Tuesday, February 19, 2019

The Monthly Digital Principles/Practices Summary: A Set of Digital Practices to Improve Business Maturity Feb. 2019

The high mature digital organization today needs to be sophisticated enough to act intelligently and nimble enough to adapt to changes promptly. 

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. Here is a set of best and next practices to improve business maturity.

A Set of Digital Practices to Improve Business Maturity

Three Digital Balance Practices for Leading to the Future? With fast-paced changes, shortened knowledge cycle and fierce competitions, no one can rest on a static mindset, past accomplishments, or the wishful thought that everything is perfect the way it is. The digital workforce is a new breed - it's the super-connected generation with a multitude of varieties - multi-generations, multidimensional intelligence, multi-cultures, and multi-devices. The digital organization is the self-organized but interlaced and hyper-connected ecosystem. The high mature digital organization today needs to be sophisticated enough to act intelligently and nimble enough to adapt to changes promptly. The traditional management discipline based on silo thinking, linear logic, and reductionistic approach is outdated somehow. Here are five thinking forces to lead the digital transformation.

Three Practices to Enforce “Antifragility” of the Digital Organization Digitalization is not equal to digital information or technology only. At the high maturity level, organizations have to stretch out in every business dimension for driving radical business transformation and exhibiting distinct characteristics in various shades and intensity. The more effortlessly you can align, integrate, harmonize, and optimize the important business factors inside an organization, the closer you can accelerate performance and lead changes effectively. Business is a system, antifragility is a property of systems that increase in adaptability, flexibility, resilience, or robustness as a result of stressors, shocks, volatility, disruptions, or faults. The digital organizations with ‘antifragile’ characteristic can better survive and thrive in volatility and uncertainty of the digital dynamic. Here are three practices to enforce the antifragility of the digital organization.

Three “Digital Fit” Practices to Run High Mature Organization: Digital is all about the exponential growth of information and the rapid speed of changes. From the business management perspective, one of the good reasons for change is to keep the organization fit, and a fitting business has better changeability and higher performance. Digital organizations need to keep both the business balance cycle and growth cycle, develop the best and next practices to “run, grow, and transform.”

The Digital Leaders and Best Practices: The Goldilocks Kind of Thing? Generally speaking, the best practice is a recommended way of doing things. Whatever the activity, there is one best way of performing it; the way that uses the least resources or takes the least time and still meets quality standards. That method is the best practice. However, the best practice is contextual, Best Practice can mean different things in business, and how the “best practice” is used is important for running the business. Often the industry best practices shared with different companies are average workflow. If you work for “the best practice,” you will be at the average. Are the relationship of the digital leaders and best practices, the Goldilocks kind of things?

Three Digital Practices to Read Digital Sentiment Insightfully Leadership is all about future and change; direction and progress. From an agricultural society to the industrial age, and now we slowly but steadily move into the fast-paced and information abundant digital era. A digital paradigm is an emerging digital ecosystem of principles, policies, and practices that set limits or boundaries. Digital leaders today have to read digital sentiment insightfully, set the guidance for problem-solving or creating something new under the digital rules, keep information flow and achieve a state of dynamic balance.

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