Thursday, October 29, 2020

Insight of the Week 10/23 - 10/30 “Future of CIO” Oct. 2020

 Blogging is not about writing, but about thinking, brainstorming, innovating and sharing.

The “Future of CIO” Blog has reached 3 million page views with 7200+ blog posting in 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. The Digital Master” book series includes 28 books to share insight from the multidimensional digital lens and perceive the multi-faceted impact the digital era upon us is making to businesses and society. The content richness is not for its own sake, but to convey the vision and share the wisdom. Here is the weekly insight of digital leadership, IT Management, and Talent Management.

Capability Mapping and Development to Shape Business Competency Organizational capabilities continue being considered the market-relevant bundles of resources with the potential to drive business competitiveness. A "business capability" describes what is a business entity in the organization, what is their purpose and output to the enterprise. There are many "ingredients" in business capability development such as people, processes, technology, and various intangible and tangible resources, etc. It is crucial to identify and close enterprise capability gaps, doing effective capability mapping, and proactively developing a set of differentiated capabilities to enable strategy execution, achieving business coherence and improving organizational maturity.

Real-Time GRC in the Boardroom Now with the uncertainty around almost all industry sectors, companies large or small are faced with volatile market situations, emerging digital technology trends, extreme competition, nonlinearity, and ambiguity, etc. Corporate GRC disciplines have a direct link to business and its processes, and foster guidance, values, and principles governing the company's commercial activities for adapting to the business new normal. The purpose of running a digital corporate board is to direct the organization in the right direction, enforcing GRC disciplines in an almost real-time manner and monitor its performance continuously.

Business Intelligence-led Performance Management Business Intelligence refers to computer-based techniques used in spotting, digging-out, and analyzing business data, to achieve and evaluate business value. Businesses need insights that drive real value. Enterprise Performance Management is the integration of multiple disciplines with each embedded with business analytics, such as segmentation analysis, and especially predictive analytics, to make better decisions and assess the business results of strategy management effectively.

Influence Competency and Professional Maturity Digital transformation is an evolutionary journey which means a renewed understanding of the future of business-what’re the disruptive trends; how your organization catalyzes the progressive changes and how much better you can do to leverage creativity and lead a seamless transformation. Influence competency is based on the leadership substances such as vision and purpose with effective styles such as participation, coaching or delegation. In order to make profound influence, you must demonstrate high levels of cognitive intelligence and various skills (as following), and have strong ethics, responsibility, integrity, and empathy.

Perceptive Problem-Solving "Digital Master Perception is the way that your eyes see the world and your mind interpret it. How you perceive the situation or the world depends on your cognitive abilities, knowledge, experiences, and capabilities, etc. Thus, it’s personal. Due to exponential growth of information and continuous disruptions, more often than not, those existing or emergent problems also become more complex than ever. Thus, either individually or collectively, perceptive intelligence is crucial to define the right problems and solve them effectively.

Blogging is not about writing, but about thinking about the 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 takes 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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