Tuesday, June 13, 2017

The Monthly “Dot Connections Transactional vs. Transformational Management June 2017

Digital is the age of creativity and innovation, and creativity is all about connecting the dots.

The effects of an increasingly digitalized world are now reaching into every corner of businesses and every aspect of organizations. Digital is the age of creativity and innovation, creativity is the most wanted trait for digital leaders and professionals today, and innovation is the light every organization is pursuing. Creativity is all about connecting the dots. Which dots shall you connect to improve digital professional quality and accelerate digital transformation?
  Transactional vs. Transformational Management
The Digital CIO’s Role in Transaction vs. Transformation Due to the ultra growth of information and deep learning curve of IT, becoming a CIO requires leadership influence, technical expertise, learning agility, and adaptive skills. Just like any other c-level executive, creating business value is what is expected from CIOs. However, the pace of changes in IT would force more CIOs into transformation-oriented digital leadership roles, because IT plays a significant role in driving the digital transformation of the company. It doesn’t mean though being transactional is bad and transformation is good, in the absolute. In fact, an effective leader needs to have both transformation and transaction levels and styles of thinking, behaving and acting. ??
Transactional vs. Transformational Digital Competency? Forward-looking organizations are on the journey of digital transformation, to become more nimble, innovative and customer centric and achieve a high-performance business result consistently. To reach the digital vision, businesses have to build the healthy digital capability portfolio with the balance of transactional capabilities for “keeping the lights on,” and the transformative capabilities for lifting the organization to the upper level of maturity. The cohesive set of business capabilities is built into the digital competency of the organization for gaining the long-term business advantage.
Change vs. Transformation?  Change or Transformation is at every progressive organization's agenda, are they the same or have differences? What's leading to change or on the journey of transformation?
The CIO’s Journey: Transactional IT vs. Transformational IT? The majority of businesses today are on the journey to digitalization and globalization. The reason is that the world is becoming smaller every day and as the consequence, every successful business has to sooner or later go beyond borders. At the same time, the global business landscape is only becoming more complex due to varied factors. And it is in this context that organizations build business verticals within to manage the complexity. So the logical concerns could be: What kind of IT leaders are on demand? Transformational or transactional? What’re differences between Transformation vs. Transaction? How would you define differences between Transactional and Transformational CIOs?
Innovation vs. Change Management? Innovation is value creation in a different way or to a different element of the business; there are both disruptive innovation and incremental innovation as well. So is innovation just another word for change; or does innovation management align with change management? Change and innovation share a common DNA, which is 'change' nature. But they are still different; each one has different motivators and must be managed differently. Innovation is a collection of thoughts, ideas, or efforts used to bring about or manage change to a desirable outcome. Not all change management is innovative however, innovation only exists to bring about change. Innovations do not need to be new however they should at the very least implement an existing method, idea, or resource in a new way, thereby making it innovative to the particular challenge at hand.
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