Thursday, February 6, 2020

The Monthly “100 Digital Pitfalls” Book Tuning: Pay Attention to These Mismanagement Pitfalls Feb. 2020

 In today’s dynamic digital business environment with hyperconnectivity and interdependence, the traditional management based on linear thinking and reductionist logic is outdated, causes silo or frictions, and decelerates business speed.

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.

The purpose of 100 Digital Pitfalls: How to Overcome Pitfalls on the Path of Going Digital” is to throw some light on how to identify, understand, and overcome common pitfalls on the digital journey, dig underneath the surface, and take a holistic approach to integrate both hard and soft elements for improving the long-term organizational competency and reaching the high-level of business maturity.

Pay Attention to These Mismanagement Pitfalls  

The Pitfalls of Linear Thinking and Traditional Management Linear thinking is viewed by many as being simply the opposite of closed-loop thinking (thinking in a straight line rather than circularly). As linearity often implies cause and effect with no feedback. In the industrial setting, business management often practices linear thinking with a set of linear skills; it perhaps works in the considerably static and silo business environment. However, in today’s dynamic digital business environment with hyperconnectivity and interdependence, the traditional management based on linear thinking and reductionist logic is outdated, causes silo or frictions, and decelerates business speed.

Three Pitfalls in Boardroom The modern digital board has many responsibilities also gets a lot of frustration and hits many pitfalls on the digital transformation. Driving the business forward is extremely difficult. This means looking into an unknown future and attempting to define the landscape with its risks and opportunities, to steer the business in the right direction. Here are three pitfalls in digitizing the boardroom.

How to Avoid Pitfalls in Innovation Management Innovation is both art and science. Innovation is a systematic way of applying creativity in real life and business. In general, business innovation is a management discipline, and innovation management has an overall very low success rate. The reasons why failure occurs vary widely, it is no wonder why many leaders are reluctant to act on bold ideas with good business potential due to the high likelihood of failure. So more specifically, what are the pitfalls in innovation management and how to manage innovation more effectively?

Performance Management Pitfalls Performance management is about how organizations manage performance at both strategic and operational levels to achieve the well-set business goals and objectives. Due to fierce competition and exponential growth of information, Performance Management is critical as new competitive challenges and active market changes underscore the strategic imperative of managing performance more than ever.

The Cause and Effect of Misinterpretation Due to an unprecedented level of uncertainty, velocity, and complexity, misunderstanding, misinterpretation or miscommunication are the big causes of many human problems. Often cognitive differences, knowledge gaps, or lack of contextual understanding cause misinterpretation. Misinterpretation or miscommunication further cause misguidance that perhaps means making poor judgments or steering the business in the wrong direction and leads business stagnation.

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