Saturday, July 28, 2018

The Monthly “100 Digital Rules” Book Tuning: Digital Change Management Principle July 2018

A well-defined set of digital rules are not for limiting innovation, but for setting the frame of relevance and guide through changes and digital transformation.

The purpose of “100 Digital Rules: Setting Guidelines to Explore Digital New Normal “ is to establish digital principles and update business policies that can be applied holistically and guide the digital transformation systematically. Digital rules are based on a set of fundamental beliefs behind the methodologies and they help to shape mindsets behind behaviors. Digital rules encourage mindfulness, authenticity, creativity, inclusiveness, and discourage static thinking, silo, and bureaucracy, help to accelerate collective human progress.

     Digital Change Management Principle

The Basic Prescription for Change Management? Compared to the business world decades ago, the speed of change is increasing, and the digital ecosystem has become more dynamic, complex and hyperconnected. Change Management also turns out to be more complex with a very high failure rate. There is no magic formula to manage changes, and each situation is different, every organization just has to explore their own way of managing changes because different organizations evolve digital with a different speed. Change Management has a very wide scope and is a relatively new area of expertise. In many circumstances, change management itself has to be changed for fitting the digital new normal. Still, there are common digital principles all kinds of businesses can follow, and there are basic prescriptions for improving the overall "health" of Change Management.

The New Book “100 Digital Rules - Setting Guidelines to Explore the Digital New Normal” Chapter 2 Digital Change Rules Close to reality is that “change” is continuously happening in the environment of a company. Change Management, in fact, is a complex management discipline due to “VUCA” digital new normal. It is critical to capture the right timing for changes, make people at the center of change, and take the logical scenario to make change more nature, and less painful. Thus, it is critical to set digital rules to improve Change Management effectiveness.

Three Change Principles Statistically, more than two-thirds of change effort fail to achieve the expected result. All efforts at having other humans act as you would like to depend, in large part, on circumstances, the number of actions/tactical moves, action sequence, and "action coordination" vary. Therefore, change is situational, these differences have to do with who the people are, what they plan, what and HOW they execute. Although there is no “one size fits all” formula for changes, you can set principles to make Change Management more effective and cohesive.

Fine-Tune Organization Structure to Get Digital Ready?
Due to the “VUCA” nature of digitalization, the business complexity is unavoidable. Organizations that are skilled at managing complexity can gain advantages by pushing the boundaries of a more complicated business mix that provides opportunities to create inter-business value. From an organizational structure perspective, how to fine tune the digital dimensions of your organizational structure development to get digital ready?

Three Principles in Managing Change Continuum Change is a volatile subject, just like change itself. Everything changes continuously by following the laws of evolution, and the rate of change is accelerated. Organizations, like individuals, need to be in flow to operate smoothly. An organization achieves this state of equilibrium through its management practices. The strong support for continuous improvement is an essential strategy. The old stimuli of needing to change because of IT, major competitors or new market entrants are no longer the only catalysts for change. And today it is so much more about sensing emerging customers’ needs and creating new markets. The inevitable range, breadth, and pace of uncontrollable factors acting on any organizations mean constant fine-tuning is essential. Change is not for its own sake, it is an ongoing business capability to execute the strategy and compete for the future. Here are three aspects of managing today’s change continuum.

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