Monday, June 26, 2023

Initiatives

Organizations better understand business evolution and harness its power to serve business purposes. You must show the 'progress' as you go along.

In the age of digital, businesses today need nothing less than a paradigm shift in their thinking about the fundamentals of how organizations work and fine-tune organizational structure to build an engaging workforce. 

Forward-looking organizations can grow, innovate and transform by taking a structural approach to identify inner strength of the business, develop potentiality into a more solid form and transform it into differentiated business competency,

It’s important for people to understand a strategic plan at different levels in order to implement it: Information is an organizational asset and resource. For business managers, not finding the information needed to clinch a deal is a good wake up call to diagnose the potential defects in strategy management. So often strategy can tie people up so much they lose sight of where they are heading. It leads to splitting of planning into layers with different levels of information granularity, where upper layers are holistic, with enterprise ontology and vocabulary; and lower layers are comprehensive, covering all attributes needed but for selected concepts only.

People across the organizational hierarchy need to understand their strategic planning from different perspectives. Depending on the level of information granularity and aggregation, you can use it for thresholding a strategic plan which is agiler, outside-in and bottom-up, so feedback becomes crucial for handling the paradox and balancing multifaceted views from diverse stakeholders. An iterative planning-implementing-improving is a healthy cycle of business management.

It's important to analyze total cost, total value, and total impact of developing organizational capacity for growth and business innovation: Moving organizations forward is challenging. Organizations need to discover their hidden value, invest wisely, refine their talent, optimize process, estimate cost, and leverage emerging technology to keep their business relevant and build competitive advantage. Refine information into fresh business insight, managing effective application portfolios are all crucial to lead business value generation.

So, how collectively creative the business is depends on the individuals composing that collective and depends on the rationale for the gathering of people. It’s about how to achieve the economies of scale, keep the business continually delivering what the business needs and maximize the potential of the company. Do comprehensive value/cost analysis, develop or expand business capacity, clearly define appropriate metrics, build a team of inclusive stakeholders to further define the charter, prioritize and allocate resources, balance quick gain and long term win.

It’s important to build in an objective assessment to allow space for improvement: In many cases people have had a very poor experience of workplace change. Because people suffer from change fatigue; or they even do not understand the very purpose behind change. So it’s important to help them identify and choose; what to change, how to change, and there are clearly many options. You have to create a positive experience for them and this builds a more open culture where change becomes much better regarded. Encourage diverse opinions and provide input during the process to maintain engagement.

An effective performance scoreboard is readable to categorize and learn the most valuable information while highlighting important aspects of decision/guidance, for taking step-wise actions to either improve customer satisfactions or operational excellence. A set of mechanisms and tools help the management close the feedback gaps by gaining insight about change context; having an in-depth understanding about the intention, quality, accuracy and relevance of messages.

Organizations better understand business evolution and harness its power to serve business purposes. You must show the 'progress' as you go along. Either for the individuals or the businesses, if you stick and restrict, you cannot be dynamic. Organizations are living organisms on their own, different from the sum of its parts. The process is adaptively rational. They have to balance change and stability; innovation and standardization, process and flexibility, with the goal to run high performance business.

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