It’s important to develop a series of best and next practices to articulate hidden logic, scale up and amplify digital effects.
e digital era means increasing speed of changes, hyperconnectivity, interdependence, and people-centricity. It is the state of dynamism, continuum, and interaction.
Unarticulated: Re-imagining the future of business is exciting, but investigating the different paths for unlocking business potential takes a systematic approach. Miscommunication, misunderstanding, mistrust are common symptoms in business transformation. It’s important to build key “sensing” processes, engage employees, listen to customers, and involve them in both idea generation and process implementation, to gain fresh insight and empathy.
Business managers articulate a vivid business story with all interrelated and sequential components such as business model, business strategy, and business architecture. They can see a larger global business system with interactive pieces and conflict goals, look for patterns rather than isolating causes, articulate hidden clues, critical business problems, in order to deal with dynamic business environments smoothly, harness trust, respect, balance, empathy, engagement, and logic.
Unrecognized: Even though people like to think they use objective information and explicit criteria for decisions, they often find out later there were unrecognized issues, hidden criteria and just estimates of the future, not objective facts. By leveraging system understanding of the organization, business management can recognize emerging trends, identify potential risks, become more effective to enforce cross-functional relationships and collaboration, and improve the overall health of the business.
People do not take things for granted, but challenge conventional wisdom or some assumptions about the problem, identify unrecognized issues, and figure out better ways to solve them. It’s important to define how we perceive the “problem” and provide an insight into the emergent inherent properties, both emergent opportunities required and the negative emergent issues (known and previously unrecognized problems) that come about. The holistic view helps to perceive what you really need to know, and can do it within seconds intuitively. Also, it is a waste of resources to leave any invaluable human potential left unrecognized, untapped and unused.
Unexplored: Uncertainties are a common occurrence in any walk of our progress, what are unexplored opportunities and risks? Be it social, professional or personal life, the business world becomes hyper-connected and interdependent, forward-looking organizations are in the state of introducing fresh business concepts, experimenting with something new or exploring the better opportunities to grow the business and solve problems alternatively.
Information technology visionaries and business strategists first should be aware of new technologies before they can learn to apply it to the business. This is the prerequisite for the leaders to understand how to capture the digital technology trend and well apply the right technologies to the business with a tailored solution to catalyze business growth. Information management should be managed holistically as the corporate asset, refine information into business foresight, grasp growth opportunities, prevent risks proactively, and make provision to meet any eventuality. By exploring emerging technology and abundant information, a company can speed up and move into a more advanced stage of digital exploration.
The pace of digital paradigm shifts is quickening, regardless of which industry or the nature of organization you are in, it’s important to develop a series of best and next practices to articulate hidden logic, scale up and amplify digital effects. Business leaders today should navigate through uncertainty or ambiguity in a dynamic business environment and internalize changes effectively, applying different management approaches to fit specific circumstances, improve organizational agility and resilience.