Tuesday, October 11, 2016

The Monthly “Dot Connections” The Interconnected Management Oct. 2016

Digital is the age of creativity and innovation, and creativity is all about connecting the dots.

The effects of an increasingly digitalized world are now reaching into every corner of businesses and every aspect of organizations. Digital is the age of creativity and innovation, creativity is the most wanted trait for digital leaders and professionals today, and innovation is the light every organization is pursuing. Creativity is all about connecting the dots. Which dots shall you connect between different management disciplines and practices in order to accelerate digital transformation?

The Interconnected Management Oct. 2016

Strategic Management vs. Operational Management: Strategic management as long-term planning requires a vision. In other words, a company needs to define where it wants to be in a decade or two (what's the vision) and how they want to get there (Strategy) and then Operational Management will translate the long-term plans into smaller scale plans to operationalize the move toward the vision.?
Strategy Planning vs. Strategy Management? Strategic planning is the process of determining the strategy and how it will be implemented. Strategic management is the continuous planning, analysis, monitoring, and assessment of all that is necessary for an organization to meet its visions, missions, goals, and objectives. Strategic management can include strategic planning but also includes the actual implementation, evaluation, and modification of the strategy. There is absolutely no doubt that many people use the terms very imprecisely and that often blurs the lines between the words and results in confusion. In more detail, what are the differences between strategic planning and strategic management??
Performance Management vs. Talent Management  Talent Management (TM)  focuses more on the people element of the organization; where Performance Management (PM) is more about the overall alignment of various organizational functions towards shared vision, mission, and objectives..
Information Management vs. Knowledge Management? Information Management is to connect people with the right information at the right time & location, to ensure that accurate information is accessible and shared within relevant business units. This information is open to interpretation accordance to the level of knowledge one has. Knowledge Management safeguards full understanding business processes, tools that are used and the people using those to optimize business efficiency. From Wikipedia: Information management (IM) is the collection and management of information from one or more sources and the distribution of that information to one or more audiences. Knowledge management (KM) is the process of capturing, developing, sharing, and effectively using organizational knowledge. It refers to a multi-disciplined approach to achieving organizational objectives by making the best use of knowledge.
Performance Management vs. Change Management: The speed of change is accelerating, organizations are shifting from industrial speed to digital speed; from inside out - operation driven to the outside in - customer centric. When quality and values in your market changes constantly, your measures of P (Performance) have to move with it, better than that, anticipate it and rearrange around coming tastes and preference changes. So performance management vs. change management, how to tone them accordingly for a seamless digital transformation?
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