Tuesday, May 23, 2023

Initiatives

Corporations have no choice but to embrace the increasing pace of changes, shape a mindset with a "growth," learning and open perspective, and take wise actions depending on business maturity, competition and customer expectations.

Organizations are different, they have different purposes, philosophies, structures, practices; they compete in different markets; they have a different scale; they have different styles of business management mentality and methodology to run a successful business today. 

Organizational management needs to be propositive, taking advantage of the emerging technology platforms & tools, streamlining information & ideas, fine-tuning business structures, processes, talent, and providing the space for people to build their capabilities, with the goal to run a successful business.

It’s the importance of leveraging the multidimensional lens to identify critical business issues: Business management needs to do the periodic check and analyze the current state of the business. Be clear about your organizational vision, strength and how to explore different paths and take the alternative value creation approach. What are the concerns with the current state? What are current policies, values, procedures, practices, and resources associated with the current reality? To keep evolving and investing in the greater purpose or vision, every department in the company needs to work seamlessly, take collaborative efforts across the entire business scope to keep information flow, optimize processes in order to run a fluid innovative business.

It's imperative to develop a deep understanding of the company’s existing business models, competitive landscapes, enterprise architectures, leverage effective tools, methodologies, or practices, P&L drivers, and balance sheet strengths and constraints. There are often multiple and inter-related dynamics behind business complexity; global leaders and professionals must be open minded to appreciate all informative, great things cross-boundary. Look for patterns rather than isolating causes to improve business agility, productivity, resilience, maturity systematically.

Not only put all pieces together but also blend them in such a way that the emergent whole is somehow more than the sum of its parts: In reality, the world by its very nature moves through a range of stability and changeability. You may find what that range is in ideal conditions; yet when putting it to a test in the nonlinear aspects of the system. Business management should perceive the relationships between parts and the whole; set general management principles for understanding how the “part” interconnects with the ”whole.” integrate the critical business components to adopt a more modular, multi-layered, and expanded organization.

If business management is fluent in nonlinear logic and interdisciplinary practices; they are able to more accurately judge the coming curves and obstacles in the path of business transformation. It’s about seeing interrelationships rather than isolated things, to enforce collaboration and ensure the organization as a holistic entity is more optimal than the sum of pieces. It is a strategic imperative for navigating across knowledge domains, functional boundaries, geographical territories, or vertical industrial disciplines to enforce cross boundary collaboration.

It’s important to connect key assets and resources in their context and vicinity digitally to enable business flow and create synergy: It takes great effort to rebalance resources and redirect people to learn and achieve for reinventing the business to get digital ready. It is important to have resources aligned with the business strategies/objectives. Listen, engage and nurture relationships with both end customers and internal users, build an integrated view of business insight derived from information extracted via different sources; provide feedback to employees on how well they are able to make improvement and produce great outcomes on their commitments.

Businesses simply benefit from being developed in and subsequently commercialized in a more open ecosystem. There's the process of continually aligning abilities, talents, aspirations, etc, to important work that an organization needs to be done for reaching the ultimate goals of the organization. Business management should be refined to the point that they are nimbler, and can adapt to changing business demands in a timely fashion. The paradigm shifts when these clusters morph into larger entities that have sufficiently large internal resources to develop differentiated business competencies effectively.

With the accelerated speed, corporations have no choice but to embrace the increasing pace of changes, shape a mindset with a "growth," learning and open perspective, and take wise actions depending on business maturity, competition and customer expectations. Business management searches for intrinsic motivations of participants and leverages them; provides continuous appreciation for people’s invaluable contribution; calms down intolerance by helping people think of the strategic goals and of different point of views; improves decision intelligence; provides maximum autonomy, and unlocks collective performance consistently.

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