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Five Common Boardroom Mistakes Might Fail the Business for the Long Run The purpose of the governing body, such as the board of directors, is to direct the organization in the right direction, monitor its performance, and set good policies. A highly effective board enables and directs management towards great business outcomes, and ensure the business is on the right track to reach well-defined business goals. However, the real boardroom dilemma is that driving the business forward is extremely difficult in today’s “VUCA” digital new normal. Here are five common boardroom mistakes might fail the business incidentally.
Develop Sensitivity to Digital Emergence? Businesses are systems. Digital businesses are dynamic and keep evolving. It is sometimes useful to define the system then look for or at its emergent properties. You might use "Emergent Property" to mean a property that surprisingly emerges in system operation. You might use "Emergent Property" to mean a property that emerges after a system change such as a company merger. You might use "Emergent Property" for composite system variable value that is more or less than the sum of partial system variable values. You might use "Emergent Property" to mean any outcome of a system in operation. How to develop sensitivity to digital emergence in order to manage digital business systematically?.
Running IT as the “Center of Possibility” IT continues to grow in importance to organizations, both operationally and as a competitive advantage. To keep IT relevant, IT management shouldn't just practice some transactional activities or act as a controller only. It has to explore both the art and the science of digital management discipline, run IT organization as the “center of possibility,” to accelerate its performance and unlock business potential.
Going Digital in a Structural Way The digital shift means change. It represents the next stage of business maturity which will improve how the enterprise works and interacts with its ecosystem. Digital Transformation can give businesses the ability to apply real-time insights across the organization in ways never possible before. The broader you can oversee and the deeper you can perceive the holistic digital impact, the further you can reach the digital vision and the pinnacle of digital transformation. Digital organizations and systems have the characteristics of hyperconnectivity, nonlinearity, adaptability, unrepeatability, and unpredictability. How to gain a comprehensive understanding of digital forces, develop digital management frameworks, or deduct digital formulas to enable systematic macro change, and go digital in a structural way?
Blogging is not about writing, but about thinking and innovating the new ideas; it’s not just about WHAT to say, but about WHY to say, and HOW to say it. It reflects the color and shade of your thought patterns, and it indicates the peaks and curves of your thinking waves. Unlike pure entertainment, quality and professional content takes time for digesting, contemplation and engaging, and therefore, it takes the time to attract the "hungry minds" and the "deep souls." It’s the journey to amplify diverse voices and deepen digital footprints, and it's the way to harness your innovative spirit.
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