The Art of Accommodation – Balancing the needs of businesses and individuals (Part 1 of 3)

BY PETER CHUNG

Balancing the need of businesses and individuals. This was an interesting topic that I was asked to participate in at a recent conference that I spoke at.

Businesses need three pillars to function: People, Finance and Technology (including processes and due diligence). To maximize the values of all three would deliver the desired results and outcomes. This means overall strategy plans, and action steps, check points and corrections, and expectations and outcomes. When all three are in harmony, results will come.

Accommodation means adjustments. This really means that when an organization can define its capabilities based on the three pillars, adjustment to any component is simply a task with the overall goals in mind. Organizational capabilities really mean managing resources appropriately: maximizing the skill sets of your people using technology and the available finances to deliver results and outcomes.

Accommodating someone also means reallocating resources in production of the results, if the person has the capabilities. On the other hand, there would be opportunities in which the organization capitalizing other unused skill set in the production process. This will show case to others the organizational commitment on people.

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