Pearl Zhu's Blog, page 1235
April 19, 2017
How to Walk the Innovation Talk Effortlessly

Innovation is not an aimless adventure, but a business value-driven journey: There are many areas within a company where the innovation process can be applied to create value. An Innovation ecosystem is a systematic innovation methodological environment or a sort of "professional philosophy" for innovation. An effective 'innovation system' is capable of supporting both widespread incremental innovation in products/services and ways of working as well as the rarer 'step-change' innovation in products/services, working methodologies, business models, and market positioning. Digital innovation has expanded horizon, from hard innovations such as products/service/business model innovation to soft innovations such as leadership/communication/culture innovation. Innovation ecosystem or the methodological environment should cover the whole innovation process, from processes in managing ideas or idea handling systems to idea implementation and promotion. An enriched innovation ecosystem enables systematic innovation management. A clear vision and a handy roadmap could help “keep the ends in mind,” and take the journey with faster speed. It starts with innovation strategy defines "WHAT does the organization innovate" or "where should it innovate" to support the overall strategy. The robust processes, systems, and tools that enable any entity to generate winning concepts for innovation management on the consistent basis, which is the prerequisite for sustaining advantage and growth.
Be cautious of innovation pitfalls and overcome innovation roadblocks: All humans are naturally creative. However, many silo-based work environments have overly rigid processes which stifle innovation and hidden barriers which discourage creativity. At industrial silos, people are treated as resources and cost, and most works are operational in nature; however, digital breaks down such silo thinking, it is important to create and nurture an environment in your organization where inquisitiveness and humility are appreciated, curiosity is encouraged, and creative thinking is rewarded. The talent management gurus brainstorm the idea of 'productive friction' as a way of encouraging and instilling a creative innovative environment. The top-down approach is fitter for well-planned business improvement, and the disruptive innovations more often happen from bottom up. Creativity can make many operational works more effective, doing the right things, rather than just doing the things right. A creative working environment makes the work not just a job, but a career journey full of discovery and adventure.

Walking the innovation talk is a well-prepared journey. The creative workplace is based on a triangle with three vertices: culture, method, and people. “Business Creativity" must be something to do with the customers as digital is the age of the customer, to create an interactive environment with customers, so that you can reverse engineer from customer to a creative product. Innovation needs to lay out different structures, thinking and solutions to allow this to develop into its potential where organizations are combining all that is available to them in imaginative, advantageous ways. take an innovation journey with solid footprints and create its own landscape.Follow us at: @Pearl_Zhu
Published on April 19, 2017 22:56
The New Book “Digital IT - 100 Q&As” Chapter VIII Digital IT Performance Q&As

What are performance indicators for keeping IT and the business on the same page: To improve IT management effectiveness and efficiency, keep in mind of this management mantra “You can only manage what you measure.” CIOs need to keep a measure and periodicity at which the measure is reviewed against setting targets, ensure IT raises the bar on a continual basis to ensure the stakeholders get a real picture of how well the IT efforts are bearing desired results and keep IT and the business on the same page. An effective CIO’s job is to improve operations to reduce the burden on the company while trying to stay current with ever-changing information and technologies. That includes reducing costs, improving systems, streamlining processes and providing continually expanding services/solutions. The three keys to presenting IT values are financial returns, return timeline and risk. Just like any other investment, if you can present IT portfolio in a manner similar to an investment portfolio, it makes instant conceptual sense to board and C-level folks, make sure IT and business are always on the same page. IT metrics need to evolve to something that matters to the business audience, at the same time that “business sentiment” needs to get put into something more tangible.
What’s your focal area of IT metrics? IT leaders must keep in mind which KPIs best measure IT ability to deliver business value. The fact of the matter is that it is a lot easier to get metrics wrong than right, and the damage caused from getting them wrong usually exceeds the potential benefit from getting them right. How to measure IT effectiveness and business innovation effort directly impacts on how the business perceives IT as well as how fast IT can reach the high level of maturity. IT metric must get focused on the end-user. The end-user continues to be the key component of any bottom-line-driven business. This is where the metric for a CIO should rest, the end-user experience. The metrics which matters include some well-defined performance indicators for measuring customer satisfaction, or even constructive dissatisfaction, with the potential to optimize IT services or solutions. Overall speaking, IT metrics have to evolve from being a cost center to becoming a revenue generator. IT leaders must keep in mind which KPIs better measure IT capability to deliver business value. Track the right metrics and know what to do with them to see improvement.

