Thursday, March 30, 2023

Initiatevaluegeneration

Looking to the business capabilities for introducing beneficial change into their business models to improve strategic performance.

As today’s digital business environment is unprecedentedly dynamic, complex and uncertain, differentiation is not the end game, forward vision, value creation are. To keep organizations relevant and adequate, creating an organizational strategy-capability mapping helps to prioritize goals for business capability deployment and reputation building, divest non-core capabilities, and free up resources. 

That can be used to accelerate the business development cycle and achieve the primary objective for building long term organizational advantage.

Generating differentiated value: Value is multi-dimensional and perception-based. In most organizations, “value realized” is based on enhanced competitive advantage. It is usually measured in financial terms, But performances are not just numbers with metrics, they are numbers in context, results related to your business goals at strategic and operational level. The guiding principles are statements of belief that reflect the values, culture and business concerns of the organization to generate multifaceted corporate value. They should cover people, process, performance, and quality from a holistic business management perspective, for either engaging employees or delighting customers, improving business agility and maturity.

Every business initiative is to solve a certain problem and achieve a certain value. Business values are multilateral, including employee value, customer value, supplier value, channel partner value, alliance partner value, managerial value, brand value, and societal value, etc, from the lenses of varying stakeholders. Business management integration and quality management are the keys to ensure that the business application ecosystem offers real value and also is necessary for future business agility.

Being unique: By nature, we are curious beings, and we have different lenses-the unique perspectives in the way we look at the world. People need to take their unique path at their own pace to stretch their strength and build a unique set of competencies. Being unique means you develop yourself in your own way to differentiate yourself from others. People need to be enthused to participate and achieve goals with greater emotional determination courageously. It's very necessary to remain focused, mindful of the present and consciously develop a profound spirit of appreciation.

Be unique, fresh, and innovative, get out of the created mental boxes. Express yourself totally through whatever means. The critical step for discovering professional uniqueness is investigating what’s your strength, your passion: defining your tasks, things you want to do and do better than others, to achieve more. Stop creating boundaries, take long leaps, wide jumps, have a curious mind and discover eyes, stretch your limitations. In the organizational setting, gain an in-depth understanding of what capabilities are critical to build the unique competencies for the business's long-term prosperity.

Being difficult to imitate: In order to survive fierce competitions and rapid changes, individuals or organizations need to not only have capability necessities to “keep the lights on,” now; but also build differentiated core competency, which is valuable, rare, and difficult to imitate. Business management needs to identify where the gaps in performance lie. Create a comprehensive capability map to bridge capability gaps and clarify business objectives; re-purpose well-designed components and systems for designing and configuring dynamic business capabilities. It is important to look at dynamic capability from different perspectives for making holistic investment decisions, expediting the capability development cycle, and building differentiated company advantage.

In today’s hyper-competitive environment, either business or professional, more often than not, have to build multiple core competencies. A set of capabilities is unique, not easy to replicate; improves resilience when getting a setback, and laser focused on long-term vision and value generation. Companies continue deploying their business assets and resources, disentangle dynamic capabilities in clusters of processes and managerial orchestration, realign and reconfigure a set of differentiated business competencies to achieve high performance.

Organizations across boundaries are on the journey of business transformation. Enterprise leaders are increasingly looking to the business capabilities for introducing beneficial change into their business models to improve strategic performance, achieve operational excellence, enforce customer satisfaction and build differentiated business advantages.

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