Saturday, March 16, 2019

The Monthly “Digital Fit” Book Tuning: Growth Fit Mar. 2019

The digital organization is the dynamic business ecosystem with the two most basic systemic structures which are the balancing cycle and the growth cycle.

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. But what are digital organizational traits, how to define digital fit and take a structural approach for digitalization?

                         

The Growth Fit


Fixed vs. Growth Minds: At traditional organizational setting, people are hired to do their job with compliance; and managers are hired to manage projects or people with control. However, businesses large or small are faced with rapid changes and digital dynamic. Such static management practice based on the fixed mindset is no longer sufficient to adapt to the changes or lift business up to the next level. Which shift is needed for smooth digital transformation?

The Organization’s Digital Fit The multidimensional digital transformation provides impressive advantages in terms of the speed of delivering business solutions and the ability to adapt to changes. Either be a disrupter or being disrupted, digitalization makes significant impacts on every aspect of the business from people, processes, to technology and capability both horizontally and vertically. The effects of an increasingly digitalized world are now reaching into every corner of businesses and every aspect of organizations. So, how can organizations keep digital fit and highly-responsive because nowadays digital businesses need to be fast, always “on,” highly connected, interdependent, and ultra-competitive?

How to Keep Organization Grow and Flow Organizations, like individuals, need to be in flow to operate smoothly. An organization achieves this state of equilibrium through its management layers. In other words, an organization can approach the flow zone when the positions in its hierarchy have clear, accountable tasks. To put simply, how to keep organizations flow and grow into digital masters?

Three Growth Forces to Accelerate Digital Business Performance? The digital organization is the dynamic business ecosystem with the two most basic systemic structures which are the balancing cycle and the growth cycle, and their emergent characteristics just happen to be balance and growth. Change is the new normal, and change can be an opportunity, but at the end of the day, it needs to be all about moving the business numbers upwards. Although we have to change with the "tide," companies that lead in digital transformation, are much more likely to have a top executive team who understands digital opportunities and threats and who can enforce the business growth forces for the strategy execution and accelerate digital business performance.

Three Digital Traits of Digital Masters Digital Master refers to those high-performing, high-innovative and high-mature (less than 15%) digital organizations that have both clear digital vision and well-crafted digital strategy, and 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.

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