Digital is the age of alternatives. It is the hybrid business world full of options.
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. But what are digital organizational traits, how to define digital fit and take a structural approach for digitalization?
The Portmanteau Words to Convey Digital Fit
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.The New Book “Digital Fit - Manifest Future of Business with Multidimensional Fit” Chapter 1 Introduction: The Characteristics of Digital Fit Digital organizations are increasingly exhibiting digital characteristics in various shades and intensity. They are hyperconnected and over-complex, with well-mixed physical workplace and virtual team setting. Like people, every organization has its own personality and digital fit characteristics, how do you define organizational fit, in order to build innovative and high-performing teams and transform the whole organization into the digital master?
“Coopetition” as the digital Characteristic Competition is part of the natural dynamics of life. In nature, competition is for evolution; in business, competition is for surviving and thriving. In the silo industrial age, the competition is about commanding and controlling to keep the status quo; and now we are stepping into a deeper and also far more advanced digital era steadily, the goal of the healthy competition in the human society is to encourage innovation and accelerate the speed of progression.
“Simplexity” as the Characteristic of Digital Maturity Modern businesses become over-complex every day, they also become part of the dynamic and complex digital ecosystem. If we accept the business and the world are complex, somewhat unpredictable or not completely predictable, we have to accept uncertainty. Because uncertainty comes with complexity. Simplicity vs. complexity is not only an age-old dilemma but also the opposite ends of the same spectrum. Complexity can either stimulate or stifle innovation. In fact, “Simplexity” is a portmanteau word to reflect the digital reality and how to strike the right balance to achieve the next level of digital maturity.
An “Inclusiversity” Mind Historically, diversity was a popular buzzword starting in the early 1980s, since then, Fortune 500 corporations, both public and private sectors, large and small organizations have all been doing “diversity work.” Today, employers are moving towards a new trademarked word and initiative - ‘Inclusiversity - This word is the combination of Inclusive and Diversity. thereby combining the inclusion of differences. By definition, it takes into account the state or fact of being complete with all the differences, unlikeness, and divisions. The word is most noteworthy first and foremost as it is intended to include others, include different ideas, perspectives, and backgrounds. The prefix ‘div’ seems to have a negative connotation associated with the words such as division, divide, divergent, and prefix‘in’ has the positive connotation associated with the words such as information, intention, or intelligence. The hybrid word “inclusivesity” will imply the right balance of difference and commonality.
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