Organizations are experimenting, exploring, learning the lessons, developing the best and next practices to leverage digital learning and build core competencies to deal with complexity smoothly.
It’s a strategic imperative to create conditions in the context of future demands: What kind of business initiatives are critical to accelerate business performance, overcome challenges? Why should the business invest in what you are proposing? Organizational management needs to periodically make objective assessments of the current state and future state of business, identify capability gaps in the context of future need, capability dependency or business capability reliance on technology capability, etc, make related investment calculations, etc.
Each organization has its own philosophy, disciplines, as well as specific measurable goals and objectives they have to hit through investing in business. The well-established companies need small strategic initiatives for engaging in disruptive innovation, as those small strategic initiatives need a big company's value, culture, resource and financial backup. While the small startup also takes bold moves, investing in breakthrough types of initiatives to gain their niche customers, with high returns and high risks, they should create conditions to catch future demands and unlock performance smoothly.
It’s important to enhance the current allocation of responsibilities between executives, line managers, and solution providers: Nowadays the digital world has become so hyper-connected and interdependent, it takes across disciplinary practices to deal with increasing pace of changes. The more diverse, the more regulated, the more geographically dispersed an organization is or becomes, the more important to make better resource/talent alignment and responsibility allocation. It’s no surprise that we will see more interdisciplinary knowledge sharing and cross-functional collaboration.
For crucial business initiatives, make logical and operational construction of a selection of aspects, judged relevant by people having strong expertise, with the purpose to predict future needs, bring selected observable aspects of the organization, and hopefully open enough to question the selection. Also, business leaders and managers should harness communication, enhance horizontal connectivity, and hierarchical accountability to achieve high performance results.
In order to bring a holistic viewpoint and handle complex problems effectively, business management needs to break down silo and conventional understanding; integrate different stereotyped viewpoints; perceive the emerging trends, set the right priority, use resources scientifically. Business leaders understand the interdependence of issues, recognize and diagnose the plethora of contextual factors inherent in the circumstances, then intentionally adjust the mindset and behaviors in order to exert influence in that context.
Organizations are experimenting, exploring, learning the lessons, developing the best and next practices to leverage digital learning and build core competencies to deal with complexity smoothly. High performing organization is at the higher state of being the collaborative interdependent one, at every turn, with incremental goal achieving, creative idea brainstorming, breakthrough innovation and effective change management.
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