Monday, February 11, 2019

The Monthly “100 Digital Pitfalls” Book Tuning: Be Aware of Digital Stagnation Feb. 2019

Too often, changes are made as a reaction to outer impulses, disruption, or crisis; that is the bureaucratic attitude to deal with "VUCA" digital new normals.

Digital makes a significant impact on how we think, live, and work. There is a mix of old and new, physical and virtual, order and chaos. We are in a time of tremendous change, the dawn of the digital age, the path to the next level of digital maturity, also in the era of confusion and information overload. Therefore, it’s critical to identify, understand, and avoid pitfalls, discover strategic and predictive pathways to change, increase confidence, position a brand and leverage resources to make the digital paradigm shift effortlessly. Slideshare Presentation

         Be Aware of Digital Stagnation

Three Root Causes of Digital Stagnation? Change becomes the new normal, and even the speed of change is accelerating. Either for individuals or businesses today, change is inevitable, some of us get it quicker than others. But too often changes are made as a reaction to outer impulses, crisis. From a change management perspective, what's the psychology behind the change? What are the possible change pitfalls on the way? What would be a good way to empower change agents and develop changeability? Many organizations are on the journey of digitalization, what are the root causes of digital stagnation?

Five Pillars of Digital Stagnation Either for individuals or businesses today, change is inevitable, some of us get it quicker than others. But too often changes are made as a reaction to outer impulses, disruption, or crisis. The digital transformation is all about the rapid changes with blurred functional, business or industry territories and expanded organizational horizons. Forward-looking organizations have to stretch out in every business dimension for driving the full-fledged digital transformation. However, many companies get lost or get stuck on a digital journey. What’re the root causes and pitfalls on the way? Here are five pillars of digital stagnation.

Are You Running a Stable Business or a Stagnant Organization With the exponential growth of information, businesses need to grasp opportunities for growth but also manage risks effectively. With the increasing pace of change and fierce competition. Organizations must keep the lights on and also make strategic movements all the time. Stability is not equal to stagnation. Like running up to the string, you have to strike the right balance.

Is your Organization in the Progress, Plateau or Stagnation of Digital Transformation? Digital makes a significant impact on every aspect of the business from people, process to technology both horizontally and vertically. However, businesses evolve changes at a different speed because they are at a different stage of the business life cycle, as well as they are in a different level of business maturity. Hence, in order to lead change effectively, business leaders should do the check-up continuously: Is your organization in the progress, plateau or stagnation of digital transformation? And how to create momentum and lead change more effortlessly?

Three Syndromes Decelerating Digital Transformation of IT Forward-looking organizations are on the journey of digital transformation, and IT is a key enabler. Information technology is penetrating into every core process of the organization; how agile the organization can adapt to changes and how intelligent the organization can capture business insight are often dependent on how effective the company can manage information and knowledge. Hence, IT as the information steward of the business plays a crucial role in business growth and innovation. However, there are pitfalls on the way to stop IT from reinventing itself, and there are a few common syndromes of decelerating the digital transformation of IT.

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