Saturday, December 22, 2018

The Monthly “Dot Connections”: Transaction vs. Transformation Dec. 2018

The effects of an increasingly digitalized world are now reaching into every corner of businesses and every aspect of organizations. Organization of the Future is an organization designed openly for anyone with ideas on how human organizations ought to be contrived in the face of the strategic imperatives of the digital era. The work is not the place you go, but a live organization and an experiment lab you can connect the future dots.


Transaction vs. Transformation

Transactional vs. Transformational Digital Competency? Forward-looking organizations are on the journey of digital transformation, to become more nimble, innovative and customer-centric and achieve a high-performance business result consistently. To reach the digital vision, businesses have to build the healthy digital capability portfolio with the balance of transactional capabilities for “keeping the lights on,” and the transformative capabilities for lifting the organization to the upper level of maturity. The cohesive set of business capabilities is built into the digital competency of the organization for gaining the long-term business advantage.

The Five Dimensional Hybrid Models for Going Digital? The digital paradigm has many dimensions. Digital organizations today have the hybrid reality with both physical buildings and virtual platform, the old way and the new way of doing things. It implies the “always on” and hyper-connected business nature, exhibiting digital characteristics in various shades, extensiveness, and intensity. Therefore, the digital management needs to adopt a hybrid model and take the holistic discipline with mixed management styles for managing everything that is necessary to get digital ready.

Transaction vs. Transformation A well-run business has a healthy business portfolio of “running, growth, and transformation,” focus on both short-term gain and a long-term win, to manage a seamless business transaction and transformation continuum. Here are three perspectives to connect dots between transaction vs. transformation.

The CIO’s Journey: Transactional IT vs. Transformational IT The majority of businesses today are on the journey to digitalization and globalization. The reason is that the world is becoming smaller every day and as the consequence, every successful business has to sooner or later go beyond borders. At the same time, the global business landscape is only becoming more complex due to varied factors. And it is in this context that organizations build business verticals within to manage the complexity. So the logical concerns could be: What kind of IT leaders are on demand? Transformational or transactional? What’re differences between Transformation vs. Transaction? How would you define differences between Transactional and Transformational CIOs?

Change vs. Transformation Change or Transformation is at every progressive organization's agenda, are they the same or have differences? What's leading to change or on the journey of transformation?

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