Innovativesociety

The digital paradigm upon us means hyper-connectivity, interdependence, integration and holism.

We are at the intersection of knowledge and creative economy; human society is at a turning point that requires a significant adjustment in our evolutionary path rooted at the mindset level., and expanded into actions with solid footprints. 

Either at organizational or societal level, leaders today need to identify the capability gaps for strategy management; look ahead and be proactively looking for opportunities to improve. To accelerate collective progress, leaders need to be bold and innovative, creating a structure that continually delivers what the business needs and takes further steps toward maximizing the full digital potential.

Synchronization: Information is the most time intensive piece of digital management. The power of information is to empower the business with real-time insight across the organization in ways never possible before for envisioning the future, enabling real-time decision-making, capturing customer insight, for achieving cross-disciplinary management synchronization. Strategy-execution synchronization can lead to the smooth alignment process of ensuring all organizational actions are directed to achieving common strategic goals and objectives.

In the digital era, solving large-scale problems on-time, on-value in a hyper-connected ecosystem usually needs information-based cross-functional communication, collaboration, organizational level process synchronization and collaboration-driven relationship harmony. It starts to leverage powerful technology tools to boost social engagement, improve organizational structural flexibility, create multiple pathways for information flow and collaborative problem-solving.

Agility: Most firms are already using agile in some form or shape. However, the business level agile transformation is a continuous journey. Agile is not just engineering practice, but a set of management philosophy and principles to perceive multidimensional business values. You build up momentum, changes have been made by focusing on iteration, improvement, innovation.

The management needs to keep checkup: Is there more to do? Do you go back to the trenches after you have transformed the organization? How do you keep the morale up and positive gains being made? Agile needs to be the philosophy with the next practices. Make the effort at the leadership and portfolio level to qualify and quantify value in terms of both strategic value and tactical value, to reach the upper levels of agility: collaborative, evolutionary, integrated, adaptive, encompassing.

Cohesiveness: We live in the era with data exponentiality and increasing pace of changes. There are inherent dangers of too much knowledge particularly because of the inconsistencies and incoherence in exponential growth of information and the body of knowledge that surrounds us. Knowledge is power, and it can be useful in trying to understand if what's imagined can be achieved. But outdated or incoherent knowledge or “knowing it all” attitude might turn out to be the burden to stop us from exploring the new horizon, or even turn off the spark of creativity.

Capability coherence is a decisive factor for strategy management; choose how to improve the capability based on unique enterprise strengths for investing in the best of breed capability and integrate them into cohesive and differentiated business competency. Besides hard capability, culture is soft. Considering "cultural" cohesiveness should be part of this effort putting an umbrella on all the practices in building and sustaining dynamics in a workforce, enhancing trust, fostering collaboration, to ensure the business as a whole is superior to the sum of its parts.

Viability: Due to “VUCA” reality, if the organization understands itself in relation to its context, it should be able to determine whether it requires changing something to become viable. The viable digital businesses are solid enough to give some sort of forms and meaning and open enough to its environment, allowing the movement of information, ideas, and people in and out with less friction. take a structural approach to develop differentiated business competencies and build a creative workforce to maintain viability.

To improve organizational competitive advantage, forward-thinking organizations aren't sacrificing the long-term viability of the management portfolio for short-term rewards. The digital organization as a complex and dynamic system needs to be elaborated in a well-organized effort. How viable the business is depends on the business's ability to integrate, build, and reconfigure dynamic and differentiated competences to address rapidly changing environments, build new capability, and achieve innovative forms of competitive advantage given path dependencies and market positions.

Sustainability: Sustainability is about minimizing the usage of non-renewable resources, optimizing resource use, cutting emission and recycling waste. It is a strategic discipline to renew our beautiful planet. However, in many organizations that are getting stuck at the lower level of maturity, the leadership sets sustainability as too low a priority. Sustainability isn’t integrated into existing key processes & performance management systems. Or a key piece of information around environmental and social concerns, has been missing from most business operations.

Forethoughtful leaders need to become advocates and educators for corporate-wide environmental sustainability initiatives and make sustainability an integral component of organizational strategy. Reuse and reduction of waste reduce cost and creates new revenue streams to impact both bottom-line and top-line business growth. It’s important to transcribe a path that converts outside concerns into inside engagement, reducing energy use & waste & emissions in operations, managing corporate reputation for sustainability, and responding to regulatory constraints or opportunities proactively.

The digital paradigm upon us means hyper-connectivity, interdependence, integration and holism. In today’s business dynamic, real societal progress is made through the work of progressive and foreseeable leaders and business professionals who can figure out how to trend the future, spur creativity, enhance trust, harness cross boundary collaboration, and build a highly adaptive, intelligent and innovative society.

Posted in: All about Future,Digital Master,Digital Maturity