Real strategic differentiation is to create multifaceted value, look forward, not backward.
Reinventing business is an evolutionary journey with ups and downs, promises and perils on the way. It’s important to know how to strike the right balance, drive an iterative planning and execution continuum, and make a stride toward the future smoothly.
Organizations are highly conscious about what’s happening in their environment, with the ability to grasp opportunities, and prevent risks effectively: Learn to stay alerted and to observe with subtlety and respond fast to the ever-evolving business ecosystem. Be opportunistic about emerging events, be insightful to identify hidden risks, in order to recognize the emergence of a completely new phenomenon. It's important to understand interfaces and interactions associated with complex business ecosystems and engenders new perspectives or actions as part of creating a cross-disciplined scenario of "planning, but being able to adapt quickly to current realities" accordingly.
The business ecosystem partners need to communicate, participate, negotiate, and cooperate with each other to reinvent a super-conscious business. Organizations have both strategic agility and structural flexibility to adapt their plan to fit the emerging environment while staying the overall course of business changes. To keep eyes on what matters, identify what generates the most value for the company and express that in strategic objectives, analyze potential pitfalls logically.
Organizations create more engagement models to foster dialogues, preparedness and alignment across the organization: In order to build an innovative and productive workplace, business management teams need to pay attention to take away the stigma and fear, proactively ask questions, challenge their own views, create shared goals, make constructive conversations, invite diverse opinions and fresh ideas for stimulating creativity and catalyze change. They need to mentally review the pros and cons, potential cause and effect to other areas, short and long-term financial implications, and the overall impact on the company.
It's important to gain top executives’ sponsorship, collect stakeholders’ requirements, align business resources, talent, information technology, and process; understand the people and the organization through a common lens, then make it possible to turn organizational “theories” into tangible management disciplines. Organizational alignment addresses both how business should or could be aligned with emerging information technology; as well as how organizations get aligned with their customers to improve people-centricity. The goal is to ensure that business strategies implementations are on the right track for building differentiated business competencies and achieving high-performance business results.
The real challenge is to understand your priorities, and know where and how you can and should improve, leverage available resources, focus on the most important things. The lack of breathing space between change initiatives is an issue as well. To succeed, the management needs a unified “one sight” focus, striking a dynamic balance between the inner and outer success factors of the business management. Even two simultaneous changes going on in a firm are so varied no cookie-cutter metrics or methodologies exist that give the answer. It’s important to understand the core business of your enterprise and the problem to solve, set the priority to focus on things that matter, leverage repeatable processes, and handle expectation management effectively.
We have to change with the "tide." The real strategic differentiation is to create multifaceted value, look forward, not backward. We recognize a gap in the knowledge we have and value in closing the gap seamlessly in order to realize positive outcomes. Companies that lead in business transformation are much more likely to have strong leadership and professional workforce who understand opportunities and threats and who can enforce the business growth forces for the strategy execution and accelerate business performance structurally.
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