Tuesday, November 10, 2020

“Known” Quotes of “Digital Master” Nov. 2020

When you are formulating strategies under conditions of known risk, you have sufficient information to establish probabilities of alternative outcomes and the expected impact of strategic alternatives. 

"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 Known” quotes in “Digital Master.”

There are known known, known unknown, and unknown unknown. The things we know compared to the things we don’t know is just a tip of the iceberg.

Perhaps there is no way you can control unknown unknown, but you need to do your best to control known unknown. Ignorance of unknown -both known unknown and unknown, is the huge pitfall for decision-making or problem-solving.

ALL actions are necessarily simple (known-knowns) because you can only implement something that you know. The consequences of your actions may be unknown but your actions must necessarily always be known-knowns and hence simple.

There is known known, known unknown and unknown unknown. To know what we don’t know is knowledge. We become intelligent or informative by knowing what we don’t know, and then we capture insight from the static knowledge and apply it to varying disciplines.

When you are formulating strategies under conditions of known risk, you have sufficient information to establish probabilities of alternative outcomes and the expected impact of strategic alternatives.

Senior business leaders including board directors today should realize that there are known unknowns and unknown unknowns, they have to admit that everyone has blind spots, which cannot be ignored, otherwise, they perhaps steer their organization in the wrong direction.

No knowledge is truly 'known,' no learning is truly 'finished.' The 'hard' sciences claim objectivity by way of structured methods and empirical data sets. The spirituality (not based on doctrines but true introspection) does have a practical role in that it could help to inform the scientist to 'see the bigger picture.” 

In the world with high velocity and uncertainty, there is known known, known unknown, and unknown unknown, it’s no surprise that once a while, the chaos swallows the order in a moment, and the digital seems to go wild.

The world is a mix of simple -known known, complicated -known unknown, complex-unknown unknowns and chaotic -unknowables. It is not just the complexity of organizations that poses problems for planning; it is the complexity of the economic systems in which the organizations exist that causes ever greater degrees of uncertainty.

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