IT plays a crucial role in optimizing business and improving organizational agility. Outcome-based measurement practices are important to focus on the performance of the entire organization. Keep in mind, financial indicators in many business situations only cover part of the story. Your measures should cover all areas that contribute to value creation including service quality, employee engagement, business competency, customer satisfaction and financial outcomes.Follow us at: @Pearl_Zhu
Published on April 19, 2017 22:51
April 18, 2017
The Monthly “Change Insight” Book Tuning: The Gains and Pains of Change Management Apr. 2017

How to Deal With Change Management Conundrum? Change is inevitable, and the speed of changes is increasing. Forward-looking organizations are also on the journey of digital transformation. Change can be a somewhat mechanical implementation of new or different ways to doing something while the transformation is more likely to be a sweeping approach to altering a culture, or parts of it, possibly even to parts of its ecosystem, to embrace such as change and help it become self-perpetuating. When the need for significant change is identified, it's generally naive to think it will succeed without transformation as well. However, the failure rate of change management is stubbornly high - around two-thirds of change efforts fail to meet expectations. For many, change management is still a "conundrum," or one-time business initiative, what are some causes to change failure or the stagnation of digital transformation, and how to build the business “changeability” and improve its responsiveness.
How to Overcome Three Pitfalls to Accelerate Digital Paradigm Shift? Digital means the increasing speed of changes, hyperconnectivity, and always-on business dynamic. Corporate change can be a simple modification of strategy, a business process improvement or a more radical digital transformation. Either at the individual or organizational level, in the static industrial era, change is often a one-time project; in the Digital Age, change has to become an ongoing capability. But what are barriers you need to overcome in order to manage change more effectively?

The Promises and Perils of Measuring Changes? Change is inevitable, and the speed of change is accelerating! For digital organizations today, Change Management is an ongoing capability, not just a one-time initiative. If you could only manage what you measure, can you make an assessment of your "Changeability," what are the promises and perils of change measurement, and how to improve the success rate of organizational Change Management?
Blogging is not about writing, but about thinking; it’s not just about WHAT to say, but about WHY to say, and HOW to say it. It reflects the color and shade of your thought patterns, and it indicates the peaks and curves of your thinking waves. Unlike pure entertainment, quality and professional content takes time for digesting, contemplation and engaging, and therefore, it takes the time to attract the "hungry minds" and the "deep souls." It’s the journey to amplify your voice, deepen your digital footprints, and match your way for human progression.Follow us at: @Pearl_Zhu
Published on April 18, 2017 23:11
What are the Barriers and Pitfalls to Build a High-Performance Board

What are the greatest barriers to building and maintaining a high-performing board: The real BoDs dilemma is that driving the business forward is extremely difficult. This means looking into an unknown future and attempting to define the landscape with its risks and opportunities. Thus, having "deep common sense" is very important for the high-performance board. The more complicated the strategy, the worst the rates of return. Lacking "common sense," can complicate the matter, get trapped by the complexity and lose focus on critical issues. Some call common sense "informed judgment," defining it to include providing wise counsel on the broad range of issues, being able to think strategically about complex issues. High-performing boards can sense emergent opportunities, and predict potential risks, to steer the business ship to the uncharted water or the blurred digital territories. They have to prioritize and put significant efforts into governance and risk management. The ‘Deep common sense” leads toward ”Effective Judgment," which has been defined as "Applies common sense, measured reasoning, knowledge, and experience to come to a conclusion."
What tends to be the biggest gaps and “blind spots” in achieving and maintaining the right board composition? The composition of Boards should reflect approximately the profile of the company' stakeholders: shareholders, employees, customers, and suppliers. It's the diversity both from a cognitive difference or functional perspective; as the diversity of thought more often does not come from the diverse physical identity; but from one’s thinking process, cognitive difference, learning habits, experience or skill sets., etc. The question now becomes who (can or should) drive such diversity in the Boardroom and how can you make that happen? The non-executive members should be selected for their ability and willingness to constructively challenge management and this is less likely to happen if they are related to, or are close pals of, the executive members. Therefore, the “deep diverse” BoDs can practice independent thinking, bring the differentiated point of views, ideas, and capabilities to the table, and fulfill the board duty more effectively.

The high performing Board shows the ability and openness to "question itself and its decisions/ discussions." It’s not talking about "second guessing" but the ability to validate and double back on decisions past and present discussions. This is basically getting the "oversight" closer to the forefront (if not within) of every board process. High-performing boards set goals for their own performance and regularly evaluate how they are performing as the board. They frequently brainstorm issues such as Board Composition, Structure, and Leadership - periodic risk assessment and well-tuned succession plans. The high-performance board makes the disproportional impact on running a high-performance business.
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Published on April 18, 2017 22:56
The New Book “Digital IT - 100 Q&As” Chapter VII IT-Business Gap Q&As

