The Monthly “Digital Maturity” Book Tuning: The Corporate Ecosystem Planning & Expansion June 2020
The Corporate Ecosystem Planning & Expansion
Ecosystem Planning and Expansion With the exponential growth of information and emerging digital enterprise platforms and collaboration tools, everything is interconnected and the business ecosystem becomes more interdependent and dynamic than ever. The digital ecosystem expands when the business territories blur and the organizational communities broaden their scope and consume all sorts of resources.
Running a “Boundaryless” Digital Organization Today’s digital businesses are nonlinear, volatile, interdependent, and uncertain. Digital blurs the geographical, functional, organizational, and even industrial borders nowadays. It means that organizations today need to be fast and flexible, have fewer boundaries but better abilities for dots connections Tso that the business can adapt to changes effectively and innovate continually. Here are three aspects of running a “boundaryless” digital organization.
Five Stages of Digital evolutionary ecosystem Digital is the new paradigm shift to deeply connect the business with the natural ecosystem. The digital business ecosystem is dynamic, nonlinear, expansive, and complex. Digital makes the business flatter and the world smaller because of its very characteristics of hyper-connectivity and interdependence. Digital management also needs to shift from linear and reductionistic to nonlinear and interdisciplinary for dealing with the new “VUCA” digital reality. Therefore, digital leaders today must frame the bigger thinking boxes and approach problems via multidimensional lens, technically, scientifically, holistically, and culturally. They need to understand the five stages of the digital evolutional ecosystem in order to lead innovatively and progressively.
Three System Pillars in Building an Intersecting and Interacting Digital Organization Digital is the new paradigm shift to deeply connect the business with the natural ecosystem, which is a community of living organisms in conjunction with the nonliving components of their environment. Digitalization makes the business flatter and the world smaller because of its very characteristics of hyper-connectivity and interdependence. The effects of an increasingly digitized world are now reaching into every corner of businesses and every aspect of the organization which consists of the follow three types of intersecting and interacting systems:
Debunk the Myth of Digital Business Ecosystem The digital transformation is now spreading rapidly to enable organizations of all shapes and sizes to reinvent themselves. A high mature digital organization can bring greater awareness of the intricacies and the systemic value of organizational systems, business competency, people dynamics, resource alignment, information permeation, and technological touches with ecosystem perspective. The digital ecosystem is dynamic, hyper-connected, expansive, and interdependent. It provides unprecedented opportunities to strike a dynamic balance between the inner and outer business elements; it expands when the components of the business system consume all sorts of resources and broaden their scope of influence. There are known known, known unknown, and unknown unknown. How to debunk the myth of the digital business ecosystem and leapfrog the business to the next level of the organizational growth and maturity?
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