Friday, April 20, 2018

The Monthly “Lesson Learned”: How to Break Through Digital Bottlenecks Apr. 2018

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. Digitalization is the thorny journey and innovation management is both art and science. What are the pitfalls on the way?


How to Break Through Different Bottlenecks

Digital Innovation Bottlenecks? Digital innovation has the broader spectrum and more enriched context. Innovation is not serendipity, but a management process. Innovation has three phases: discovery of a problem or new ideas; designing a prototype solution and the ultimate delivery of a commercially astute outcome. Therefore, the best point of view is to see innovation as a system, capable of delivering organizational-wide capability. However, innovation management has an overall very low success rate in the majority of organizations. From the management perspective, what are innovation bottlenecks and how to break them through in order to build innovation as the business competency?

Change Management Bottlenecks? Change is the new normal, in fact, the speed of change is increasing. To put simply, change itself changes. Digital ecosystem has become more complex and dynamic, Change Management also turns to be more complex, and there is no magic formula to follow. That’s perhaps part of reasons why the failure rate of Change Management is so stubbornly high in the last two decades. The perils of Change Management can waste a lot of resources and cause a lot of pains. So, how to identify Change Management bottlenecks and build change as an ongoing business capability?

Break Through IT Bottlenecks to Get Digital Ready
As businesses move into the digital future, technology is the fastest growing arena and information is growing exponentially. Never before has IT and business been so closely tied together, never before has technology moved more quickly and missteps have larger trajectory impacts on every aspect of the business. Still, many IT organizations are perceived as a controller, slow to changes. Can IT play a critical role in handling the digital intensity, break down the capability and capacity bottlenecks, and ultimately become the business catalyst to drive digitalization?

Breaking Three Bottlenecks to Digitize Boardrooms The corporate board plays a significant role in overseeing business strategy, setting principles and policies, monitoring performance to get digital ready. They are the advocate for changes and the mastermind behind digitalization. To lead effectively, they are able to break the bottleneck of digitalization and bridge the gap of opportunity between where they are and want to become, cascading the changes from the boardroom to the front line of the company in order to accelerate performance and get digital ready.?

How important is it to Identify Decision Bottlenecks?
 Either at the individual or corporate level, people have to make decisions, strategic or tactical, large or small even at daily basis. The business and the entire world become over-complex, hyper-competitive, unprecedented uncertain and ambiguous, what is the best scenario to make effective decisions, and how important is it to identify decision bottlenecks?
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