Monday, February 13, 2017

The Monthly Sum Up: How to Build Digital Ready Enterprise Capabilities Feb, 2017

The business competency is a set of organizational capabilities with a focus.

A business capability is the set of abilities needed by an organization to do things effectively to achieve desired outcomes, measurable benefits and fulfill business demand consistently. Business capability, in general, is defined as the ability to perform or achieve certain actions or outcomes through a set of controllable and measurable faculties, features, functions, processes, or services. How can the business build a set of digital ready enterprise capabilities?

How to Identify and Close Business Capability Gaps? Capability is the ability to do something. A capability is an ability that an organization, person, or system possesses for either problem solving or making a certain achievement. The corporate capability is the collective ability to implement strategy, innovation and make changes. Organization’s capabilities can be categorized into both competitive necessity and competitive uniqueness. Therefore, to run a thriving business, it is critical to identify and close business capability gaps and build organizational competency to reach the business vision and achieve strategic business goals.

IT as the Digital Business Capability Builder? A capability is an ability that an organization, person, or system possesses. Capabilities are typically expressed in general and high-level terms and require a combination of organization, people, processes, and technology to achieve. How to run IT as a business capability builder via integrating all those critical business elements into the differentiated organizational competency.

Five Pillars in Building Decision-Making Capability? Digital business is becoming complex and uncertain, decision making is more often a complex scenario, especially for the large, strategic decision making. Therefore, it is crucial to take a systematic approach for improving decision effectiveness, leveraging both gut-feeling and analytics, logic and intuition, interdisciplinary knowledge and group contribution. Here are five pillars to build decision-making as a solid business capability to improve business responsiveness, agility, and competency.

Three Insight of Dynamic Digital Capability: The corporate capability is the collective ability to implement strategy, innovation and make changes. It is underpinned by business processes, integrated by IT and enabled by talented employees. A business capability is an acquired and organized "ability" within a company and takes hard work to put in place; it can therefore not be transferred because of the degree of organizational learning. At the dawn of the digital era with hyperconnectivity and fierce competitions, organizations have to build a set of differentiated capabilities which will directly decide the overall organization’s competency. And business competency is a set of organizational capabilities with a focus. In order to gain insight and enhance your organizational digital capabilities, the IT and business leaders must ask: What are the characteristics of digital capabilities? What things are in place that will inhibit or endanger the capability building? Are the right skills in place? Are costs in line with the long-term path and short term goals?

Three Capabilities to Accelerate IT as Digital Growth Engine Information and technology are pervasive, business transformation or any business initiatives today nearly always involves some form of technology implementation and information-based insight; IT touches both hard business processes and soft human behaviors. Hence, forward-thinking companies have to empower their IT organizations to drive digital transformations. But which enterprise capabilities should IT build to deal with the emergent digital complexity with the new characteristics such as hyper-connectivity, hyper-density, and hyper-dynamism, and become a growth engine of a high mature digital business?

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