Monday, April 24, 2023

Innovation

Organizational professionals can understand new topics and get access to knowledge effortlessly, with abilities to interact with the expanded digital ecosystem seamlessly.

Business ecosystem is dynamic with abundant information growth; the future of organization needs to be instant-on, open to new knowledge, harness innovation, enforce agility, exhibit the willingness and ability to learn and grow; being connect-wise to discern the trends from fads, build up a positive emotional climate, seek business goals before taking initiatives, shift focus from inside-out operation-driven to outside-in customer oriented, and foster innovation.



It takes strategic agility to transform a traditional organization into an innovative enterprise: Digitalization implies the “always on and hyper-connected” business connected to the dynamic ecosystem which keeps expanding. Organizations explicitly seek to create a flexible environment in which the broadest, deepest knowledge across the industry and the business ecosystem can be managed effectively; people can grow, treat customers, channel partners, or suppliers as ecosystem participants to co-solve tough problems.

Forward-thinking organizations across verticals intend to build a customer-centric business, Both business architecture and business process management design and deployment are not for their own sake, but for understanding, managing and governing organizations better for achieving high levels of business agility, resilience. They need to be managed effectively to directly impact strategy management success and business performance, and improve organizational maturity.

It is easy to work alone and take the attitude of competition, but it is much more difficult to collaborate with different parties, even competitors: The more diversified the team is, the more strategic and innovative the collaboration can turn out to be for co-solving problems effectively. Compete for reaching the great deals you could, also be collaborative to make fair deals and generate the results that all parties feel ok, harness collaboration. The team with a complementary mindset and skill set can sustain diversified viewpoints into holistic perspectives, gain more trust and respect by asking the tough questions, practicing expert power to provide wise answers.

Competition enforces divergence, collaboration harnesses convergence. The more people within an organization interact and have an idea of what the other does within the total picture, the better chances they could elaborate and collaborate towards a coexistence within the organization with benefits for all. Know how to collaborate with stakeholders of all stripes, be able to facilitate and orchestrate the multitude of differences, values, cultures, focus on convincing, persuasion, and collaboration at the global scope to overcome common challenges.

In order to determine the correct intervention, different opportunities for intervention whenever a problematic situation is discovered:
In the emerging age with information exponentiality, nonlinearity, and interdependence, the overly rigid hierarchy, inflexible processes stops the digital flow and stifles change. Forward thinking companies make constructive disruptions themselves or take hypothetical intervention, figure out the best scenario to change and build their unique set of competencies, enhance information-based communication synchronization and collaboration-driven relationship harmony.

There are different ways to do meaningful intervention for generating more values or preventing risks. Firstly, tracing the dynamics of these flows backward to their upstream origins helps to isolate the most promising points for intervention, to avoid or prevent future cases of the situation. Secondly, there should also be an attempt to mitigate the negative effects of the situation's dynamics flowing and improving risk intelligence.

Business professionals can understand new topics and get access to knowledge effortlessly, with abilities to interact with the expanded digital ecosystem seamlessly. Global leaders with a balanced mind can bring agility and flexibility across the spectrum of business dynamic and management paradox, to diversify fresh viewpoints, unify common values & beliefs, harmonize differences, and unleash collective human potential. So collectively, the organization can thrive via unleashing their potential and bring higher than expected results.

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