Wednesday, Jan 19, 2022

Innovativesocietyiii

It’s important to architect, reimagine, and co-develop an innovative society via an expanded lens and hold on to a strong belief that collective..

title It’s important to architect, reimagine, and co-develop an innovative society via an expanded lens and hold on to a strong belief that collective progress leads to societal advancement.



The digital world is hyper-connected and interdependent, collective progress can be accelerated when we shape advanced mindsets, fine tune organizational structures, capabilities, evolving into innovative activities and movement in a consistent way by enhancing governance discipline. 

In practice, building an innovative society is not an overnight phenomenon, but a long-term planning and years’ structural efforts. Top leaders need to be sensitive to emergent trends, pay dynamic attention to the opportunities and risks on the way, look beyond today and ask open-ended questions for future orientation, make dynamic planning and implement it in a structural way.

Structural flexibility: Compared to traditional organizations or societies with silo setting and overly rigid processes or structures, the functional, industrial, or geographical borders are blurred, information can flow, knowledge can be transferred cross-domain within the ecosystem frictionlessly; formal and informal structure are wrapped around to enhance cross-disciplinary communication and collaboration, to achieve structure flexibility. The digital society is like the living system, spontaneously self-organizes, generates patterns, forms dynamic structures, initiates business activities, and above all, creates novelty over time. It is complex enough to act intelligently and nimble enough to adapt to the change promptly.

As a matter of fact, the society as a whole becomes more hyper-connected and interdependent, quite many problems become over-complex. In order to solve problems holistically, it’s important to “loose” the organizational structure, break through conventional wisdom, the dedication and efforts may be spent on innovation efforts rather than overcoming organizational hurdles, pushing against structural boundaries, in line with your desired direction and organizational ambition to adapt to faster pace of changes and frequent disruptions, achieve new learning, growth; gains in desired culture change, improve innovation rate and people satisfaction for the second level of gains. The industrial, geographical boundaries are considerably loosened up; ideally, the new organic, self-organizing societal system approach to increase business agility, open up for innovation effort, could become a reality, and that will be a true evolution of digital transformation.

Capability coherence: Organizations or societies have to adapt to the continuous changes by building dynamic capabilities and developing organizational advantage. Capability defines "what" a business does or can do by encapsulating all organization resources (tangible, intangible or human resources) to achieve certain business results and make improvement. Oftentimes, capabilities can be built dynamically, apply the Lego-like design, recombine capabilities to the new distinctive capabilities to accelerate products/services deliveries. The exponential information growth and emerging technologies bring great opportunities for the organizations to continue sharpening their strength and shaping dynamic capabilities; help to innovate organizations or societies via process optimization, capacity building; modular design architecture development with quality and reusability.

Organizational success is dependent upon a few core and differentiating business capabilities. To achieve capability coherence and run an innovative organization or society, the organization’s core competency is based on a set of differentiated and cohesive capabilities and how fast and effective they can be built upon. Capability optimization may evolve and move from base or competitive level to differentiated level based on the information technology evolution, business model evolution, knowledge transfer, etc. Make wise choices for investing in the best of breed capability and integrate them into cohesive and differentiated business competency.

Governance Intelligence: Governance is about performance and compliance; Governance is about enforcing decision effectiveness across the organizational hierarchy, and getting the people, culture, accountability, and performance right. It builds a set of solid policies, disciplines and practices leading to effective management by enforcing accountability, shared ownership, empathetic communication, innovation, and risk intelligence. It enforces a list of common corporate characteristics, manages organizational complexities, and creates a good working environment to harness accountability, ensuring alignment with the corporate objectives, and procedures for how organizations work, and measuring value creation qualitatively and quantitatively.

Variety, hyper-connectivity, diversification, interdependence, nonlinearity increase change intensity, one point of struggles is governance taking away liberties that are essential to people doing their jobs in a creative way. In order to build an innovative society, governance is important but should be handled and prioritized in such a manner that they're inherent in the way without negatively impacting the working flexibility to deliver alternative solutions. Therefore, governance enforcement should take a new meaning such as agility, focus, intelligence, and creativity in the dynamic era of digitalization. Technically, governance intelligence is about building a sophisticated governance system, aligning it with the organization's strategy, so it becomes a vehicle for strategy execution in this way that intelligent processes are well shaped to encourage autonomy and improve adaptability.

It’s important to architect, reimagine, and co-develop an innovative society via an expanded lens and hold on to a strong belief that collective progress leads to societal advancement. Organizations evolve changes with different speed, take the journey of experimenting, commit to explore the emerging digital horizon and unlock the full collective potential to advance humanity.

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By: Pearl Zhuhttp://www.blogger.com/profile/[email protected]
Title: Innovativesocietyiii
Sourced From: futureofcio.blogspot.com/feeds/5076852281482567199/comments/default
Published Date: Thu, 13 Jan 2022 03:49:00 +0000

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