Monday, June 15, 2020

The Monthly “100 Digital Pitfalls” Book Tuning: The “VUCA” Normality and Challenges June 2020

 Change is overwhelming, and complexity is inevitable, but they are both facts that are happening all the time and a faster pace than never before.

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 Digitalis 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.Slideshare Presentation

The “VUCA” Normality and Challenges 

“VUCA” as Digital Normality "VUCA" is an acronym used to describe or reflect on the volatility, uncertainty, complexity, and ambiguity of general conditions and situations. (Wikipedia), perhaps it’s the best description of today’s digital characteristics -"VUCA” as Digital Normality.

Is Uncertainty Problem or Opportunity Uncertainty and ambiguity are a key challenge for business leaders today. In the past, many business leaders believed their organizations’ long-term goals could wait until they had dealt with the current crisis. In the current business environment with “VUCA” characteristics, this is no longer the case. The rate of change has accelerated, indicating that business leaders must learn how to strike a balance between managing complex issues today and predicting the uncertain issues of tomorrow. So is uncertainty the biggest problem in business today? And is it affecting business in setting long-term strategies and are forced to concentrate on short term goals? And further questions include - how can the soft signals of contextual changes be best determined? How do you structure information systems to deal with uncertainty - in the era of Digital?

The Variety of Complexity Change is overwhelming, and complexity is inevitable, but they are both facts that are happening all the time and a faster pace than never before. Complexity means increased uncertainty in things outside our control and uncertainty in the results of implementing strategies. Complexity is diverse, ambiguous, and dynamic with unpredictable outcomes.

How to Deal with Business Dynamic with “Unpredictability, Uncertainty, and Unrepeatability The tides of change and waves of disruptions indicate that business leaders couldn’t predict the future with a certain degree of accuracy. To tackle great challenges with grand consequences over long time spans, they need to become highly visible, proactive, and innovative for dealing with an unprecedented level of uncertainty, unrepeatability, and unpredictability effectively.

Deal with Ambiguity to Thrive in the “VUCA” World We live in the “VUCA” new normal with characteristics such as high velocity, diversification, ambiguity, unpredictability, over-complexity, nonlinearity and increased flux. Ambiguity is a term used to describe a circumstance in which an investment is made, but the outcome is uncertain. Ambiguity can be understood as being similar to business ‘risk,’ Though risky events have a known probability distribution over outcomes while in ambiguous events, the probability distribution is not known. In practice, how to deal with ambiguity to thrive in the "VUCA" digital world?

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