Monday, May 15, 2023

Initiatives

In order to be successful within their industry, they have to focus their efforts on building differentiated competencies to run a high performance business.

The purpose of the book “Digital Capability - Building Lego-Like Capability into Business Competency “ is to provide an insightful understanding of assessing, developing, and managing organizational capabilities in a structural way. 

The organization’s competency is based on a set of cohesive capabilities and how fast and effective they can be built upon. The high-mature organizational capability is the digital business differentiator, to keep the business unique, competitive, and innovative, to improve business maturity significantly. The capability views enable dot connections and help the business identify “actuality, capability, and potentiality,” build Lego-like capabilities into core business competency and improve the success rate of strategy execution and overall business maturity.

                      Initiatives


Initiatives Change is increasing its space; how viable the business is depends on the business's ability to build new capability, and achieve innovative forms of competitive advantage given path dependencies and market positions. Organizations need to keep discovering their own strength, find their niche. Complexity is the content put in the building blocks and the outcomes from interactions with the building blocks. Forethought organizations build a set of core, and better recombinant capabilities in order to become more competitive.

Influentialinitiatives Organizations and the world as a whole become over-complex, interdependent, understanding the business dynamics, working to influence multifaceted business management takes attention and energy, dealing with uncertainty, ambiguity, and handling complex business problems effectively. Businesses need to find the right spot to change, identify critical problems to solve, with proven advantages to improve organizational agility.

Initiatives The world moves too fast and marketing, finance, technology, leadership are all intertwined; how would you manage the business transformation; what tools, artifacts, road-mapping etc, would you create to ensure that business is evolving towards the clearly defined vision? Forward-looking organizations explore the new arena to speed up by balancing stability and fluidity; process and innovation; centralization and decentralization, push and pull, etc., manage the “shade of gray”; build differentiated capabilities, to guide the organization forward effectively.

Initiatives Nowadays, technologies bring unprecedented convenience and deeply influence on how people think, live, and do business. Organizations can respond to the ever-changing environment dynamically based on information fluency and integral capabilities.

Initiatives In face of rapid change, fierce competitions and hyperconnected business environment, it is without a doubt that organizations across industries should realize that in order to be successful within their industry, they have to focus their efforts on building differentiated competencies to run a high performance business.
 
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