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 to Build Capability
Initiatives iv The characteristics of digital business are dynamic, volatile, uncertain, and hypercompetitive, therefore, it is critical for companies to improve business agility and develop organizational resilience. Faced with restrictive budgets and perceived risks of skill shortfalls, process ineffectiveness, and business dynamic, it is imperative to take initiatives for identifying and closing business capability gaps, building unique organizational competency to reach the clearly defined vision and achieve strategic business goals seamlessly.
Initiatives iii Organizations face an unprecedented level of uncertainty, the reason why some or many business transformations fail – some soft factors and the challenge of complexity come into play. Leading businesses across the vertical sectors are the ones that can manage change fluently, building differentiated competencies, creating a winning digital dynamic in a structural way.
Initiatives ii In face of changing dynamism, fierce competition, problem-solving complexity, being a professional is inherently and inextricably linked with high levels of “professionalism,” with positive mentality and attitude, sound judgment, integral capabilities, and good behaviors. Business professionals need to have a winning mixture composed of intelligence, competency, humility, and emotional excellence.
Initiativestoinnovate Running business is complex; the business nonlinearity comes through different characteristics such as diversity, volatility, ambiguity, unpredictability, and increased flux. It’s always critical to improve organizational effectiveness, capabilities and resilience.
Initiatives Nowadays, in dealing with unprecedented uncertainty and increasing pace of changes, strategy is dynamic, capability enabled strategy management has significantly higher success rate. Thus, capability development also needs to be dynamic to adapt to the rapid change.
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