Friday, May 22, 2020

The Monthly “Digital Fit” Book Tuning: Fit to Compete May 2020

 There are both competitive necessities and competitive differentiators, the unique set of business capabilities is integrated into key business competency. 

The purpose of the book "Digital Fit: Manifest Future of Business with Multidimensional Fit“ is to share insight about multidimensional enterprise fit from digital characteristics, organizational structure, change, knowledge, and talent perspectives; evoke critical and paradoxical thinking about digital “fit vs. misfit,” spark healthy debates on how to define and develop true digital fit, and build a fitting working environment to inspire creativity and accelerate digital transformation.

   Fit to Compete

Transactional vs. Transformational Digital Competency Forward-looking organizations are on the journey of digital transformation, to become more nimble, innovative, and customer-centric and achieve a high-performance business result consistently. To reach the digital vision, businesses have to build a healthy digital capability portfolio with the balance of transactional capabilities for “keeping the lights on,” and the transformative capabilities for lifting the organization to the upper level of maturity. The cohesive set of business capabilities is built into the digital competency of the organization for gaining a long-term business advantage.

Seize Competitive Advantages of Digital Organization Digital disruptions are inevitable, and digital transformation is unstoppable. High mature organizations are moving solidly from doing digital by applying emerging technologies to going digital and being digital by expanding both horizontally and vertically across all business dimensions. To effectively respond to the digital dynamics, companies must begin thinking about ways with strategic planning to broaden their ecosystems, seize competitive advantages of the digital organization, take a holistic approach to integrate all important elements into differentiated business competencies.

Three Aspects IT Can Build Business Competitive Advantage  IT organization is at the crossroad, either take a proactive approach to become a strategic business partner or just react to the business request as a commodity service provider and gradually become irrelevant. History reveals that IT needs to be understood and harnessed by all stakeholders to fulfill its potential and gain strategic importance as a differentiator of companies. Thus, IT leaders should continue to ask themselves: Does IT have the vision necessary for the business to succeed and continuously grow? Is IT system just a commodity with a standardized usage of technologies, or is the IT system the core and key differentiator of your business? Here are three aspects IT can help to build a business competitive advantage.

What are the Truly Competitive Advantages of Inclusiveness Contemporary organizations are diversified with a multigenerational, multicultural workforce using multidevice to do multitasking? Competitive advantage can be created by bringing together diverse groups of people whose mindsets, experiences, preferences, skills, and capabilities are additive to one another. We are stronger through diversity, it allows us to explore options that one individual or a homogeneous group might not have uncovered; we are idea-rich and vision clear through inclusiveness. Diversity is the engine for creativity and a facilitator for merging building blocks of new ideas, fresh insights, and ultimate wisdom. But how to embrace the diversity of thoughts and achieve such competitive advantages of inclusiveness?

The Logical Steps to Build Business Capability and Develop Key Business Competency Capability is the ability to do certain things. Business capabilities are typically expressed in general and high-level terms and typically require a combination of people, processes, structure, technology, and resources, to achieve certain business results. There are both competitive necessities and competitive differentiators, the unique set of business capabilities is integrated into key business competency. But more specifically, which logical steps should you take to build business capabilities and develop key business competency?

The “Future of CIO” Blog has reached 3 million page views with about #6700+ blog posting in 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. blog posting. The content richness is not for its own sake, but to convey the vision and share the wisdom, to inspire critical thinking and spur healthy debates. 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 take 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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