Tuesday, May 23, 2023

Initiativesofinnovation

Organizations have to stretch out in every business dimension, strengthen organizational capacity and build business advantage for the long run.

Due to the “VUCA” (Velocity, Uncertainty, Complexity, Ambiguity) reality, business leaders and professionals have to deal with constant ambiguity, increasing complexity, rapid change, and unprecedented uncertainty. In order to accomplish the impossible, organizational leaders today must be able to re-imagine the future of business and see the invisible. 

Although you cannot predict every event happening on the journey, surely you need to proactively create a clear vision, make a good strategy, and execute it via an iterative continuum, and lead a seamless paradigm shift to reach the next level of organizational maturity.

It’s important to keep tuning the underlying business structures and functions to streamline information, idea flow: Forward-looking organizations work proactively to dismantle business bureaucracy, empower people and enforce business relationships to unleash collective potential. Limited hierarchy works best in a creative environment in which the free flow of ideas and their prompt implementation is a key element of business success.

The challenge for any business is to fine-tune a successful structure that helps to empower people and enforce business relationships to unleash the collective potential. Any organizational restructuring effort should leverage the powerful technologies and platforms to keep information and ideas flow frictionlessly, for increasing business fluidity, flexibility, and overall business fit.

It’s crucial to develop the process of a corporate pulse that identifies where the passion, motivation, and commitment of the organization lies, and who embodies it: There are both tangible and intangible business factors such as process, technology, culture, etc. Business leaders should apply systematic views and disciplines to scrutinize them, figure out how to integrate them into business capabilities. People in your organization must have a passion for what they are doing. This requires a clearly defined and inspiring purpose, but it also requires extending that purpose into the 'real world' with a vision that everyone is on board with.

Periodically check corporate pulse that identifies where the passion, motivation, and commitment of the organization lies, and who embodies it; inspire passion, people can become motivated through gut desire and empathetic communication. Let people explore where their energy is and then, align the energy to work at hand. They will be delighted to do the work because they understand why they are doing it, how to do it better, and make a serious commitment. Encourage true passion, authentic expression, courageous actions, so people become highly engaged to achieve high performance results.

It is important to reconnect or strengthen the weak links in the organization to run an innovative organization: The business system is complex and the organization is multifaceted. Without the contextual understanding of people, process, technology, structure, the blind spots or weak links are inevitable and cause miscommunication across functional or geographical borders. The missing link in holistic management can further cause change inertia, stifle innovation, and cause businesses missing opportunities to grow, and accelerate performance.

The management needs to see interrelationships rather than isolated things; leverage nonlinear logic for understanding patterns of changes rather than static “snapshots” to improve business effectiveness. To identify and strengthen missing links, business management, especially at the senior level, needs to gain the contextual understanding of the inter-connectivity of both visible and invisible business success factors, and apply interdisciplinary approaches to lead changes structurally.

The path of going digital can be iterative, evolutionary, revolutionary, or disruptive. From doing digital to being digital needs to take a lot of brainstorming, thought-out planning, and structural actions. It’s important to determine what the future needs to look like, and what the business transformation must look like. Organizations have to stretch out in every business dimension, strengthen organizational capacity and build business advantage for the long run.

1 comments:

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