Sunday, May 22, 2022

Innerconnectivityofstrategy

One of the important characteristics of the digital age is hyper-connectivity.

A digital workplace is all about people-centricity, empathy, innovation, agility and high-level business maturity. Digital organizations are always on, inter-dependent and hyper connected, people are always the most important asset in any organization before, today, and future. 

In an ideal digital workplace, the organizational structure is solid enough to keep people or things in order; but fluid enough to keep information and ideas flowing.



              Strategy Dots Connection


Innerconnecting Relevant Dots of Organizational Strategy, Structure and Business Performance Traditional management runs in silos; silos introduce lots of delays, waste, queues, and bottlenecks. The linear business system perception needs to be replaced by the adaptive digital system viewpoint. Digital management needs to be holistic and informative for overcoming the challenges brought by “VUCA” new normal.

Innerconnection of trategy 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?

Strategic Thinking vs. Design Thinking Strategic Thinking is about keeping the end in mind. Design Thinking inspires thinking by doing. The purpose of strategic thinking is to explore the “why” factor behind the issues. The purpose of design thinking is to think about how to address a problem creatively. More and more of work is less about design in its purity and more focused on holistic and strategic business initiatives. Here is the "apple to apple" comparison between strategic thinking and design thinking.

Culture vs. Strategy: Which Comes First? The strategy is like the business roadmap to leverage the company's resources and achieve its vision; and culture is the collective mindset, attitude, and behaviors of the group of people and it's about how people think and do things here. Many of us like Drucker's witty quote, “Culture eats strategy for breakfast.” A strong culture can lift up a mediocre strategy, but a weak or negative culture will screw a superior strategy. So culture vs. strategy: which comes first? And what are the interwoven relationship between them?

Strategy vs. Execution Strategy and execution, which one is more important” is the “chicken-and-egg” debate which never ends. Perhaps the point is how to bridge the gap between strategy and execution; do companies spend the same amount of time in developing strategy and the execution plan? If a firm is not able to achieve the desired results, what aspect in your view usually contributes more to the gap/failures - the strategy itself or the execution plan?

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