stepping stones: Resolutions set up in tiny steps or divided into smaller goals have the highest percentage of success. Committing to these small steps make way to more success.
- Be more self-aware: Thinking back at the past and looking into the future allows us to introspect on what we need to thrive and do better.
- Prioritize: Resolutions usually focus on what’s essential for us, the most notable changes that we need to start making, thus helping us prioritize where we need to invest our energy.
Just as resolutions are essential for individuals, they are equally crucial for corporations for the same reasons. They help corporations analyze where they’re at and where they want to be by the end of the year. They help them compare themselves to others in terms of goals and market trends. Resolutions help corporations prioritize what matters to stay relevant in their industries and preserve their loyalty and loyalty.
Companies may focus on being more social, have better crisis management strategies, fine-tune their customer service, or become more involved with the community. But considering the pandemic and the remote-working trends, perhaps the most important thing for companies to evaluate right now is their digital transformation efforts.
Companies may start by asking themselves about their objectives, compare themselves to their competitors’ digital efforts, strategize on who’s following up on these efforts internally, who the corporation will be partnering with to guide its actions, and so on.
For example, Brambles, a supply-chain logistics company operating in more than 60 countries, set a resolution back in 2015 about increasing the number of women in management by the year 2020. They have achieved this goal in 2020 by ensuring that 30% of leadership positions are held by women including 30% at the board level and 30% at the management level by 2020. Telefonica, an international communications company, had set the same goal for 2020 concerning women in management, as well as for deciding to hire 25,000 new young employees by the year 2021. Acciona, a sustainable infrastructure solutions company, however, was able to reach a digital milestone this year after completing a digital twin of one of the largest desalination plants in the Middle East – an exact digital reproduction of the project that allows productivity to be analyzed, optimized and improved, reducing development times and detecting faults early.
An efficient new year
It’s always a good idea to re-assess, decide on a goal, strategize on how to get to it, and start with small stepping stones. And what better time to start than with the new year. Digital Transformation is imminent and crucial for the upcoming year; if it’s not on your corporate list of resolutions, it should be. If your organization is worried about where to start or don’t know how to start, we can help. Intalio offers a range of services and solutions to help with your corporate new years’ resolutions, turning a critical year into a year full of success from strategizing to training employees.