Initiatereinvention

In fact, how to reinvent the business to get digital ready is an evolutionary journey which requires much more time, energy, passion, courage, experimentation, retreat, and reflection.

We are living in a complex world in which changes and conflicts are continuously changing and that makes it impossible to have complete knowledge and understanding of many issues facing the business today. The company has to reinvent itself by taking a step-wise approach, improving information management maturity, reinventing culture, continuing assessing, fine-tuning and adapting. Without those steps, business transformation could either become lip service without substantial actions.

Information management maturity: Running a high performance business means that the business has the rich flow of information, information has the right quality; quality information is applied properly, refined into business insight or customer foresight with the aim of solving tough business problems and improving agility and performance. An organization that has a lightweight process to keep information flowing, get protected, channeled and nurtured will succeed more often than an organization that has overly rigid processes and functional silos. In the end, it is not about information, but whether information can be integrated into a variety of management disciplines and business processes to deliver the strategic differentiation.

Information Management is the linchpin to connect all necessary business elements to implement great ideas and achieve their commercial business value. Information management must reinforce that position by demonstrating every day how IT contributes to business success by taking advantage of the latest digital trend and information-based analysis. High-performance companies are capable of mobilizing collective information, knowledge, ideas, experiences, capacities to develop business competency for adapting to the ever-changing environment. Thus the effective and productive IT management activities and scenarios should understand and manage complexity, know how to prioritize based on the business needs, communicate extensively, take cross boundary holistic approach, focus on information refinement and adoption to achieve its business value.

Culture reinvention: Many organizations suffer from culture inertia which means people get stuck at the old way to think and do things. To reinvent the organization for unlocking performance, culture is invisible, but one of the most critical business factors that need to be fine tuned to lift strategy management. However, culture change is difficult, a continuous improvement culture isn’t built in a day, it takes strategy and practices. The culture tone is set from the top; at the core of culture, it’s the leadership that impacts on individual mindset, attitude, or actions, as well as their policy setting on how people accomplish work, etc. This is accomplished by sharing a clear vision, establishing strong interdependent relationships, optimizing processes, and developing a set of business practices.

Culture progress is not a universal truth, but a relative truth. There is an overwhelming temptation to fiddle with cultural attributes such as values, norms, and beliefs. Different cultures have varying focus, adapting to the environment at different speeds. Thus, advancing leadership disciplines and practices become an integral effort of culture change, such as, putting the corporate purpose, people and consumers' experience at the center of everything you do; communicate and share the higher purpose, develop the right environment in which sharing is a must; people must believe in the company' purpose, create a strong culture with strong values, and put the right people in the right seat for the right purpose/goal. The workplace is dynamic with the right organizational culture, in which people can take ownership of their works, processes, and believe they can deliver better than expected results.

Autonomy: The digital era is the new paradigm associated with deep ecology, encouraging autonomy and growth. The digital organization is more like an organic growth thing with self-adaptable and self-renewal capability. Autonomy can be achieved via system automation, team self-management, and interdisciplinary management practices. The goal is to make hierarchical business systems adaptive so that they can respond to dynamic business environments, and change can be orchestrated at all levels of the organization.

Workforce autonomy is about empowerment and trust, that means people are able to adapt themselves and their organization through a collaborative and peer to peer working relationship and building a work atmosphere to encourage creativity, autonomy, and mastery. From the economic and organizational point of view, people are able to adapt themselves and their organization through a collaborative and peer to peer approach; the business is in the state of flow frictionlessly; and then business transformation needs to be carried out within the company's system and apply design principles accordingly, refine knowledge, and capture insight for achieving multifaceted business value.

In fact, how to reinvent the business to get digital ready is an evolutionary journey which requires much more time, energy, passion, courage, experimentation, retreat, and reflection. Due to the rapid change, the digital organizations simply cannot stand still, they need to be like the self-driving vehicle to catch up with the speed of change; keep improving business efficiency, effectiveness, responsiveness, flexibility, agility, and performance.

Posted in: culture Master,Digital Master,Digital Maturity,Information/Data Management