Tuesday, February 13, 2018

The Monthly Insight of “Digital Maturity”: The Practices and Perils for Reaching the High-Level Digital Maturity Feb. 2018

Digital is the new paradigm shift to deeply connect the business with the natural ecosystem.

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. At the heart of digital, it is people and how to build a customer-centric organization. More specifically, what are the characteristics of digital business maturity?

The Practices and Perils for Reaching the High-Level Digital Maturity
Three Overarching Management Approaches to Shape a High-Mature Digital Organization? The journey of improving business maturity is more evolutionary than revolutionary. It is not just about one-dimensional technology adoption, but a multi-dimensional digital expansion. It is certainly critical to put the stronger emphasis on empowering people, leveraging the source of knowledge, harnessing adaptation, fostering innovations, and taking an overarching management approach to shaping a high-mature digital organization.

Three Barriers To Innovation and Digital Maturity
Digital paradigm means holism, hyper-connectivity, integration, interdependence, and innovation. Digital transformation is the journey for solving problems caused by "Conflict," "Out of Balance," “Lack of Logic,” or “Too much complexity.” Therefore, it is critical to break through the industrial constraints and limitations, overcome roadblocks to change and digitalization, and improve the overall business responsiveness and maturity. \

Three “Elimination” Practices to Improve Digital Maturity Digital organizations today aim to move into a more advanced stage of digital deployment by tailoring their own unique strength and business maturity and develop their own set of practices for digitizing and innovating. The business practice is always a combination of people and how they are used to doing things based on the set of principles and standards for adapting to changes in the business or technology shift. Here are three “elimination” practices to improve the business responsiveness, effectiveness, efficiency, and overall digital maturity.

How to Reach Digital Maturity From Functioning to Firm to Delight The organization or company may be in business for many years but has not matured its management disciplines and structural flexibility. Companies need to embed digital into the very fabric of the business, explore digital management practices in a structural way in order to make a seamless shift from functioning to firm to delight, and reach the higher maturity of the business to get digital ready.

Five Stages of Digital evolutionary ecosystem
: Digital is the new paradigm shift to deeply connect the business with the natural ecosystem. The digital business ecosystem is dynamic, nonlinear, expansive, and complex. Digital makes the business flatter and the world smaller because of its very characteristics of hyper-connectivity and interdependence. Digital management also needs to shift from linear and reductionistic to nonlinear and interdisciplinary for dealing with the new “VUCA” digital reality. Therefore, digital leaders, today must frame the bigger thinking boxes and approach problems via the multidimensional lens, technically, scientifically, holistically, and culturally. They need to understand the five stages of the digital evolutional ecosystem in order to lead innovatively and progressively.

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