Saturday, September 8, 2018

The Monthly “Lesson Learned”: How to Overcome Digital Conundrum Sep. 2018

 The ability to change and business adaptability directly decide the organization’s long-term competency. 

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 Overcome Digital Conundrum

Three Symptoms of Digital Conundrum? The digital paradigm shift means radical change. It represents the next stage of business maturity which will improve how the enterprise works and interacts with its ecosystem, with people at the center of its focus. Digitalization has multifaceted perspectives unfold into wider multi-dimensionally enhancing systemic continuum. In the digital organization, change is the new normal, happens all the time. The ability to change and business adaptability directly decide the organization’s long-term competency. However, Change Management has a very low success rate, business leaders should pay more attention to the symptoms of the digital conundrum, and ensure that change becomes the ongoing capability and an iterative business continuum.

Three Change Dilemmas? The digital business dynamic allows the organization to morph into the business conditions and organizational capacities change to allow a better fit. Change is inevitable, and the pace of change is increasing. But change is never for its own sake, one of the good reasons for the change is to solve business problems both large and small, hard and soft. Change is neither an isolated nor a random initiative, it is an ongoing business capability. Change is complex as well, here are three change dilemmas.

Three Misguidance Stifles DigitalizatonDigital means flow and high velocity, closer to reality is that 'change' is continuously happening in such a dynamic environment of a company, with accelerated speed. It indicates that business leaders must learn how to strike a right balance between managing complex issues today and forecasting the uncertain issues of tomorrow, commit to transforming themselves into a highly innovative digital business powerhouse. Misguidance will cause business failing and stifle digitalization. To stay competitive, companies must be steered in the right direction, move from “Doing Digital” - experimenting with digital technological tools to “Being Digital” - running a full-fledged digital organization.

Avoid Digital Traps to Enhance Digital Fluency? A digital organization can bring greater awareness of intricacies and the systemic value of organizational practices, business capabilities, people dynamics, resource alignment, or technological touches. There is no one size fits all formula to pursue digitalization, each organization just has to "walk the talk," avoid hidden traps and explore their own way, build their own differentiated business competency to reach the next level of business maturity.

The Making and Breaking Points of IT Digital Transformation We are living in an information explosive world where technology is pervasive and the masses are looking for their own experiences to introduce new technologies into the business, leverage information in decision making and innovation management. Forward-thinking organizations declare they are in the information management business to improve organizational competency and long-term business growth. CIOs have to deal with rapid changes, constant ambiguity, increasing complexity, and unprecedented uncertainty. Here are a few making and breaking points of IT digital transformation.

The “Future of CIO” Blog has reached 2+million page views with 5000+ blog posting in 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. blog posting. The content richness is not for its own sake, but to convey the vision and share the wisdom, to inspire critical thinking and spur healthy debates. 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 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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