Why does silo happen and how to bridge it? Silos happen when the “WHY?” in business is not properly communicated from the senior level management down through business units. There are different definitions of the silo, by its nature, it’s about isolation. Silos are a product of organizational insecurity and internal competition for resources. Silos are based on a culture of self-protection and judgment. Many think silo happens when the business operates from a fear standpoint - fear of rejection, fear of invisibility, etc. Silos might make you feel insulated and powerful, but they form a very insecure base for the ego which is why it never really feels good to work in an environment like that. Great organizations are supposed to maximize the individual and the group. Silo have individual goals, but someone above the silo is supposed to glue all the individual puzzle pieces together, strategic goals need to be shared and common to ensure the whole is more optimal than the sum of pieces.
Business vs. IT - the battle rages on: Where do you stand? We perpetuate the “two solitude” of IT and the business when we use the very term “IT and the business,” and even more so when we use the term “vs,” or, of course, that old chestnut “aligning IT with the business.” Digital IT needs to be embedded in almost everything we do today and will become increasingly so. To harmonize business-IT relationship, all CXOs need to play as true business leaders, not as functional managers. That said, share the reward and shame together. If IT fails, it’s also the business failure; if the business is too stifle or slow, IT needs to take a fair share of responsibility. There are often too many tech talks and not enough business talk coupled with a lack of transparency on a financial basis. IT contribution to business value does not come from the technology itself, but from the change that IT both shapes and enables. CIOs who fail to explain this to organizational leadership or continue to extol the virtues of the technology itself merely perpetuate the problem and are putting their very survival at risk. To both business and IT: Make yourself and them a part of the solution, and make yourself and them as big WE-to stop arguing, and start partnering.

The more salient points of the “ongoing debate,” are to brainstorm the better way to do things and run a high mature digital organization. IT must prove itself to be a business partner. Organizational success comes when IT and business act from “IT vs. business” to “IT is business” - a true partnership.Follow us at: @Pearl_Zhu
Published on April 18, 2017 22:52
April 17, 2017
The Monthly Foresight: Building Ultra-Modern Digital Organizations

How to Build an Organization of Future? The future is already here, the digital is the age of customer-centricity; the age of empathy, the age of collaboration; the age of co-creating and the age of people, but either strategically or tactically, how to build such an organization of future?The Self-Renewal Digital Organization Digital transformation is rarely a straight line. It is all about interaction, incrementalism, and innovation. The journey is far more important than the destination. Digital organizations have to adapt to the continuous changes and are able to reconfigure the organizational structure and change their own behaviors for its adaptation to environment changes and business dynamic. They are like the living systems that can self-renew in thriving as high-performance businesses. Building an Ultramodern Board to Lead Digital Transformation? At today’s “VUCA” digital dynamic, organizations face both unprecedented opportunities to grow and hyper-competition or great risks to survive. Therefore, the corporate board as the top leadership team and governance body should become the advanced mastermind behind the digital transformation, to envision, inspire, influence, and innovate. Because the substances of leadership are all about vision, change, positive influence, and progression. The spirit comes from the top, an ultramodern board can amplify leadership influence, advance the digital management mentality and lead digital transformation seamlessly. Digital Flow: The Future of Knowledge Management? Digital means flow, data flow, information flow and knowledge flow; there is a shift from more traditional knowledge management approaches to techniques that involve enhancing the "flow" of knowledge within an organization to improve access and use. As the accepted model of knowledge management is too hierarchical, too centralized for the fast-moving, increasingly social or collaborative digital enterprise of today, so it makes sense that something like flow management is seen as a more fitting.

The “Future of CIO” Blog has reached 1.8 million page views with about #3600th blog posting in 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. The content richness is not for its own sake, but to convey the vision and share the wisdom. Blogging is not about writing, but about thinking and innovating the new ideas; it’s not just about WHAT to say, but about WHY to say, and HOW to say it. It reflects the color and shade of your thought patterns, and it indicates the peaks and curves of your thinking waves. Unlike pure entertainment, quality and professional content takes time for digesting, contemplation and engaging, and therefore, it takes the time to attract the "hungry minds" and the "deep souls." It’s the journey to amplify diverse voices and deepen digital footprints, and it's the way to harness your innovative spirit.
Follow us at: @Pearl_Zhu
Published on April 17, 2017 22:55
Non Linearity as the Characteristic of Digital Ecosystem

When systems are not linear, they are defined as nonlinear: And ultimately, organizations need to integrate their interdependencies and ensure the business as a whole is superior to the sum of pieces. Digital boundaries are not "sharp" lines; they are fluid to adapt to changes. The digital responsibilities overlap each other. Groups of people can and do often change from one "set" of responsibilities to another one, they moved from one territory into another often nonlinearly. Complexity has increased exponentially. Imagine the complexity that comes in due to these characteristics (less structure, fewer rules and regulations, diversity, ambiguity, unpredictability, lack of linearity and increased flux) working and impacting together. The problem with setting all of your boundaries in a linear way or black and white is that others don't and it can lead to limited learning and tunnel vision. It just turns out that, as human society gets more and more complex, the very natural attempt of humans to take the very powerful techniques of mathematics, such as techniques of linear mathematics or logics and apply it to the world very quickly come up against insurmountable difficulties.

