The Monthly “Dot Connections” to Accelerate Digital Transformation July 2016
The effects of an increasingly digitalized world are now reaching into every corner of businesses and every aspect of organizations. Digital is the age of creativity and innovation, creativity is the most wanted trait for digital leaders and professionals today, and innovation is the light every organization is pursuing. Creativity is all about connecting the dots. Which dots shall you connect to accelerate digital transformation?
The “Dot Connections” to Accelerate Digital Transformation
Change vs. Transformation: Change is defined in the Oxford dictionary as "substitution of one for another," and transformation is defined as "to CHANGE the character or form." Transformation….., the word itself is the first indicator, transform….The definition of transformation in the dictionary is, "to change (something) completely," so it’s much more than renewal, its rebirth. The dictionary adds…" and usually in a good way," which suggests it’s co-productive, rather than counter-productive, and implicit too, is enjoyable, Hence it includes the affective realm of experience. It makes sense to use the complexity of the shift required to differentiate between change and transformation. The biggest challenge with any large scale transformation program is – do the senior leaders truly understand the time and impact on the organization and do they have the intestinal fortitude to hold up to corrections in the face of quarterly earnings report pressure? In that light, isn’t the point of the discussion here to clarify something about management? What is difficult about the concept of managing one or more changes as a means of accomplishing a managed transformation?
Vision vs. Strategy? Vision is where or who you want to be and strategy is how you can achieve or reach your goal. An unclear vision leads to defective strategy. Visions inspire; strategies compel; vision comes first, but sometimes vision appears and gets clear by working on the strategy. A vision describes the desired future position of the company. A strategy is an action or ways chosen to bring about the desired future, such as achievement of a goal.
Goals vs. Objectives Business strategy, goals, and objectives are all relevant and important concepts in business management, usually the goals and objectives are set to achieve business strategy step by step in a measurable way. According to businessdictionary. com, “business goal is an observable and measurable end result having one or more objectives to be achieved within a more or less fixed timeframe. Synonym.: object, aim, intention, end, purpose. The objective is a specific result that a person or system aims to achieve within a time frame and with available resources. Synonym includes goal, aim, intention, purpose, design.”
Talent Development vs. Talent Creating? Connotatively and denotatively, talent is innate, a “raw” ability. It’s a natural affinity for something. It can’t be completely trained. Talent is not equal to experience, just like wisdom is not always proportional to one’s age. What you can and should do is to provide the opportunities (talent development) for people to hone their talents and let them shine. Where "Creating Talent" is akin to taking raw material and building what you need out of it, the well-crafted talent is a good combination of willpower + brainpower + knowledge power.
Strategic KPIs vs. Operational KPIs: KPIs are indicators to identify if the adopted strategy, operation, and process, etc is working toward the objective. As such, you don’t "adopt" a KPI to "achieve an outcome," you adopt a strategy or operational workflow to achieve the outcome, and you define KPIs to monitor the progress and performance. That’s the name KPI –Key Performance Indicators stand for. The provocative question is: is it possible to link operational KPI’s to strategic ones to reflect and track the overall progress in achieving the strategic goals?
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