Wednesday, January 31, 2018

Winning Digital Dynamic in a Structural Way

Running a dynamic business needs to practice dynamic planning, develop dynamic teams, and build dynamic business capabilities. 

Digital is about fast-paced change, the exponential growth of information, high business intensity, and velocity. Closer to reality is that 'change' is continuously happening in such a dynamic environment of a company. The leading businesses across the vertical sectors are the ones that can manage change fluently, and adapt to digital new normal for creating a winning digital dynamic in a structural way.

The dynamic business planning: A business plan outlines the preferred course of action, provide direction. But with today’s business velocity and frequent digital disruptions, if planned in detail as far ahead as the end state, much planning time and effort will be wasted. As the saying goes,” plan is nothing, and planning is everything.” This is particularly true in the digital era with change as the new normal. The dynamic planning process is the continual attention to current changes in the organization and its external environment, and how this affects the future of the organization. The planning process is never "done" -- the planning process is a continuous cycle; that's part of the management process itself. And then, the responsibility of the management is to make a seamless alignment of planning and implementation. The key is to engage the whole organization in knowing and understanding the direction and planning of the business and build the momentum and increase the tempo of operations. In practice, planning and execution are not linear steps, but an iterative continuum. Plan a little and try implementing to see immediate results to verify the expectations. But always keep the big picture, do dynamic planning, make a necessary delegation, implement plan collaboratively and seamlessly.

The dynamic team building:
Building a dynamic digital workforce is to provide a creative working environment with the necessary resource to improve productivity, creativity, and employee engagement. A high-performance team is a cohesive group of people with complementary skills, saddled with the responsibility to achieve higher than expected results. High performing teams succeed because they are corporate in nature, get the bigger picture to clear on what, who, when and how to achieve business goals based on the dollar value and available resources. There are fewer obstacles and pitfalls to navigate and overcome when team members trust one another, have supplementary skills, and take complementary actions which provide the basis for the trust. When teams are cultured to focus on the shared goals of the organization, they compete professionally and complement (when needed) towards the attainment of the shared goals and that creates a conducive environment for mutual trust to flourish.

The dynamic business capability building and capacity planning: A business capability is the abilities needed by an organization in order to deliver value. A business capability defines "What" a business does or can do by encapsulating all organization resources (tangible, intangible or human resources). It’s the ability of an organization to do things effectively to achieve desired outcomes and measurable benefits and fulfill business demand. Due to the increasing pace of changes and continuous digital disruptions, businesses today should be able to speed up, build dynamic business capability or recombine existing capabilities into the new business competency for adapting to the new market dynamic. Usually, Enterprise Capacity Management refers to a process used to manage Information Technology. Its primary goal is to ensure that IT capacity meets current and future business requirements in a cost-effective manner. Capacity planning needs to be part of the corporate initiatives around continuous improvement. IT capacity planning allows for a transparent view from across the organization that should improve business performance. If all the departments in a company practice capacity planning, you will move closer to organizational harmony and efficacy, and it is important to measure the ROI on such activities in order to improve the business manageability.

Running a dynamic business needs to practice dynamic planning, develop dynamic teams, and build dynamic business capabilities. It is worth the effort to break down silos and prepare the future proactively, in order to win the digital dynamic in a holistic way.


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