Friday, December 6, 2019

The Monthly Foresight: Prediction and Prevention Dec. 2019

The tides of change and waves of disruptions indicate that business leaders couldn’t predict the future with a certain degree of accuracy. 

The effects of an increasingly digitized world are now reaching into every corner of businesses and every aspect of organizations. Digital is the age of creativity and innovation, creativity is the most desired trait for digital leaders and professionals today, and innovation is the light every organization is pursuing. Which themes shall you set to advocate digital transformation? How to lead to the digital future effortlessly?


Prediction and Prevention  

Can Systems Thinking Predict Consequences? Systems Thinking is a way of thinking to understand holistically the interconnections and interdependencies between parts. The digital business ecosystem is complex and hyper-connected, can Systems Thinking predict consequences based on its in-depth understanding of organizational context and systematic view of business complexity, if so, why isn’t it used more? What are the important factors for applying System Thinking to problem-solving and decision making effectively?

Three Aspects of Preventing problems Due to fast-paced change, the exponential growth of information and continuous digital disruptions, opportunities and risks co-exist. Forward-looking organizations should manage them well and adapt to digital new normal for creating a winning digital dynamic. Risks are simply potential problems. Preventing the problem is more superior to fixing issues. It is supposed to be one of the main principles for problem management.

Running a Predictive, Precise, and Proactive Digital IT All forward-looking organizations are declaring they are in the information management business regardless of the sectors and nature of the business. IT is thriving to grow vigorously, to flourish and become the game changer of the business. It is important to run a predictive, precise, and proactive digital IT organization with interdisciplinary management practices to reach the next phase of digital blossom.

Driving Change with a Full Cycle of “Forming, Storming, Norming, Performing, and Transforming” The digital era upon us is all about the increasing pace of changes, technology-driven disruptions, and "always-on" businesses with blurred functional, business, or industry territories. Going digital is about breaking down silos, applying the holistic digital management discipline to enter the next business growth cycle and expand organizational horizons to reach a higher level of business maturity. Organizational change management is not just about a few spontaneous businesses initiatives for reacting to business dynamic. It needs to drive changes systematically with a full cycle of “forming, storming, norming, performing, and transforming.”

How to Deal with Business Dynamic with “Unpredictability, Uncertainty, and Unrepeatability”
The tides of change and waves of disruptions indicate that business leaders couldn’t predict the future with a certain degree of accuracy. To tackle great challenges with grand consequences over long time spans, they need to become highly visible, proactive, and innovative for dealing with an unprecedented level of uncertainty, unrepeatability, and unpredictability effectively.

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