Rapid change, diversification, hyper-connectivity, nonlinearity, and interdependence, etc, are the very characteristics of the digital era.
Organizational coherent state which is supported between the spins and waves of components seems to be the key business property to emphasize: Running a successful business is a journey; you have a clear destination, but you need to pick the varying processes/practices/tools to get there. Important business components should be reviewed regularly, refined regularly and are transparent across the organization, bringing into alignment of most of the key parts of the business.
Not all processes and improvements are equal because each touch-point does not always have the same effect. Select the right component leverage to adjust. For instance, Process Management is to manage the known from the flows. Strong business processes have a better chance to produce better outcomes. Every part of the process is interlinked and the smallest touchpoint will have an effect on a major touchpoint further up or down the line, and therefore, will have an overall effect on the “whole” processes to produce better results.
Not all processes and improvements are equal because each touch-point does not always have the same effect. Select the right component leverage to adjust. For instance, Process Management is to manage the known from the flows. Strong business processes have a better chance to produce better outcomes. Every part of the process is interlinked and the smallest touchpoint will have an effect on a major touchpoint further up or down the line, and therefore, will have an overall effect on the “whole” processes to produce better results.
Important bits & bytes of information can make a significant impact on business changes: Information is the crucial ingredient of business management. There is no way and not necessary to absorb every bit & byte of information flowing to you, you need to be informative, but selective. Thus, more attention needs to be placed on the conditions that allow information/knowledge to flow, connect dots to create new ideas, and generate business value.
Information comes from the analysis of that data, technology allows for capture, manipulation, and presentation of information. With emerging lightweight digital technologies and frameworks, the highly effective digital organization has a higher level of responsiveness because information can flow to the right people to allow them to make the right decisions at the right time to bring better results and improve business agility.
It’s crucial to proactively develop the resource-rich innovation hubs and clusters across enterprise ecosystems for enabling idea flow and business growth: The traditional organizations can become more innovative if they can consciously break down silo mentality and the bureaucratic management style. For many organizations, ecosystems have evolved without much attention or planning. Innovations simply benefit from being developed in and subsequently commercialized in a more open ecosystem. Companies across the vertical sectors can benefit from open innovation by fully engaging with their partners or customers.
There is more flow of creative ideas, the more is happening to expedite business growth. Companies need to proactively evolve and develop a vibrant innovation ecosystem in which businesses can thrive and reach the next level of innovation maturity. Digital hyper-connectivity can foster innovation through broader scope collaboration and create synergy for achieving innovation success. Innovation collaboration teams embrace multiple disciplines and understand how systems work, develop the cross-ecosystem innovation clusters that enable idea flow, and create synergy for idea management. This yields competitive advantage.
Rapid change, diversification, hyper-connectivity, nonlinearity, and interdependence, etc, are the very characteristics of the digital era. Organizations are at the different vertical sectors and stages of business transformation. They should meet their business needs and take a logical approach to build their organizational innovation strength, investigate different paths to business growth, shape solid forms, and drive changes at steadfast paces, to achieve the long-term business results in a consistent way.
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