Reimagining the future of business is exciting, but investigating the different path for unlocking business performance takes strategy, methodology, and practice.
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.
The Hard Competency & Soft Touch of Digitalization
Running Digital Organizations with Differentiated Business Competency The characteristics of digital business are dynamic, volatile, uncertain, and hypercompetitive. Digitalization implies the full-scale changes in the way business is conducted so that simply adopting new digital technology isn’t insufficient. You have to continuously scale up and dig underneath, optimize organizational processes and develop business capabilities, transform the underlying organizational structures and functions to ensure the business as a whole presenting the differentiated business competency and running with digital speed.
Take a Rational Approach to Going Digital? Digital disruptions are inevitable, and digital transformation is unstoppable. With “VUCA” digital new normal, the very characteristics of digitalization are hyper-connectivity and interdependence. Digital disruptions are frequent and unstructured. Businesses leaders just have to get used to the new normal, learn how to deal with them smoothly, and take a rational approach with accumulated and iterative steps to going digital proactively?
Year-End Summary: The Most Popular Blogs about Digital Transformation 2018? 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. But they also proactively develop more advanced and unique digital capabilities step-by-step and build a digital premium into their very foundation of business, such as digital thinking, culture, agility, intelligence, and structure, and they achieve high performing results through strong digital governance discipline and reach its zenith as the digital world continues to expand and diversify.
Running a “Programmable” Future of Digital Organization Reimagining the future of business is exciting, but investigating the different path for unlocking business performance takes strategy, methodology, and practice. The multidimensional digital effects provide impressive advantages in term of the business speed, the abundance of information, and the quality of the digital workforce. The future of digital organization needs to be non-stop, instant-on, adaptable to change, open to new knowledge, informative and innovative. The future of the digital organization presents the programmable capability which enforces adaptability, exhibits the willingness and ability to learn and then applies those lessons to succeed in new situations and makes a leap of digital transformation.
The Digital Management Formula? The digital paradigm has many dimensions, with hyperconnected nature and many moving pieces. The digital management is a hybrid and holistic discipline with many mixed parts. It consists of the interlocking function of making corporate policies, organizing, planning, controlling, and directing the organization’s resources in order to achieve the objectives of that policy. The breadth and depth of digital management include people (skills and capability), process ((workflow, process effectiveness, and efficiency), the organizational structure design, technology update, knowledge transfer, and performance evaluation. Although there is no such a one-size-fits-all digital management formula, still, here are a few important management components to explore and exploit digital to improve business maturity.
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