Thursday, June 7, 2018

The Weekly Insight of the “Future of CIO” 6/8/2018

Blogging is not about writing, but about thinking, brainstorming, innovating and sharing.

The “Future of CIO” Blog has reached 2.5 million page views with 4600+ blog posting in 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. The content richness is not for its own sake, but to convey the vision and share the wisdom. Here is the weekly insight of digital leadership, IT Management, and Talent Management.

The Digital Portrait of Modern CIOs In the world moves too fast, with the exponential growth of information, leadership, marketing, finance, technology, etc, are all intertwined. IT leadership is strategically important. What C-level executives really want is a partner that works both "on the business" and "in the business," not just "for the business; someone who knows what they want before they know themselves; someone who can contribute to the top line business growth. Thus, the digital portrait of modern CIO is different from the traditional CIOs who often think and act as the tactical IT manager. The important thing is that digital CIOs as the top leadership role, must have the strategic mindset, interdisciplinary knowledge, unique personality, and a clear idea of what needs to be done, yet creative enough to not hold the company back from growth.

The Corporate Board as Digital Shaper The business is complex, the world is complex, and leadership is complex. Leadership can be perceived with both broader scope of the open system and in-depth understanding of its interconnectivity and interdependence. The digital directors and executives today need to understand things and circumstance in a holistic way, deal with opposing views, cultures, constraints, and competitions, in order to steer the business in the right direction and navigate it through the uncharted water to lead digital transformation seamlessly.

Avoid Pitfalls to Run Digital IT The digital organization is technology driven and information intensive, IT needs to become the linchpin to integrate people, process, and technology into differentiated business competency such as innovation. The art of innovation is to connect wider dots for creating new ideas; the science of innovation is to take a structural approach to innovation management. Thus, IT is the hub to bridge the art and science of innovation. Nowadays, IT is the business in the business and the digital engine of the entire organization. The role of CIO continues to evolve rapidly in the midst of the information in digital transformation. Forward-looking IT organizations should practice intrapreneurship for running IT as a software startup, promoting and sustaining organizational performance, renewal and corporate competitiveness.

Tipping to Scale Digital Systematically Digitalization implies the full-scale changes in the way businesses are conducted. It is important to understand that digital transformation is multifaceted. Digital management is responsible for designing, enabling, and enforcing a collaborative, innovative, intelligent, inspiring and inclusive working environment for engaging employees, delighting customers, and unlocking business performance. Leading organizations are able to identify the critical spot to scale up, and leverage the framework approach for reaching the next level of business growth and organizational maturity systematically.

Digital Fusion: How to Unleash the Full Business Potential Uncertainty, ambiguity, unpredictability, velocity etc., are the digital new normal. With increasing pace of changes, the emergence of potential opportunities for exploiting digitization is likely to follow a nonlinear pattern as the pervasiveness of an organization's digitization journey increases. Business leaders need to be both bold and cautious, apply multidimensional thinking and take multifaceted management disciplines to drilling down the critical success factors that underpin each of the higher level performance dimensions to accelerate business performance and unleash the full business potential.

Blogging is not about writing, but about thinking and innovating the new ideas; it’s not just about WHAT to say, but about WHY to say, and HOW to say it. It reflects the color and shade of your thought patterns, and it indicates the peaks and curves of your thinking waves. Unlike pure entertainment, quality and professional content takes time for digesting, contemplation and engaging, and therefore, it takes the time to attract the "hungry minds" and the "deep souls." It’s the journey to amplify diverse voices and deepen digital footprints, and it's the way to harness your innovative spirit.


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