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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.
An Innovative Board: Setting Guidelines to Catalyze Innovation Digital businesses encourage autonomy and innovation. The corporate board plays a critical role in making good policies and setting right guidelines to catalyze innovation. Digital principles provide a more robust foundation that makes it possible to straightforwardly derive solution-level governance and ensure the effectiveness of innovation management practices. Sharpening innovative “directorship” for getting digital ready is imperative for setting the top leadership tone to rejuvenate the culture of creativity and run a highly innovative digital organization.
Does Passion Fuel Creativity? Passion is an emotion, which is something that comes from within, the bottom of your heart, with the strong sense of connection with "self," not only the reasoning of your mind. What fuels passion? It is a combination of intrinsic and extrinsic factors. It comes both from heart and mind. Does passion stimulate creativity? How to discover your creative passion?
Running Digital IT with Pragmatic Advancement With increasing pace of changes and emerging on-demand IT service models, many IT organizations are at the crossroad to either transform themselves as the strategic business partner or gradually turn to be irrelevant. When IT becomes only the mechanism for realizing a vision described by other C-level executives, it becomes a commodity. An effective CIO is a true business partner! Leading CIOs must be able to convey the technological vision, run a high-performance digital IT organization with pragmatic advancement and drive changes proactively.
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.
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