It’s critical to identify, understand, and avoid pitfalls, discover strategic and predictive pathways of digital transformation.
Be Cautious of Classic Management Pitfalls
Bureaucracy as a Business Management Pitfall? The root of the word "bureaucracy" is: bureau(fr) = desk and kratos(gr) = rules/ power. Generally speaking, bureaucracy is a system based on a hierarchy of authority and division of workforce functioning in a routine manner. Though organizational bureaucracy inherited from the traditional management discipline brings a certain level of business efficiency. It is criticized by the lack of system perspective, with characteristics such as inflexibility, inefficiency, silo, stagnation, unresponsiveness, or lack of creativity, etc. Bureaucracy is correlated with a mechanistic view of the organization and reductionistic management discipline. It is the opposite of systems thinking and one of the big digital management pitfalls.
The Cause and Effect of Misinterpretation Due to an unprecedented level of uncertainty, velocity, and complexity, misunderstanding, misinterpretation or miscommunication are the big causes of many human problems. Often cognitive difference, knowledge gap, or lack of contextual understanding cause misinterpretation. Misinterpretation or miscommunication further cause misguidance that perhaps means making poor judgments or steering the business in the wrong direction and leads business stagnation.
How to Overcome Learning Inertia Digital means the abundance of information and a shortened knowledge cycle. As companies around the world transform themselves into the digital business that is based on information, their ability to explore intangible assets such as information and knowledge has become far more decisive to build competitive business advantages. Both at the individual and organizational level, if you fail to climb the learning curve, you will get static and lag behind. Business leaders should be aware of learning curves or learning inertia, make an objective assessment of their organization’s learning competency.
How to Close Motivation Gap? Motivation is not only about the feeling, but a combination of several emotions also describes the trajectory of behavior. All motivation is a form of consciousness. It gives you the energy to do everything that you must do. Motivation is the "cognitive momentum" that comes from consistently applying the habits congruent with the achievement of the goal. You are motivated to move away from something because it is painful and also move towards something which is inspiring.
Five Roadblocks Enlarge Innovation Gaps In the rapidly evolving businesses and economic systems, innovation in the digital era is coming at a seemly much faster pace, it is critical for firms' survival and thriving. Innovation management also becomes very complex, actually many think that digitalization enlarges thinking and innovation gaps because different individuals, functions, and organizations evolve change and ride learning curve with varying speed. Nowadays, innovation is perhaps the only way of applying creativity systematically in real life and running the business to win over competitions. Here are five roadblocks enlarge innovation gaps.
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