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The Ultramodernism of Digital Organization Digital transformation is inevitable. It’s worth its weight not because of its high cost, but because of its high impact on the business’s long-term prosperity. It represents the next stage of organizational maturity which will improve how the enterprise works and interacts with its ecosystem, achieve high performance and unlock business potential. Digital organizations are hyperconnected, interdependent, always-on and people-centric. Here are some characteristics of the ultra-modern digital organization.
The BoD’s Strategic Oversight of Three Important "Soft" Corporate Capitals The board of directors as the de facto guardian of modern organizations plays an important role in steering the organization towards the better future, helping business management identify and close blind spots in decision-making, pinpoint the root cause of critical business issues, set good policies to drive progressive changes, and monitor business performance closely. The corporate board is also responsible and accountable for protecting the shareholders’ investment and improve the business’value proposition. Besides physical capitals, here are three critical "soft" corporate capitals that the board of directors needs to oversee in order to improve business governance effectiveness and lead the company forward successfully.
Digital CIO’s Next Practices to Lead Differently The digital era upon us means fast-paced changes, continuous disruptions, the exponential growth of information, the emerging lightweight digital technologies, and shortened knowledge life cycle. Clearly, the IT organization needs to reinvent itself from a monolithic back-office function to a mosaic style business growth engine. The role of CIO needs to go through significant changes for getting digital ready. IT leaders must understand what strategic goals of the company are, how they are manifested within the organization, and how they, in turn, build competitive advantage and drive the business forward. They need to develop the best and next practices to lead differently, and shapen multiple skills, be able to advise, influence, and guide for ensuring the right things get done and things get done right.
Five Pillars of Digital Innovation Nowadays, with rapid changes and fierce competitions, innovation is no longer a “nice to have,” but a “must have” competency for long-term business success. Digital is the age of innovation. Highly innovative digital organizations, no matter large or small, are highly dynamic and flexible, focus on solving problems and unleashing business potential. Innovation is not always equal to the latest gadget, it’s about people, culture, partnership, and manner, to build a highly creative working environment and develop differentiative innovation competency. Here are five pillars of digital innovation.
Leading IT Transformation by Overcoming Three Obstacles "Due to the exponential growth of information and changing nature of technology, IT organization needs to keep evolving, shift the management focus, and take a smooth journey of digital transformation. In practice, the path of going digital will not be flat, there are many roadblocks and hidden pitfalls on the way. It takes a lot of energy to break down old habits and outdated processes, make leapfrogging business changes. Here are three barriers IT needs to overcome in order to lead changes and move up to the next level of organizational maturity.
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