Saturday, December 12, 2020


 Digital strategy management is both a system and a process to deal with dynamic and iterative planning and execution continuum.

Digital makes a significant impact on every aspect of the business from people, process to technology, both horizontally and vertically. The digitalization flattens the organizational hierarchy and blurs the functional, organizational and geographical borders in the business ecosystem.

 It is like a gigantic puzzle with many misplaced pieces, you have to put them all in the right places to discover the real meaning and unleash its full potential. You cannot make a true digital paradigm shift without an in-depth understanding of the digital interconnectivity and embracing the multitude of digital maturity.


Implementation The conventional approach to strategy implementation is prescriptive or top-down, develop the strategy at the board or top management team, and then break it down into smaller chunks to align the organization with it. The precondition for this to work is that the external business environment is reasonably stable and slow to change. In today's digital dynamic or unstable business circumstances, the evidence points to strategy emerging rather than being prescribed. So what are key steps in strategy implementation, and how to improve execution effectiveness?

Inquiry All forward-looking organizations across the industrial sectors are on the journey of digital transformations. An effective board provides guidance on what core to preserve and what future to stimulate progress toward. The board with digital savvy BoDs understand what's required and how as a high-level basis of going digital means to the business, so they can make a significant impact on accelerating digital transformation with premium speed. Here is a set of digital boards’ strategy inquiries.

Integration The characteristics of digital transformation are high velocity, hyper-connectivity, hyper-complexity, and interdependence. The organizations are like the switch connected to the dynamic ecosystem which is controlled by both internal and external factors. To speed up change and spark creativity, the digital business life cycle could be viewed as resulting in emergent means of shaping a vision reflecting the objectives and soul of the company, participation, adaptability, innovation, and people-centricity.

Interwoven With the fast-paced change and fierce competition, businesses today need to move beyond the notion of a jungle of threats to a notion of the dynamic ecosystem in which they can manage both opportunities and threats effectively. Digital strategy management is both a system and a process to deal with dynamic and iterative planning and execution continuum. The forward-thinking organization should define a tight strategy implementation framework that enables exploration, adaptation, and timely response. It will also facilitate continual strategic renewal through learning, and, therein, create inherent abilities to respond to evolutionary as well as revolutionary changes and opportunities in the business ecosystem effortlessly.

Improvement IT implementations are core to strategic changes today, but many fail to achieve the business objective. In very few implementations, IT organizations make effort to ascertain how a "day in the life" of any worker at any level (from labor to management) will be impacted due to the new IT initiative. No measurements are made and then it severely impacts when you do a typical technical go live. So how should IT change management and project management go hand-in-hand, aiming at improving customer experience (ease of doing business) and optimizing overall organizational agility and maturity? Does it achieve the original objective? Does the customer experience actually improve significantly? And, how sustainable is the change or would it break down, has the entire organization embraced it well?

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