Monday, June 19, 2023

Initiatives

Success of business management undoubtedly lies in the timely implementation.

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.

                      Implementing


Implementation Increasing pace of changes, the overwhelming growth of information, fierce business competitions, and frequent disruptions create characteristics of the business ecosystem such as uncertainty, complexity, unpredictability, and ambiguity. The assessment of the best alternative in corporate strategy implementation depends on the nature, culture, and strengths of the organization. Every process in planning and implementation; every expenditure of time, budget , or energy, and every assignment of resources, talent, should reinforce an iterative implementation continuum.

Implementation Rapid change is the business new normal, there are many roadblocks on the way of strategic planning-implementation. Corporate leaders today should navigate through complexity, velocity, uncertainty or ambiguity in a dynamic business environment. The planning and implementation as iterative processes that balance each other can produce meaningful outcomes.

Implementation Uncertainty and unpredictability are part of the new normal. Implementation is always more important than design in a VUCA world. As the old saying goes: plan is nothing, planning is everything. The degree of planning has a positive correlation with the degree of uncertainty and unpredictability. Strategic planning is not just about defining what is your goal, but it is the path to the achievement of the goals. To make smooth implementation, the strategic planning needs to get to the level of specifically achievable goals, enhance an iterative planning-implementation continuum.

Initiativesofimplementation In adapting to the rapid change and fierce competitions, the success of business management undoubtedly lies in the timely implementation and this can be achieved only through effective leadership, employee engagement and collaboration, continuous persistence and follow up with strong governance discipline.

Initiatemplementation Increasing pace of changes and fierce disruptions are the new normal, statistically, strategy implementation has a very low success rate. Increasing global connectivity, uncertainty, chaos and ever-rising customer & employee expectations perhaps are some of the reasons behind this gap. There is no good strategy without execution and there is no good execution of a bad strategy. Execution, or implementation is always more important than design in a “VUCA” world. Yet the act of planning or design is important as a way of gaining shared intents. Implementation of strategy is the journey that is adjusted through the redefinition, prioritization, and control of the strategic initiatives.

The “Future of CIO” Blog has reached 10 million page views with about #11000th blog posting in 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. The “Digital Master” book series includes 29 books to share insight from the multidimensional digital lens and perceive the multi-faceted impact the digital era upon us is making to businesses and society. The content richness is not for its own sake, but to convey the vision and share the wisdom. Blogging is not about writing, but about thinking and innovating new ideas; it’s not just about WHAT to say, but about WHY to say, and HOW to say it. It reflects the color and shade of your thought patterns, and it indicates the peaks and curves of your thinking waves. Unlike pure entertainment, quality and professional content takes time for digesting, contemplation and engaging, and therefore, it takes time to attract the "hungry minds" and the "deep souls." It’s the journey to amplify diverse voices and deepen digital footprints, and it's the way to harness your innovative spirit.

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