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Link: Three Approaches to Managing Total Digitization – Peter Weill and Stephanie Woerner

January 15, 2014 By brenda michelson

“How are enterprises managing the spread and scope of total digitization? We at MIT CISR have found that enterprises are using one or more of three approaches to managing total digitization: convergence, coordination, or a separate digital innovation stacks approach. Each approach has very different objectives and measures of success.”

…

“Convergence is about reducing cost, reducing risk, and achieving synergies. Coordination is the right choice for enterprises that are trying to achieve a few enterprise-wide goals such as improving customer experience or asset utilization. Finally, the separate digital innovation stacks approach is right for enterprises that believe autonomy helps improve innovation and local customer responsiveness.”

“We believe that managing total digitization is one of the biggest opportunities and challenges facing enterprises — and their CIOs — today.”

Source:  HBR Blogs

via my Diigo

Filed Under: digital, links Tagged With: stream

Link: The Nine Elements of Digital Transformation | MIT Sloan Management Review

January 14, 2014 By brenda michelson

Another perspective, similar findings:

“Companies in all industries and regions are experimenting with — and benefiting from — digital transformation. Whether it is in the way individuals work and collaborate, the way business processes are executed within and across organizational boundaries, or in the way a company understands and serves customers, digital technology provides a wealth of opportunity.”

MIT Center for Digital Business research surfaced 9 elements across three categories:

Transforming Customer Experience

  • Customer Understanding
  • Top-Line Growth
  • Customer Touch Points

Transforming Operational Processes

  • Process Digitization
  • Worker Enablement
  • Performance Management

Transforming Business Models

  • Digitally Modified Businesses
  • New Digital Businesses
  • Digital Globalization

For the details:  The Nine Elements of Digital Transformation | MIT Sloan Management Review.

Filed Under: business-technology, digital, links Tagged With: 2015IT, stream

Diagram: McKinsey Digital Transformation Areas

January 14, 2014 By brenda michelson

“The potential impact of digital technology varies widely by industry, but most enterprise leaders share an important challenge: how to get beyond the small share of the prize they are capturing today by looking for impact across the whole value chain.”

McKinseyDigitalSweetSpot

Source: Finding your Digital Sweet Spot, McKinsey

Related McKinsey Research: The Digital Enterprise

Filed Under: business-technology, digital Tagged With: 2015IT, stream

Link: Control Is for Beginners – Deborah Mills-Scofield – Harvard Business Review

December 22, 2013 By brenda michelson

“When we don’t give our people the space to take calculated risks, learn, apply, and iterate, we are really risking our future.  While there is a risk to improvising and spontaneity, control brings its own insidious dangers. In our push for perfection, we over-engineer. We add so many bells and whistles that it takes a Ph.D. to use the product. Just because we can doesn’t mean we should.  Just because we can practice to perfection doesn’t mean that’s best.”

Source: HBR Blogs
via Diigo

Filed Under: links Tagged With: governance, hbr, stream, talent_management

11 Rules for Critical Thinking via Brain Pickings

December 22, 2013 By brenda michelson

From the fantastic Brain Pickings:

“Dubbed Prospero’s Precepts, these eleven rules culled from some of history’s greatest minds can serve as a general-purpose guideline for critical thinking in all matters of doubt:

  1. All beliefs in whatever realm are theories at some level. (Stephen Schneider)
  2. Do not condemn the judgment of another because it differs from your own. You may both be wrong. (Dandemis)
  3. Read not to contradict and confute; nor to believe and take for granted; nor to find talk and discourse; but to weigh and consider. (Francis Bacon)
  4. Never fall in love with your hypothesis. (Peter Medawar)
  5. It is a capital mistake to theorize before one has data. Insensibly one begins to twist facts to suit theories instead of theories to suit facts. (Arthur Conan Doyle)
  6. A theory should not attempt to explain all the facts, because some of the facts are wrong. (Francis Crick)
  7. The thing that doesn’t fit is the thing that is most interesting. (Richard Feynman)
  8. To kill an error is as good a service as, and sometimes even better than, the establishing of a new truth or fact. (Charles Darwin)
  9. It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so. (Mark Twain)
  10. Ignorance is preferable to error; and he is less remote from the truth who believes nothing, than he who believes what is wrong. (Thomas Jefferson)
  11. All truth passes through three stages. First, it is ridiculed, second, it is violently opposed, and third, it is accepted as self-evident. (Arthur Schopenhauer)”

via Was Shakespeare Shakespeare? 11 Rules for Critical Thinking | Brain Pickings.

Filed Under: links, thinking styles Tagged With: archive_0, stream

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Brenda M. Michelson

Brenda Michelson

Technology Architect.

Trusted Advisor.

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