A digital strategy is cross-functional effort, multidisciplinary, multidimensional planning; it brings up new functions, roles, collaboration, demand for intuition and emergence, complementarities, philosophy, neutron sciences, and trans-disciplinary businesses. And digital strategy execution is not linear steps, but an iterative continuum.
Implementation
Initiatives ii With the faster pace of changes and continuous disruptions, organizations today have to be learning agile, continue developing dynamic capabilities for leading their business forward. Thus, planning and forecasting become challenging, and often planning fallacy turns to be a business reality.
Initiatives We are living in a complex world where change is part of the new normal, that makes it impossible to have complete knowledge and understanding of many issues facing organizations today. Forward-thinking organizations have to take an iterative approach in prioritizing and managing business initiatives.
Initiatives Implementation 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.
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.
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.
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