Initiatives

Organizations need to awaken the ecosystem consciousness, start thinking about ways to improve, influence, and cultivate a dynamic business ecosystem.

Just like the natural ecosystem has created so many impressive phenomena as well as provided the impetus to her evolutionary agenda. Organizations today which are hyper connected with their business ecosystem need to drive needed changes, renew themselves to reach the next level of business agility. Corporate leaders today must be fluent with a variety of dialogs, be alert to identify blind spots, be conscious of the unknown, influence and orchestrate an ever-evolving business ecosystem, and create paradigm shifts for leading global advancement.

Organizations are like switches that are interconnected, keep evolving, to reach a natural sustainable equilibrium: The fundamental characteristics of a business ecosystem are being composed by very different categories of elements such as people, processes, technologies, communication, cultures, etc.. To understand the business world as a complex, interactive system requires an understanding of how the things have come together, from different aspects. It’s important to move out of your regular communication patterns since you should work closely together with people in all positions. understand, adapt to, and purposefully plan and orchestrate a hyper-connected and interdependent business ecosystem seamlessly.

Organizations need to harness change, encourage brainstorming initiated on collaboration platforms, gauged by the fact that despite the ubiquity of information technology, most large companies still ignore them, so they lack an empathetic understanding of their customers, stakeholders, and ecosystem partners. Hence, organizations should take initiatives more proactively to plan change, have cross-boundary conversations and improve business ecosystem harmony.

Real challenge is to understand where and how you can and should improve to get the biggest effect and scale-up across the ecosystem effortlessly: Businesses today are not just working within the industry, they are, in fact, permeating the cross-ecosystem which keeps expanding. Organizations should be a complex, but fluid living system starting to appreciate business attributes such as readiness, ownership, integration, collaboration, customization, and multifaceted partnerships, to build differentiated business capabilities and improve strategy management effectiveness.

Information is ubiquitous and technology advancement makes business communication and collaboration more practical. It’s always important to select the right spots to improve, and figure out the best way to solve problems effectively. Perhaps you need to navigate across knowledge domains, functional boundaries, geographical territories, or vertical industries. A holistic business management is the integration of multiple methodologies including strategy maps, competitive analysis, customer intelligence, driver-based budgeting/rolling financial forecasts, and quality management, performance scorecards, etc.

Purposively plan the ecosystem, integrate the organizational design into the business process design and re-engineering: Companies operate within ecosystems to deliver value to their customers. However, for many, the ecosystems have evolved without much attention or planning. To effectively respond to business dynamics, companies must begin thinking about ways to broaden their ecosystems and revenue streams while becoming agiler to not only adapt to changes but also drive progressive changes. They need to keep optimizing organizational structure, reengineering business processes, and orchestrating an ecosystem in which business associates could interact dynamically and IT is the linchpin to run a real-time intelligent business.

Today’s technology enables companies to leverage their various environments, or ecosystems, to accelerate performance. It is in part because ways of doing business and customer expectations both tend to be more flexible than before in the silo-based industrial age. The emerging markets offer particularly fertile ground for developing cross-industry collaboration opportunities. Organizations need to become more people-centric, purposefully plan the business ecosystem. Enforcing mutual respects between organizational design and business process management can lead to effective business transformation.

Organizations need to awaken the ecosystem consciousness, start thinking about ways to improve, influence, and cultivate a dynamic business ecosystem. Those highly scalable organizations can expand and amplify their influence with the ability to co-create a digital ecosystem, orchestrate transformative changes and improve overall organizational agility and maturity.

Posted in: All about Future,Systems Wisdom