Sunday, June 25, 2023

Initiatives

Organizational management needs to explore different paths for designing new business models, understand business value chain/stream, and take the alternative value creation approach to accelerate performance steadfastly.

Great opportunities, dangers, and disruptions are around every corner. There are players starting with different resources and competitive positions; there are different complexities at different layers of organization, at different times and locations. Creating new revenue streams and generating business value is a strategic aspect of business’s survival and thriving.

It’s important to overcome “growth pain”: We cannot predict anything beforehand but can imagine with many experiences involved in the present or in the past. It takes practice to build a competitive team with self-motivated people who can adopt a personal drive to grow themselves professionally in changing contexts. Once people have experienced advanced mental growth and emotional excellence, they can walk through the cycle of “learning, sharing, understanding, innovating, influencing.”

In practice, organizational managers help employees at all levels to “think out of the box”; take calculated risks, go beyond their defined roles and build organizational capacities to reach the next growth cycle strategically. To deal with fast-paced changes and continuous disruptions, a growth mindset is in strong demand to ride learning curves and make progressive movements.

It is great when the organization provides support and empowers its staff by showing respect and offering talented people opportunities to achieve more: Collective potential transcending into the business potentiality is the greatest thing that the organization should ever invest in because it is the driving force to catalyze the business growth. A potentiality navigator plays a critical role in workforce analysis, exploring talent potential, to make sure that the work environment encourages creativity.

Make sure talented people get placed into the most conducive environment in which they can flourish and make the maximum contribution. If you can explore alternative talent pools, develop a global talent pipeline, and make businesses more effective and efficient, organizations can reach the next level of people management fluency.

It is strategic to develop a set of differentiated capabilities that enable the business to shape strategic differences: Reorganization happens when an organization decides to differentiate by taking an existing capability to the next level, improving organizational advantage that the competitors cannot beat. What matters is capability maturity, the high-mature set of business capabilities can make organizations more adaptable to fulfill their strategy, and become the key business differentiator to build a strong organizational brand.

Innovation management is a differentiator for companies to catalyze business growth and improve long-term business perspective. The more integrated and culturally based innovation is, the more sustainable such initiatives are. Real strategic differences are difficult or even impossible for competitors to imitate.

Forward-thinking organizations today need to constantly adapt to the ever-changing environment, make some necessary breakdowns, and enforce strong management disciplines. Business management needs to explore different paths for designing new business models, understand business value chain/stream, and take the alternative value creation approach to accelerate performance steadfastly.

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