Tuesday, April 16, 2019

The Monthly Foresight: The Foresight and Insight of Digital Business Apr. 2019

The forward-looking view of the organization is to determine what the future needs to look like, what the digital organization must look like.

The effects of an increasingly digitalized world are now reaching into every corner of businesses and every aspect of organizations. Digital is the age of creativity and innovation, creativity is the most wanted trait for digital leaders and professionals today, and innovation is the light every organization is pursuing. Which themes shall you set to advocate digital transformation? How to lead to the digital future effortlessly?

The Foresight and Insight of Digital Business



 Gaining Insightful Understanding of Digital Characteristics: The digital organization is a complex ecosystem with the blurring line between functions, organizations, and geographic locations. The forward-looking view of the organization is to determine what the future needs to look like, what the digital organization must look like, and how digital leaders can navigate digital new normal and thrive in the exponential digital era. How insightful digital leaders understand the digital characteristics and how skillful digital leaders swim in the rough sea of information will decide their leadership effectiveness and maturity. 
The “Soul” of Digital Organization We are experiencing the major societal transformation from the industrial machine age with information scarcity to the digital era with knowledge abundance. Consider digital organizations as the self-organized but interlaced environment, going digital is the fundamental shift from the mindset to behavior. It is the movement from static to flow, silo to holistic, and mechanical to organic. To dig deeper, what is the “soul” of the digital organization, how to design, nurture, and renew a highly energetic and high-performance digital business?

A Foresightful Mind? This digital world today differs from anything ever experienced in our history; the interconnectedness of all on a planetary scale. Today we are inextricably linked, in real time and in ways far more imminent than most realize. It is really difficult to become aware of things you are not aware of. Particularly shifts in current norms, which is governed by complexity. Is it possible to “predict” the future, how to apply systems thinking the approach to forecasting, and how to shape such a “foresight” mind?

Running a Future-Driven Digital Organization Digital organizations are the living systems which keep growing and maturing. Organization of the Future is an organization designed openly for anyone with ideas on how human organizations ought to be contrived in the face of the “VUCA” digital new normal, hyperconnectivity and fierce competition. Reimaging the future of business is exciting, but investigating the different path for unlocking business performance and potential needs to take a systematic approach and develop it into a more solid form. Digital leaders must realize that you cannot wait until there is an immediate pressing task, continuous adaptability is necessary in an ever-changing world, in order to run a future-driven digital organization.

Three Aspects in Building a Digital Workplace Digital workplaces are about building an environment with the abundance of information and the culture of innovation, to put people at the center of business, and to both engage employees and delight customers. After clarifying the Big Why, there are still many questions haunting around about the Knowing -HOW, though: Is it possible to have an effective digital workplace where the culture is more command and control, where the chosen solutions simply mirror or reinforce the way of working within that hierarchy, but do so very well? Or is it a prerequisite of an effective Digital Workforce to have that more open culture and "traditional" organizations are facing a culture change task alongside the development of a more effective Digital Workforce? Could you be imposing the current values of collaboration and openness on an effective Digital Workforce, and discounting organizations who aren't making progress in developing their own Digital Workforce? When setting the workplace policy to enforce digital management, are you thinking of guidelines for people? Do you have a basic business conduct policy that people sign when they join?

The Further-Looking Board The digital enterprise consists of an amalgam of socio-systems, techno-systems, bio-systems, and Econo-systems. BoDs as the top business advisor role need to have sufficient knowledge to understand the business ecosystem and sense that the digital transformation is multifaceted; they should have the business vision to predict the emergent trend of business, technology or industry. Therefore, to make the role highly effective, digital BoDs not only need to be forward-thinking, but they also have to be further looking, thinking longer term, guide the executive team toward the right direction and play the management advising role effortlessly.

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