Monday, June 26, 2023

Initiatives

Scientific business discipline is precise, exact and can be accurately and logically represented and reused.

Nowadays, organizations are complex, people are complex, and business ecosystems are complex. There are many shades of corporate complexity, there are invisible factors that decide organizational agility, performance, and overall maturity. As societies are steadily moving into the digital era with characteristics of hyper-connectivity and interdependence, linear management has its limitations.

 It's important to take a holistic discipline for dealing with business complexity, figuring out the great way to keep the organization moving forward and produce great outcomes coherently.

It is crucial to figure out the root cause of large scale problems by uncovering issues underneath:
Business problems today are interdependent, become complex if things do interact, particularly in the case of nonlinear interconnection and interactions. We can't separate things properly; we cannot predict the actual effect of interactions straightforwardly. It’s critical to discover the hidden logic, gain contextual understanding of business knowledge and practices.

Problem-solving today is complex; the predictive “cause and effect” in business dynamics includes nonlinear cause and effect models. After tracing down the root cause, leverage the limited resources, make the right choice to take actions for fixing them, and develop logical business problem-solving scenarios.

It is strategic imperative to figure out the “right level” of planning, make the continual attention to changes in the business and its external ecosystem environment: In adapting to the dynamic reality, business management needs to understand how change affects the future of the business, and craft a good enough strategic plan. The extent or exhaustiveness of a plan will vary depending upon a spectrum of factors which include dimensions such as size or scale of business initiatives, budgets, resources to be marshaled, complexity in terms of project reach. Get the bigger picture clear on what, when and how to achieve based on the dollar value and available resources.

What is the "right level" of planning? It is whatever is needed to get you off the ground & running. Then plan a little and try implementing to see immediate results to verify against the expectations. Planning takes a majority of the overall effort to produce results in terms of profitability and solutions. When "planning" starts to interfere with "executing," business management needs to make appropriate adjustments in enhancing a “planning- implementing-adjustment” continuum.

It’s important to keep experimenting, figure out their own business transformation formula:
The scientific part of management helps to set the policy, guidelines, structure, and methods to achieve strategic agility. There's no such magic formula or “one size fits all” formula for expressing the direction an organization wants to develop itself. Organizations just have to meet their own circumstances, follow the business principles, capture the trends and integrate different ingredients into their strategic planning and execution.

Individuals or businesses must take their own unique approach, be flexible, learning-agile, and develop their own problem-solving methodologies and practices. The art of management will take a more crucial role in a variety of management in order to lead the business transformation seamlessly. Perhaps there’s no magic formula to calculate the exact value business change brings in, But, the generic change formula which does make some sense: People (50%) + Process (25%) + Tools (25%) (in that order) = Results.

Organizations today have the characteristics of hyperconnectivity, nonlinearity, and unpredictability. Scientific business discipline is precise, exact and can be accurately and logically represented and reused. It’s important to gain a comprehensive understanding of business forces, develop structural management frameworks in leading business transformation effectively.

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