Digitalization implies the full-scale changes in the way the business is conducted and expand business transformation to the multiple directions.
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. Digital Master refers to those high-performing, highly innovative and high-mature (less than 15%) digital organizations; they have both clear digital vision and well-crafted digital strategy; they are courageous to be in the vanguard of digital transformation with a quantum lead. Digital leaders must realize that you cannot wait until there is an immediate pressing task, continuous adaptability is necessary in an ever-changing world, in order to run a future-driven digital organization.
A Set of Practices to Make Digital Leap
Three Practices to Drive Digitalization Digitalization implies the full-scale changes in the way the business is conducted and expand business transformation to the multiple directions. There is no one size fits all formula to pursue it. Understanding that digital business development is multifaceted. It has to permeate into business vision, strategy, functions, communication, processes, and culture. etc. It is the transformation that is reshaping our thinking and recasting the way we view ourselves, the systems of which we are the part of the environments in which we live, and the way we think, work and solve problems. Here are three practices to adapt to the new normal of the business world, make change proactively and drive digitalization effortlessly.
Heralding an Ecological Digital Organization? Digitalization makes a profound impact from a specific function to the business as a whole, building an organization of the future is not too far away. Digital organizations are hyperconnected and interdependent. They need to have an in-depth understanding of gains and pains of organizational design and development. They should also renew themselves periodically to cope with the change effectively to the best of their ability. Heralding an ecological digital organization need to emphasize participation, relationships, communication, and collaboration and unlock business performance and potential continually.
Build Digital Multiplier to Improve Business Fluidity? When jumping into the “VUCA” digital new normal –volatility, uncertainty, complexity, and ambiguity, organizations that do not respond to external environmental changes timely will quickly outcompete as more nimble and adaptable companies catch up the digital trend and run at a faster speed. Organizations need to be in flow for communicating fluently and operating smoothly. Business leaders should envision where the future will be for the business in order to adapt to changes timely. It’s important to identify core business competencies, break down silos or overly rigid hierarchy, and build digital multipliers to improve business fluidity.
Three Fresh Twists to Deepen Digital Impact? Organizations of the future are increasingly exhibiting digital characteristics such as hyperconnectivity, fierce competition, and interdependence in various shades, extensiveness, and intensity. Organizations today across the industrial sectors aim to move into a more advanced stage of digital deployment by tailoring their own unique strength and business competency. They need to keep making fresh twists, fine-tune methods and processes, and stretch out in every business dimension for deepening their digital impact and driving a seamless business transformation.
Three "Unlocking" Efforts to Boost Digital Synergy? The digital organization is a complex ecosystem with the blurring line between functions, organizations, and geographic locations. The combination of ever more rapid technology evolution, exponential information growth, and the multi-generational workforce will have more influence over businesses and society. Digitalization is the broader and longer journey with many learning curves and hidden pitfalls. Here are three “unlocking” efforts to help organizations boost business synergy and accelerate digital transformation.
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