Monday, September 9, 2019

The Monthly “100 Digital Pitfalls” Book Tuning: Overcoming the Variety of Business Inertia Sep. 2019

One the biggest challenges to overcome the digital inertia is to cultivate a proactive attitude, build differentiated competencies to take the business from where you are to the next level of digital maturity.

Digital makes a significant impact on how we think, live, and work. There is a mix of old and new, physical and virtual, order and chaos. We are in a time of tremendous change, the dawn of the digital age, the path to the next level of digital maturity, also in the era of confusion and information overload. Therefore, it’s critical to identify, understand, and avoid pitfalls, discover strategic and predictive pathways to change, increase confidence, position a brand and leverage resources to make the digital paradigm shift effortlessly. Slideshare Presentation

                 Overcoming the Variety of Business Inertia 

How to Overcome Three Digital Inertia We have moved into the deep, deep digital age when information is abundant and where creativity becomes a baseline competence. The race of information against the machine is ongoing, and the knowledge life cycle is significantly shortened. Many organizations are also at a crossroad facing unprecedented change and uncertainty, the significant business transformations are needed to digitalization, globalization, and radical innovation management. However, statistically, more than two-thirds of Change Management effort fails to achieve the expected result, so what are the digital inertia you need to deal with, in order to manage a successful digital transformation journey frictionlessly and ultimately build a Digital Master?

How to Handle Change Inertia with Empathy Change is the new normal, but it also becomes fundamentally difficult in most organizations due to the change inertia, also because it is treated as something distinct from running the business, evolving performance and increasing results over time. Statistically, more than 70% of the change management effort fails to achieve the expected result. So, which principles should you follow to communicate changes and transformation is dimensionally bigger, and much more pervasive/ invasive, how to weave all important elements in Change Management more seamlessly to orchestrate a harmonized digital transformation symphony?

How to Overcome Learning Inertia Digital means the abundance of information and a shortened knowledge cycle. As companies around the world transform themselves into the digital business that is based on ‎information, their ability to explore intangible assets such as information and knowledge has become far more decisive to build competitive business advantages. Both at the individual and organizational level, if you fail to climb the learning curve, you will get static and lag behind. Business leaders should be aware of learning curves or learning inertia, make an objective assessment of their organization’s learning competency.

How to Overcome the Inertia in Decision Making One of the most important tasks for management is to make decisions, however, across the sectors, many management teams are happy to "put off making decisions till tomorrow, that is needed today." This is nothing new; in many organizations, indecision is masked as patience. So what’re the root causes in deferring making a decision? And how to overcome such inertia in decision making?

Change Management Sum Up: How to Overcome Change Inertia II Change is inevitable, and organizational change becomes a common practice within an organization, but more than two-thirds of change efforts fail to achieve the expected results. What are the barriers to cause change failures, how to overcome change inertia, how to make Change Management tangible rather than fluffy, and manage change life cycle effectively?

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