Saturday, November 25, 2017

The Monthly Insight of “Digital Balance” Nov. 2017

A well-run business has a healthy business portfolio of “running, growth, and transformation.”

The business transformation journey is full of velocity and uncertainty. It is important to have a balanced view of ‘looking forward,” and “looking behind,” “looking beyond,” and “looking around,” to run, grow and transform the business, and continuously improve business performance and maturity.


Strike the Right Balance on Digital Transformation

  • Transaction vs. Transformation? A well-run business has a healthy business portfolio of “running, growth, and transformation,” focus on both short-term gain and long-term win, to manage a seamless business transaction and transformation continuum. Here are three perspectives to connect dots between transaction vs. transformation

  • Look Back and Look Forward to Leading Digital Transformation Confidently? Organizational change and digital transformation are inevitable. As the matter of fact, the life cycle of business today grows shorter and shorter because of increasing pace of changes, overwhelming growth of information, and demanding of shareholders.  The business transformation journey is full of velocity and uncertainty, thus, a clear vision is in demand. Vision is the ability to see beyond what is to what could be. It is the synthetic view of ‘looking forward,” and “looking behind,” “looking beyond,” and “looking around.” But more specifically, how can digital leaders today look back and look forward to leading digital transformation?
  • Leverage Paraconsistent Logic to Steer Digital Transformation: Digital transformation is more like a journey than a destination, it is no surprise that there are many confusions and frustrations on the way. There must have well thought-out planning and well-defined digital principles to deal with unprecedented uncertainty and increasing the pace of changes. In practice, digital leaders sometimes have to play oddball games and leverage paraconsistent logic to deal with contradictions and navigate through digital transformation. "The driving thought of paraconsistency is that there are situations in which information, scientific, or philosophical principles (and so on) are inconsistent, but in which people want to draw conclusions in a sensible fashion." (Encyclopedia).
  • A Bimodal Digital Organization - How to Strike the Right Balance between Agility and Stability Organizations large or small are on the journey to digital transformation, the paradox is that you need to keep the light on to maintain the stability, but also be adaptive to the changes caused by digital disruption with increasing speed. Hence, many businesses just have to run the bi-modal mode: the industrial speed to do what they always do, and the digital speed by leveraging innovation to experiment the new way to do things. But philosophically and methodologically, what’s the right balance between being quick to adopt new methods and risking them for failing, and sticking with tried and tested ones and risking them becoming obsolete? Or more broadly speaking, how to strike the right balance between agility and stability.

  • How to Strike the Right Balance between “Keeping the Lights on” and Growing your Business? Due to the limited budget and resource, most of the organizations, especially those legacy companies always struggle with keeping the light on and changing or transforming their business. Is “running a business” always your first priority,  when is strategic execution more important than keeping the lights on? Optimally, how to strike the right balance between “keeping the light on" and growing your business?

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