Tuesday, June 6, 2023

Initiatives

An organization would need to ask whether they need the capability at the base level to sustain the business, or at differentiating level to be the key differentiator for the 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 now the business new normal, organizations and global societies become more hyper connected than ever. To break down silo thinking or other types of outdated mindsets, business leaders have to clarify the big “WHY” behind changes, provide clear process guidelines, and bring up views from outside-in. It’s important for the management to apply a bigger thinking box, ask themselves a set of questions, to close gaps, work across-boundaries to find holistic solutions, build organizational competencies for achieving critical business goals ultimately.

Initiatives Given the “VUCA” normality of the business and given the challenges of ever-evolving dynamic ecosystems, organizations today are usually dynamic and have a lot of moving parts, multithreaded business practices. Organizations nowadays are complex, because a particular business initiative in the organization could impact multiple capability increments. It’s always important to predict or estimate that the investment is directed at certain goals and maximize return on investment. The initiative management should be proactive, situate the organization within a growing and highly profitable product market niche, and build differentiated business competency.

Innateability Organizational capability is the means to an end for achieving certain business performance. An organization would need to ask whether they need the capability at the base level to sustain the business, or at differentiating level to be the key differentiator for the business. The evaluation of capability maturity is based on capability effectiveness, innovativeness, or impact. What level of capability development is required in future based on business strategic priorities. It’s important to make an objective assessment of which level of maturity your organizations have arrived at.

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. It’s important to take an overarching approach that has to dig underneath the surface of businesses and take holistic management to integrate both hard and soft business elements to build differentiated organizational competency, improve business agility and lead transformational changes smoothly.

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.

0 comments:

Post a Comment