Monday, July 8, 2019

The Monthly “Digital Master” Book Tuning: Develop Unique Business Competencies July 2019

The core business competency is an integrated set of capabilities contribute directly to the competitive advantage of the business organizational maturity.

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. Digital Master refers to those high-performing, highly innovative and high-mature (less than 15%) digital organizations; they have both clear digital vision and well-crafted digital strategy; they are courageous to be in the vanguard of digital transformation with a quantum lead. 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.

          Develop Unique Business Competencies  

Building Digital Competency to Improve Business Maturity Organizational maturity is assessed based on the overall business effectiveness, efficiency, operational excellence. agility, innovation, intelligence, resilience, and people-centricity. Many organizations are on the journey of digital transformation which represents the next stage of business maturity and will improve how the enterprise works and interacts with its digital ecosystem, with people at the center of its focus. But more specifically, what are further aspects of building digital competency and logical steps for improving business maturity?

Running Digital Organizations with Differentiated Business Competency The characteristics of digital business are dynamic, volatile, uncertain, and hypercompetitive. Digitalization implies the full-scale changes in the way business is conducted so that simply adopting a new digital technology isn’t insufficient. You have to continuously scale up and dig underneath, optimize organizational processes and develop business capabilities, transform the underlying organizational structures and functions to ensure the business as a whole presenting the differentiated business competency and running with digital speed. Here is a set of differentiated business competencies.

Shaping IT Competency to Drive Digital Transformation? Digital businesses are becoming complex and uncertain. Technologies nowadays are the disruptive forces behind digital disruptions, and information is one of the most invaluable assets of modern businesses. Organizations across industrial sectors rely more and more on information and technology. Thus, from a strategic perspective, to survive and thrive, it’s not sufficient to run IT as a commodity service provider, IT is the value-added business partner that makes the company different and achieve more. IT organization has more to offer but also has more obstacles to overcome. How to shape IT competency and improve IT performance and maturity.

Three Differentiated Digital Competencies The exponential growth of information and the increasing pace of changes create digital characteristics such as uncertainty, volatility, complexity, unpredictability, and ambiguity. The emerging digital organizations should leverage digital technologies and tools in enforcing holistic strategic planning, cross-functional collaboration, and dynamic processes management for improving organizational performance and maturity. To thrive in today’s digital new normal, digital leaders must see possibilities before others and develop their unique leadership competencies for driving the digital transformation effortlessly.

Mapping Business Competency with Digital Transformation? Digital capabilities are the fundamental building blocks in digital transformations with which companies can transform business models, customer experiences, operational processes, and talent development to reach the high-level business agility and maturity. Digital capabilities cut across all functional pillars. The often described attributes of business capabilities include such as robustness, speed, comprehensiveness, responsiveness, agility, improvement, sensitivity, optimization, resilience., etc. Traditional organizations are often process driven or operation oriented, but digital organizations should be capability-driven to execute business strategy and leapfrog digital transformation. The core business competency is an integrated set of capabilities contribute directly to the competitive advantage of the business, organizational maturity, enable and accelerate digital transformation.

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