Forward-looking organizations are on the journey of digital transformation, to become nimbler, more innovative and customer-centric, to achieve high-performance business results consistently.
Digital makes a significant impact on every aspect of the business from people, process to technology, both horizontally and vertically. Digital becomes the very fabric of high performing business, being outside-in and customer-centric is the new mantra for forward-looking and high mature digital organizations today. Digital Master refers to those high-performing, highly innovative and high-mature (less than 15%) digital organizations; they have both clear digital vision and well-crafted digital strategy; they are courageous to be in the vanguard of digital transformation with a quantum lead. Digital leaders must realize that you cannot wait until there is an immediate pressing task, continuous adaptability is necessary in an ever-changing world, in order to run a future-driven digital organization.
Build Digitally Competitive Organization
Build Digitally Competent Organization With “VUCA” digital new normal, organizations today have to adapt to continuous changes, exponential growth of information and frequent disruptions. Digital management is fundamentally an iterative cycle to design, develop, scale, and optimize business competency for integrating, optimizing, innovating, and achieving the desired effect under specified performance standards and conditions, and build digitally competent organization.
Develop a High-Competitive Organization via Seamless Transitions The rapid change, exponential growth of information, consumerism, and many other factors are creating new challenges and opportunities for enterprises to survive and thrive. Organizations of the future are increasingly exhibiting digital characteristics in various shades and intensity to make seamless transitions, deliver faster and increasing market share and tailored approach to fit specific circumstances and respond to the external environment dynamically.
Transactional vs. Transformational Digital Competency Forward-looking organizations are on the journey of digital transformation, to become nimbler, more innovative and customer-centric, to achieve high-performance business results consistently. To reach the digital vision, businesses have to build the healthy digital capability portfolio with the balance of transactional capabilities for “keeping the lights on,” and the transformative capabilities for lifting the organization to the upper level of maturity. The cohesive set of business capabilities is built into the digital competency of the organization for gaining a long-term business advantage.
Shaping IT Competency to Drive Digital Transformation Digital businesses are becoming complex and uncertain. Technologies nowadays are the disruptive forces behind digital disruptions, and information is one of the most invaluable assets of modern businesses. Organizations across industrial sectors rely more and more on information and technology. Thus, from a strategic perspective, to survive and thrive, it’s not sufficient to run IT as a commodity service provider, IT is the value-added business partner that makes the company different and achieve more. IT organization has more to offer but also has more obstacles to overcome. How to shape IT competency and improve IT performance and maturity.
Running Digital Organizations with Differentiated Business Competency The characteristics of digital business are dynamic, volatile, uncertain, and hypercompetitive. Digitalization implies the full-scale changes in the way business is conducted so that simply adopting a new digital technology isn’t insufficient. You have to continuously scale up and dig underneath, optimize organizational processes and develop business capabilities, transform the underlying organizational structures and functions to ensure the business as a whole presenting the differentiated business competency and running with digital speed. Here is a set of differentiated business competencies.
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