Monday, August 24, 2020

“Quantity” Quotes of “Digital Master” Aug. 2020

 The innovation performance of the company depends on the quality and quantity of ideas entering the “innovation pipeline.”

"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 “Quantity” quotes in “Digital Master.”

1 To break down silo mentality and traditional talent management techniques, workforce planning and management have to become more dynamic, analytic, and systematic, engaging workforce planning, deployment, and development based on performance both qualitatively and quantitatively.

2 By sharing a simplified table that identifies the drivers and trends underlying each scenario using a high/medium/low quantity measure, the comparison can still be made to your quantitative plan around specific assumptions.

3 Innovation performance indicators need to focus on measuring quality, quantity, time, cost, revenue growth, profit improvement, margin targets, product variety for stability, turnover, shareholder/owner return, and talent sustainability, etc.

4 Being innovative is a state of mind, it is a cultural thing. Thus, innovation efforts cannot be measured the same as other types of business initiatives via a quantitative manner only.

5 The innovation performance of the company depends on the quality and quantity of ideas entering the “innovation pipeline,” how well it can convert them into the desired output, propositions, or process improvement, etc, with measurable business benefits.

6 Both quality and quantity measures are important because shipping the wrong products on time and within a budget doesn’t benefit anybody, particularly the organization.

7 Quality is the quantity measured from both technical view vertically and user view horizontally.

8 The management needs to clarify how you can design metrics to measure what changes and how these changes are measured. What are the relevant metrics of IT performance related to changes and how can they be quantified and validated? Whatever the measurement system is, it needs to be consistent, repeatable, and as unbiased as possible.


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