Organizations can reach the inflection point for change when they can synchronize and conduct change with the scale of interrelations and interactions to make the leap of digital transformation.
Change is a fact of business and life. With the new year ahead of us, are we entering the era of digital learning, inquisitiveness, openness, and exponential? Are we opening the new page of accelerating digitalization and catalyzing innovation? Gaining the perspectives of next level of digital maturity is about having a harmonized vision of overall digital management philosophy, capabilities, structures, and practices. To survive the fierce competition and thrive with the long-term business advantage involve planning, action, adjustment, and speed.
Prediction: Change is in small adaptations that tilt scales, but also in big paradigm shifts that rebuild the scales. Many organizations reach the inflection point of digitalization. Digital leaders need to make their new year prediction and keep gaining the digital awareness, ask themselves and others: What are the emerging trends from industrial, technological or economic perspectives? What needs to be done? What resources do you need to be successful? How will you measure success? Etc. To predict is to control; to co-create is to influence what you would like to bring to the table. Create a future scenario which provides a picture of the future from which you may “back-cast” to discover what decisions may be required at each stage in order to shape the vision. Digital leaders should advocate future trends, inspire and encourage their vision, propose new ideas, promote strategies, generate conviction and enthusiasm for the future of the business. Foresight with a scenario development is actually an ongoing conversation which you keep engaging in, making corrections and changes and not wedded to any particular methodology or technique.
Priority: With unprecedented uncertainty and high velocity, business executives need to keep their eyes open from signs of things they don’t know about and make the necessary strategic adjustment for adapting to the ever-changing business dynamic. The reality is that there are a lot of things that can go wrong and it is not always easy to identify what is important. The pitfall is that often the top managers haven’t done enough to set the right priority and communicate strategies thoroughly with employees. The challenge is to prioritize what you know about and keep an eye open for signs of things you don't know about. Prioritization is critical because the alternative is a land grab for resources. The objective of prioritization shouldn't be to work on only those for which you have staff, it should be to maximize what you can accomplish through creative leverage of your talent pool and business competency. Technically, to improving business maturity, organizations should embed prioritization mechanism into the multitude of management disciplines to improve organizational responsiveness. Make the continuous effort to develop, improve, and change things in a prioritized order as long as it creates a long-term business advantage and solves critical business issue timely with cost-efficiency.
Digital transformation is the ongoing journey, with the updated management philosophy and practices. New Year is the perfect time for digital leaders to predict, prioritize and practice the better ways of leading changes. They must realize that they cannot wait until there is an immediate pressing task, continuous adaptability is necessary in an ever-changing world. Organizations can reach the inflection point for change when they can synchronize and conduct change with the scale of interrelations and interactions to make the leap of digital transformation.
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