A well-defined set of digital rules are not for limiting innovation, but for setting the frame of relevance and guide through changes and digital transformation.
Digital Management Rules
Digital Management Principle: Less is More? Modern businesses become over-complex every day, they also add to such eco-system complexity! If we accept it is complex, somewhat unpredictable or not completely predictable, we have to accept uncertainty. Uncertainty comes with complexity. Simplicity vs complexity is an age-old dilemma even in English Grammar! Logically, simplifying the complicated thing is an optimal and smart choice either for running the business or solving a problem. "Less is more." So, what are the principles to follow in pursuit of just right simplicity?.
Simplicity as a Principle People are complex by nature, but to dwell on complexity is to complicate an implicate order that is naturally simple. Getting to simple is not easy for most people because they rather follow the traditions and set rules and regulations in the society. They don't bother to remove the dust around them or want to question the unknown, or challenge the status quo, out of fear. So how to address complexity, and what's the advantage to set simplicity as a principle and live with it?
The Five Principles to Manage Digital Workforce? People are the most invaluable asset in the business, however, in many organizations, talent management, and performance management are dysfunctional, silo, quantity-driven and short-term focused, lack of holistic approaches to managing performance, innovation, culture, and talent more cohesively. So what are the set of principles to follow in managing today's digital workforce effectively?
Three Principles of Communication Effectiveness? Communication is always important, although it is the means to the end, not the end itself. The end is for problem solving and idea brainstorming. A great communicator doesn’t need to be “the everyone’s cup of tea,” but in order to communicate effectively and avoid the miscommunication symptoms such as “lost in translation,” you have to follow the right set of principles and deliver the messages persuasively and creatively.
Digital CIOs’ Management Practices - Applying 80/20 Rule in IT Management The 80-20 rule is a rule of thumb that states 80% of outcomes can be attributed to 20% of all causes for a given event. In business, the 80-20 principle is often used to point out that 80% of a company's revenue is generated by 20% of its total customers. Therefore, the rule is used to help managers identify and determine which operating factors are most important and should receive the most attention, based on an efficient use of resources. The 80-20 rule is also known as the Pareto Principle, at its core, the 80-20 rule is a statistical distribution of data that says 80% of a specific event can be explained by 20% of the total observations. From there, it was expanded to be applied to the study of management techniques and principles with different facets of business and the economy. It is now used to describe almost any type of output in the real world, from the science of management to the patterns of the physical world. IT management is both art and science. How can Digital CIOs apply 80/20 rule for developing IT management practices to improving IT budgeting efficiency, quality optimization, and project/portfolio success rate?
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