Saturday, February 22, 2020

The “Obsolete” Quotes of “Digital Master” Feb,. 2020

With today’s business dynamic, if you do not innovate, your competitors will and make your current successful products or services obsolete.

"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 “obsolete” quotes in Digital Master.

1 It's never a bad idea to revisit from time to time the assumptions embedded in the original system design to check for latent or accomplished obsolescence or, for originally invisible errors.

2 Obsolescence or errors in foundational embedded assumptions in principle would make for obsolete or erroneous outputs.

3 Breakthrough innovation is powerful. It’s often disruptive and changes the competitive landscape, potentially making entire industries obsolete. If managed well, it can bring significant opportunities for the business to reach the next growth cycle and deliver the higher business value.

4 “Disruption” and “stimulation” makes sense, taking into consideration that many businesses do not seem to be satisfied with the current circumstances because there are not enough innovations happening in their businesses to disrupt obsolete mindsets, systems, processes, cultures, business models, or practices.

5 With today’s business dynamic, if you do not innovate, your competitors will and make your current successful products or services obsolete.

6 Make sure there is dissatisfaction with the current situation. People who make up the organization must see a compelling need to change from risky practices, obsolete ideas, or outdated processes and do so proactively before issues materialize.

7 The people that make up the organization must see a compelling need to change from risky practices, obsolete ideas, processes and do so proactively before issues materialize. It also helps when people believe things will improve by changing, innovating, and upgrading, etc.

8 It’s critical to embed risk mechanisms into business strategy management processes for monitoring and mitigating risks that would prevent the execution of the strategy or operational plans from achieving the stated aims or that would even make the strategy and operational plans completely obsolete.

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