Wednesday, November 9, 2016

“Digital Master” Book Monthly Tuning: The Characteristics of Digital Enterprise Nov. 2016

Digital transformation represents the next stage of business maturity.

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. But how to assess the digital fitness of your organization for such a paradigm shift.

       The Characteristics of Digital Enterprise

  • Three Portmanteau Hybrid Words to Envision a Digital Organization Organizations large or small are on the journey to digital transformation. It is not an overnight phenomenon, but a well-planning strategy with the step-wise approach. There are physical buildings and virtual, always-on working environment; there are next innovation practices and “always do things like this” best practices; there’s abundance of information but still the scarcity of insight. It is the hybrid business world full of options. Digital is the age of alternatives, here are three portmanteau hybrid words to convey the management principles in running a digital organization.

  • Three Characteristics of Digital Organizations Organizations large or small are on the journey of digital transformation. Digitalization implies the full-scale changes in the way the business is conducted so that simply adopting a new digital technology may not be sufficient. You have to transform the company's underlying functions, processes, and cultures, and organization as a whole with adjusted digital speed. Otherwise, companies will begin a decline from its previous good performance. More specifically, what are the characteristics of digital organizations, and can you make an objective self-assessment whether your organization is a Digital Master or a laggard?
  • Sharpen Three Business Elements to Get the Organization “Digital Ready”  Organizations large and small are on the journey of digital transformation. “Being digital ready” goes beyond just applying the latest digital technology, or renovate IT organization only. It is a holistic effort and multifaceted discipline to touch every aspect of the business. Here are three critical business elements need to be sharpened in order to get the organization “Digital Ready.”

  • Three Characteristics of Digital Organizations? Digital organizations are hyper-connected and interdependent, they need to be agile and innovative in order to adapt to the “VUCA” digital new normals. With the fast pace of changes and emerging digital technologies such as “SMAC,” companies large or small are also brainstorming and experimenting the next generation of organizational structure design, to improve employees’ engagement, productivity, as well as creativity across the enterprise ecosystem. So what are the important characteristics of digital organizations from organizational design and business innovation perspective?

  • Three Digital Effects to Catalyze Business Maturity: Digital transformation represents the next stage of business maturity which will improve how the enterprise works and interact with its ecosystem, with the customer at the center of its focus. Digital becomes the very fabric of the modern business, being outside-in and customer-centric is the new mantra for forward-looking digital organizations today. So how can businesses amplify positive digital effects and grow into the high-performing Digital Master?

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