Sunday, August 25, 2019

The Monthly “Principles & Practices" Summary: Setting Principles to Drive Digital Transformation Aug. 2019

Digital transformation is rarely a straight line. It is all about interaction, incrementalism, and innovation.

A well-defined set of digital rules are not for limiting innovation, but for setting the frame of relevance and guide through changes and digital transformation. The purpose of “100 Digital Rules: Setting Guidelines to Explore Digital New Normal “ is to establish digital principles and update business policies that can be applied holistically and guide the digital transformation systematically. Here is a set of digital principles to drive digital transformation.

         Setting Principles to Drive Digital Transformation 

Setting Digital Rules to Guide Digital Transformation Digital transformation is rarely a straight line. It is all about interaction, incrementalism, and innovation. The journey is far more important than the destination. Digital organizations have to adapt to the continuous changes and are able to follow digital principles, revise business rules, reconfigure organizational structures and change their own behaviors for its adaptation to environmental changes and business dynamic, to get digital ready.

Three Principles to Practice Expertise Power Power has many different formats; some visible, some invisible; some are earned, some are given; some are delightful, some are intimidating. There are three powers either as visible or invisible hands in an organization: Structural power (the position with the organizational hierarchy), expert power (business and technical knowledge), and connection power. Due to the exponential growth of information and the shorten knowledge cycle, expert power is perhaps more powerful than other types of powers in the digital era because the brainpower can stimulate all kinds of creativity; and the knowledge power is the key for any sort of human progress. Here are three digital principles to practice expert power effectively.

Applying Strategic Thinking Principles to Drive Digital Transformation In the digital era, any business can be at risk for survival at any minute due to continuous digital disruptions and change as the new normal with a faster pace and broader spectrum. Digital leaders and professionals must be comfortable with “VUCA” reality, apply strategic thinking principles to broaden their outlook, envision the bigger picture, keep the end in mind in order to drive digital transformation in a structural way.

Three Measurement Principles to Accelerate Stellar Business Performance? Enterprise Performance management is a holistic management discipline involving development, enablement, and enhancement. One of the biggest pitfalls for performance measurement is about measuring the “part” with ignorance of the “whole.” Thus, outcome-based measurement practices are important to focus on the performance of the entire organization by taking a multidimensional approach to connect all important dots with multifaceted perspectives. In practice, the more meaningful and important things you want to assess, the harder it is to measure objectively. Here are three measurement principles to accelerate steller business performance.

Setting Digital Principles to Guide Through Digital Transformation Credo is a Latin word that means "a set of fundamental beliefs or a guiding principle." For a company, a credo is a set of well-defined principles based on its management philosophy. Principles are general rules and guidelines, intended to be enduring and seldom amended. Philosophy is the history of ideas and an ongoing inquiry into the nature of things based on abstract reasoning rather than empirical method. Digital means flow; digital organizations have to adapt to the continuous changes and business dynamic to get digital ready. The challenge is to prioritize what you know about and keep an eye open for signs of things you don't know about. Therefore, it is important to develop your own company tailored credos to inspire change mentality, motivate positive attitude and good behaviors, and to generate winning concepts for digital transformation on a consistent basis.

The “Future of CIO” Blog has reached 3 million page views with about #5900th blog posting in 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. The “Digital Master” book series includes 28 books to share insight from the multidimensional digital lens and perceive the multi-faceted impact the digital era upon us is making to the businesses and society. The content richness is not for its own sake, but to convey the vision and share the wisdom. Blogging is not about writing, but about thinking and innovating 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 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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