The new breed of worldwide organizations have to reinvent themselves by identifying and investing in a variety of global capitals wisely.
Intellectual capital & global competency: The true value of people, especially today’s knowledge workforces include many tangible and intangible factors, intellectual capital based on collective knowledge, insight, resources, is always the largest intangible asset of a company which has to keep investing in to ensure the long term prosperity of the business. Traditional organizations think of people as human cost or resource, creativity is not at the top priority list of the corporate agenda. Global leaders need to have a thorough understanding of the various perspectives on core values of intellectual capital that need to be continually explored and invested in, the resource needs to be aligned scientifically, and the people related common issues should be handled smoothly in order to build differentiated competency of their organization.
Human capital is one of the significant components of intellectual capitals which need to keep investing, nurturing, and growing. Often, people are still the most crucial component in developing organizational capability, but one of the weakest links in strategy management. Human Capital includes all the talents, competencies, and experiences of your employees and managers, to convey the vision of running an organic global organization. A clearly-defined capability & readiness framework enables the organization to explore their intellectual capital and manage corporate capabilities in a structural way.
Reputation capital and risk management: In order to survive the fierce competition and bridge the gaps of hyper-diversity in the global economic environment, organizations need to manage and invest their reputation capital for enhancing a strong and consistent corporate brand name, bring up multifaceted value proposition, amplify their influence by delivering customized solutions to fit global consumers or businesses.
Thus, the senior management needs to clarify what the organizational brand stands for, how the company wants its stakeholders to see and perceive their organization worldwidely, and the reputation connotation it wants its stakeholders to associate to for developing a strong corporate name. So they are able to take an integral risk management approach, put in place an effective risk-management process for protecting business global reputation, and move the organization a couple of steps forward in building high mature global competencies.
Information capital and world wide innovation: Unlike the "hard" business assets, information is an intangible "soft asset," which is accumulated with time and business growth. The organizations across the vertical sectors, claim they are in the information management businesses. However, in many organizations, information and knowledge are not well-managed or measured as well as it should be.
Information is one of the most time-sensitive pieces to the digital innovation puzzle. An effectively-governed information management cycle enables the organization to improve the speed of business transaction and transformation, accelerate idea-generation, and enforce innovation management. Forward-looking businesses proactively invest in and produce strategic information management solutions today will be able to innovate successfully and move forward competitively.
The ever-changing business dynamic brings significant opportunities and responsibilities for the new breed of worldwide organizations to reinvent themselves by identifying and investing in variety of global capitals wisely; uncover collective human and system potential smoothly, keep envisioning, influencing, innovating with their distinctive enterprise profiles and a set of differentiated competencies indefatigably.
Reputation capital and risk management: In order to survive the fierce competition and bridge the gaps of hyper-diversity in the global economic environment, organizations need to manage and invest their reputation capital for enhancing a strong and consistent corporate brand name, bring up multifaceted value proposition, amplify their influence by delivering customized solutions to fit global consumers or businesses.
Thus, the senior management needs to clarify what the organizational brand stands for, how the company wants its stakeholders to see and perceive their organization worldwidely, and the reputation connotation it wants its stakeholders to associate to for developing a strong corporate name. So they are able to take an integral risk management approach, put in place an effective risk-management process for protecting business global reputation, and move the organization a couple of steps forward in building high mature global competencies.
Information is one of the most time-sensitive pieces to the digital innovation puzzle. An effectively-governed information management cycle enables the organization to improve the speed of business transaction and transformation, accelerate idea-generation, and enforce innovation management. Forward-looking businesses proactively invest in and produce strategic information management solutions today will be able to innovate successfully and move forward competitively.
The ever-changing business dynamic brings significant opportunities and responsibilities for the new breed of worldwide organizations to reinvent themselves by identifying and investing in variety of global capitals wisely; uncover collective human and system potential smoothly, keep envisioning, influencing, innovating with their distinctive enterprise profiles and a set of differentiated competencies indefatigably.
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