Thursday, March 5, 2020

The Monthly “Digital Maturity” Book Tuning: Orchestrate Dynamic Digital Competency Mar. 2020

Synthesizing business competency is developed, combined, integrated or reconfigured by a set of cohesive business capabilities dynamically.

Digitalization makes a significant impact on every aspect of the business from people, process to technology, both horizontally and vertically. The digitalization flattens the organizational hierarchy and blurs the functional, organizational and geographical borders in the business ecosystem.

The digital transformation is like a gigantic puzzle with many misplaced pieces, you have to put them all in the right places to discover the real meaning and unleash its full potential. You cannot make a true digital paradigm shift without an in-depth understanding of the digital interconnectivity and embracing the multitude of digital maturity.

   Orchestrate Dynamic Digital Competency

Orchestrate dynamic Competencies via Clusters of Managerial Activities The goal for running a dynamic digital business is to create an organization in which change is the norm and happens all the time, thereby, delivering faster and increasing market share as well as improving the overall business maturity.

Five Building Blocks of the Boardroom Competency Due to the “VUCA” characteristics - complexity, uncertainty, ambiguity, and velocity of the digital era, the directorship in any organization must have abilities for adapting to changes, being able to advise, inspire and motivate a group of people toward accomplishing shared visions and strategic goals. The fundamental dimensions of the corporate board’s responsibilities include, but not limited to strategy oversight, policy-making, performance monitoring, and executive advising.

Running Digital Organizations with Differentiated Business Competency The characteristics of digital business are dynamic, volatile, uncertain, and hypercompetitive. Digitalization implies the full-scale changes in the way business is conducted so that simply adopting new digital technology isn’t insufficient. You have to continuously scale-up and dig underneath, optimize organizational processes and develop business capabilities, transform the underlying organizational structures and functions to ensure the business as a whole presenting the differentiated business competency and running with digital speed. Here is a set of differentiated business competencies.

Three Differentiated Digital Competencies The exponential growth of information and the increasing pace of changes create digital characteristics such as uncertainty, volatility, complexity, unpredictability, and ambiguity. The emerging digital organizations should leverage digital technologies and tools in enforcing holistic strategic planning, cross-functional collaboration, and dynamic processes management for improving organizational performance and maturity. To thrive in today’s digital new normal, digital leaders must see possibilities before others and develop their unique leadership competencies for driving the digital transformation effortlessly.

The Synthesizing Competency of Digital Organizations In general, analysis is understanding the thing by examining it as parts; synthesis is understanding a thing by examining it as a whole. Synthesizing business competency is developed, combined, integrated or reconfigured by a set of cohesive business capabilities dynamically to address rapidly changing in the business environment. Here are three synthesizing business competencies for running digital organizations.

The “Future of CIO” Blog has reached 3 million page views with about #6500th blog posting in 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. The “Digital Master” book series includes 28 books to share insight from the multidimensional digital lens and perceive the multi-faceted impact the digital era upon us is making to the businesses and society. 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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