Sunday, September 27, 2020

The Monthly Foresight: Corporate Capability Portfolio of the 21st Century Sep. 2020

 The enterprise consists of a set of capabilities with the right mix of competitive necessity and competitive differentiator.

The effects of an increasingly digitized world are now reaching into every corner of businesses and every aspect of organizations. Digital is the age of creativity and innovation, creativity is the most desired trait for digital leaders and professionals today, and innovation is the light every organization is pursuing. 

Which themes shall you set to advocate digital transformation? How to lead toward the digital future effortlessly?


Corporate Capability Portfolio of the 21st Century  


“Run, Grow, and Expand” Enterprise Capability Portfolio Organizations of the future are increasingly exhibiting digital characteristics in various shades, extensiveness, and intensity, a set of unique capabilities directly decides the overall organizational competence and maturity. The digital capability is modular, dynamic, and nonlinear, business management needs to know what they are able to accomplish, and what it will take to expand the differentiated capabilities. the capability dependence or interdependence, as well as how to accelerate the development cycle for getting digital ready.

Various Aspects of Business Capability Development Today’s business environment has a high degree of unpredictability and uncertainty, digital organizations have to adapt to the continuous changes, they should be reconfigured in a way to increase variety, and build a set of dynamic business capabilities systematically.

Capability Design and Reconfiguration to shape Differentiated Business Competency Nowadays we don't live in a "closed system" but the dynamic digital ecosystem which is complex, interrelated, and interconnected, full of opportunities and risks. Every business should spend sufficient time on developing their own unique set of strengths and capabilities. As a matter of fact, a cohesive set of business capabilities becomes the digital competency of the organization. In practice, the enterprise capability design and configuration is uniquely challenging because of business constraints, a mixed bag of old and new processes, structures, as well as skill or knowledge gaps.

Values of Enterprise Capability Mapping The enterprise consists of a set of capabilities with the right mix of competitive necessity and competitive differentiator. Business capabilities are fundamental pillars to achieve the corporate strategy. Defining enterprise business capability is part art and part science, building business capabilities is more science than art. Enterprise capability mapping helps management both define and develop business capabilities systematically. Capability underpins the business strategy, the capability-based strategy management has a much higher success rate statistically. Here is a set of values of enterprise capability mapping, to improve the success rate of strategy management.

IT Architecture as the Visualization of Strategy As of today with ever-evolving digital new normal, companies are gradually opening up to the next practice to enforce change, catalyze growth, harness innovation, and accelerate digital transformation. Organizational capabilities continue being considered firm idiosyncratic and market-relevant bundles of resources with the potential to drive competitiveness. They are processes and competencies viewed strategically to implement strategy, innovation, and make changes. A capability view of enterprise helps business leaders identify “actuality, capability, and potentiality,” so the business management readily considers people, process, information, asset, culture, products/service/solutions, etc, dimensions of the adequacy of the capability to build their strength and fulfill their mission.

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