Wednesday, May 13, 2020

The Monthly “Digital Gaps” Book Tuning: Close Business Capability Gap May 2020

A capability is an ability that an organization, person, or system possesses for either problem solving or making a certain achievement.

"Digital Gaps -Bridging Multiple Gaps to Run Cohesive Business” is a guidebook to help digital leaders and professionals today identify, analyze, and mind multiple gaps with a multidisciplinary and holistic understanding.

Today’s digital organization simply just can’t stand still., bridging the gap of opportunity between where you are and want to become is a welcomed challenge, it is important to identify and strengthen the weakest link and take a stepwise approach to make a leap of digital transformation.


                    Close Business Capability Gap



How to Identify and Close Business Capability Gaps The capability is the ability to do something. A capability is an ability that an organization, person, or system possesses for either problem solving or making a certain achievement. Corporate capability is the collective ability to implement strategy, innovation, and make changes. The organization’s capabilities can be categorized into both competitive necessity and competitive uniqueness. Therefore, to run a thriving business, it is critical to identify and close business capability gaps and build organizational competency to reach the business vision and achieve strategic business goals.

The New Book “Digital Gaps” Chapter IV Introduction: Digital Capability Gaps The capability is the ability to do something and achieve certain outcomes in a consistent way. Corporate capability is the collective ability to implement strategy, innovation, and make changes. The organization’s capabilities can be categorized into both competitive necessity and competitive uniqueness. Statistically, the capability-based strategy has a much higher success rate than the other style of strategy crafting. The capability gap is the lack of a capability to build business competency or managing changes. Hence, it is critical to identify and close business capability gaps and build organizational competencies for achieving strategic business goals.

How to leverage Talent Development Plans in Building the Capabilities for the future? Talent Development Plans are often used in a variety of ways, depending on individual and organizational needs. Some companies treat them as something that happens annually (annual event), others use them as the need arises and yet others do a combination. Some use them only for growth and use action plans for improving work that is below minimum standards. And there is every flavor in between for that as well. But more specifically, how can managers leverage Talent Development Plans to build skills and capabilities to compete for the future?

Closing the Gaps in Enterprise’s Learning Capability Information abundance is one of the most important characteristics of the digital era. Being learning agile becomes one of the most important qualities for today’s digital leaders and professionals due to the abundance of information and the shortened knowledge life cycle. In digital leading organizations, the division between 'working' and 'learning' is replaced by combining and integrating 'working, thinking, and learning at the operational level, where people do the real work by unifying mind, heart, and hands. At the individual level, learning agility differentiates high potential from mediocre; at the organizational level, learning agility directly impacts the top-line business growth and strategic capabilities such as change and innovation. So, how to close the gaps for improving the enterprise’s learning capability?

Gap-Minding Practices for Shaping an Innovative Organization Nowadays, businesses are steadily moving into the digital era with the very characteristics of hyper-connectivity and interdependence. The path to building an innovative organization won’t be straight or flat, there’s bumps or curves, roadblocks and pitfalls on the way.

The “Future of CIO” Blog has reached 3 million page views with about #6700th blog posting in 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. 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 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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