Wednesday, September 4, 2019

The Monthly Digital Insight: Leverage Frameworks to Run Digital Businesses Sep. 2019

A solid framework is needed to address the mechanics of getting the work done and varying business factors associated with the digital paradigm shift. 

The digital frameworks add value as they are implementations of the patterns to avoid having to reinvent the wheel, it helps the organization embed a digital culture into the very fabric of the business, explore digital in a structural way and laser focus on the most important things to get business digital ready.

Leverage Frameworks to Run Digital Businesses  

Leverage Digital Framework to Address Business Perspectives and Practicalities The digital world is so information-intensive and the digital transformation is multidimensional. A solid framework is needed to address the mechanics of getting the work done and varying business factors associated with the digital paradigm shift that must take place within the organization at all levels. The framework enables the organization exploring the digital way to run the business by providing the following perspectives and practicalities.

Five-Pillar Framework to Develop the Platform Business The digital organization is a dynamic system which needs to continue evolving and adapting. It can expand and amplify its influence with the ability to create new business models, run a platform business in a hyperconnected digital ecosystem - treat customers, suppliers, channel partners and industrial participants as active agents who can integrate the modular capabilities exposed in a powerful platform to create new experiences and expand its impact. Here are five essential pillars to build a solid framework for developing a powerful platform business.

Three Aspects of Digital Performance Framework Performance Management is supposed to enable business achievement. A suitable Performance Management framework delivers the results the organization needs in a demonstrable or measurable way. A well-designed performance framework helps the management focus on measuring things really matter and facilitate answers to some key questions of performance management such as. (1) What are you trying to achieve? (2) How are you going to measure it? To put it another way: What are your performance goals? How will you know when you've achieved them?

The Business "Problem Framer": Where to Start We live in an era full of uncertainty, velocity, complexity, and ambiguity. The result is a higher risk of business conflicts and change inertia, etc. Organizations shouldn’t just respond to the dynamic digital environment in a reactive way. They need to have a deep insight to identify critical problems and take a holistic approach to solve them effectively. A solution is nothing if the problem is not perceived. Creating awareness of the problem is the first step, but where to start?

The Best “Framework” Quotes of “Digital Master” July 2019 "Digital Master is a series of guidebooks (28+ books) to perceive the multi-faceted impact digital is making to the businesses and society, help forward-thinking organizations navigate through the journey in a systematic way, and avoid “rogue digital.” It perceives the emergent trends of digital leadership, provides advice on how to run a digital organization to unleash its full potential and improve agility, maturity, and provide insight about Change Management. It also instructs the digital workforce on how to shape a game-changing digital mindset and build the right set of digital capabilities to compete for the future. Here is a set of “Framework” quotes in “Digital Master.

The “Future of CIO” Blog has reached 2.9 million page views with about #6000th blog posting in 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. 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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