Sunday, July 22, 2018

The Monthly Book Tuning: The Phases and Stages of Digitalization July 2018

Digital makes a significant impact on every aspect of the business from people, process to technology, both horizontally and vertically. Digital becomes the very fabric of high performing business, being outside-in and customer-centric is the new mantra for forward-looking and high mature digital organizations today. At the heart of digital, it is people and how to build a customer-centric organization. Here is the new book “The digital Maturity” summary.
     
 The Phases and Stages of Digitalization

The Shape of Digital: Three Upward Spirals to Improve Organizational Maturity Digital organizations are hyperconnected and interdependent. Digital boundary has the zigzag pattern on it, it is fluid enough to keep ideas flow and information flow, but solid enough to create order, enable responsibility-taking and manage business effectiveness and efficiency, to achieve a state of dynamic business balance. Digitalization is inspirational, iterative, and progressive, is the shape of digital like the upward spiral to reach the high level of organizational maturity?

Five Stages of Digitalization Digitalization represents the next stage of business maturity which will improve how the enterprise works and interacts with its ecosystem. During the journey, there are many accumulated steps from doing digital to going digital to being digital. Companies need to take the journey with logical steps, embed digital into the very fabric of the business and laser focus on the most important things to get business digital ready.

Five Stages of Digital evolutionary ecosystem Digital is the new paradigm shift to deeply connect the business with the natural ecosystem. The digital business ecosystem is dynamic, nonlinear, expansive, and complex. Digital makes the business flatter and the world smaller because of its very characteristics of hyper-connectivity and interdependence. Digital management also needs to shift from linear and reductionistic to nonlinear and interdisciplinary for dealing with the new “VUCA” digital reality. Therefore, digital leaders today must frame the bigger thinking boxes and approach problems via multidimensional lens, technically, scientifically, holistically, and culturally. They need to understand the five stages of the digital evolutional ecosystem in order to lead innovatively and progressively.

The Timing, Tempo, and Harmony of Digitalization We live in an information abundant and technology empowered world and every day more and more technology affects the way we think, live, and work. Digitalization represents a break from the past and implies the full-scale changes in the way that the business is conducted so that simply adopting some new gadgets isn’t insufficient. It is a holistic effort and multifaceted discipline to touch every aspect of the business. The journey of digital transformation is all about weighing the following main business elements impacting change -people, process, and technology and balance the timing, tempo, and harmony of digitalization.

Walk, Talk, and Make a Leap of Digitalization Digital makes a profound impact from the specific function to the business as a whole. The purpose of such radical digitalization is to make a significant difference in the overall levels of business performance and organizational maturity. However, organizations are different, they have different strength, they have different cultures, they have different structures, they compete in different markets, and they have different scales and speed. How can organizations walk the talk, talk the walk, and make a big leap of digitalization?

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