Understanding nonlinearity as the very characteristic of the digital organization and business ecosystem could be at the tipping point for the digital paradigm shift. It means that the shift from a silo, linear classic management style to holistic to the nonlinear management discipline. It is transformational and profound (unparalleled in management history). Enterprises of the future are increasingly exhibiting such characteristics in various shades and intensity. Via practicing nonlinear thinking and holistic digital management, the future of digital organizations would be complex enough to act intelligently and nimble enough to adapt to the change promptly. Follow us at: @Pearl_Zhu
Published on April 17, 2017 22:51
The New Book “Digital IT - 100 Q&As” Chapter VI Digital IT Priority Q&As

How to manage and prioritize business requirement for IT initiatives? IT is business, every IT initiative needs to have a well-defined business requirement and well-supported business sponsors. The requirement management is a good starting point and one of the significant steps in managing IT initiative effectively to achieve its business value. IT initiative are business projects, and therefore, require participation by the entire business. As requirements are gathered, managed, and discussed with executives and teams, focus on those requirements whose improvement has the most benefit to the business, and keep the stakeholders focused on those requirements and relationships. So IT has to oversee the full set of the requirements to ensure the cohesiveness and to determine all the customers, users, and stakeholders, and obtain their involvement. The challenging is really about helping the sponsors, being able to ask the right questions and fitting together different strategy components. The business requirement management directly impacts on how successful such initiatives can not only be delivered on time or on a budget, but, more importantly, on value, and reach customers’ expectations.
What are the prioritization challenges for CIOs to run high performance IT? IT is the only function in an organization which has the touch point with all other functions and provides the necessary integration between them through efficient business processes and information systems. CIOs need to have information technology insight and foresight upon potential opportunities to retool business, reimagine growth possibilities and manage innovation effectively. IT plays a significant role in modern businesses to ensure the right people can get the right information at the right time to make the right decisions for either business problem-solving or customer delight. IT is often understaffed and overloaded, in order to gain respect from the business and build a good reputation as a trustful business partner for the long term, it is both the art and science to know when to say “Yes,” and when to say “No,” to your internal customers, IT needs to act as the trustful business partner to advise the business for figuring out the better solution, not just the customer asking for. The challenge for running high performance IT is to set the right priority, manage the limited budget and resource, to “Do more with innovation,” acquire and deploy appropriate technologies and services to achieve significant business goals and objectives.

There is no one size fits all formula to run a high-effective IT with accelerated speed. Because different IT organizations evolve digital with the different speed, and the enterprise as a whole is at the different stage of reaching business maturity. By setting the right priority and focusing resources and budget on the most critical areas, IT has the opportunity to not only be responsive but ultimately be strategic partner capable of helping lines of businesses thrive by proactively driving digital transformation.
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Published on April 17, 2017 22:46
April 16, 2017
The Monthly “IT Innovation” Book Tuning Apr. 2017

Running a High Innovative IT OrganizationCIO as Chief Innovation Officer? Nowadays information is the lifeblood, and the emergent technology is more often the business disruptor. And due to the changing nature of information & technology, IT is always in the changing environment creating unexpected situations and requiring quick and appropriate responses based on the conditions. As businesses embark on the “digital Era” of computing (Cloud, Big Data, Mobile, Social). how will IT have to change? What is the nature of the new IT leadership and what is the primary role of the CIO in harnessing the IT leadership?
An Innovative IT: From industry surveys, the majority of IT organizations are still being perceived as maintenance center, most employees outside of IT don’t call their IT teams very innovative, yet most believe technology is growing in importance, so IT leaders are facing unprecedented pressures to transform their IT into value center and innovation engines, but how to run an innovate IT, what’re the roadblocks one need to overcome, and which capabilities IT needs to cultivate?
IT Paradox: Should Creativity and Process go Hand in Hand? Today, organizations have to compete on a global scale and creativity is not only valuable from a products/service standpoint, but can also add efficiency or effectiveness to IT operations, improving business-IT communication, innovate business culture, and provide for outside-the-box problem-solving capability as well.
How does IT handle investigations of innovative business solutions? IT plays a critical role in building business competency. IT has itself transformed to creating a new competitive advantage via building new products, new services and delivering tailored business solutions. But many of today’s C-suites are unaware of what is technologically possible now or in the future. Digital is the age of options, it provides the opportunity to think the new way to do things, so it forces IT leaders, to get really creative on how they architect and implement change, and how IT handles investigation of innovative business solutions, to change the business’s perception, reinvent its tarnished reputation and improve the overall business maturity.

The “Future of CIO” Blog has reached 1.8 million page views with about 3600+ blog posting in 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. The content richness is not for its own sake, but to convey the vision and share the wisdom. Blogging is not about writing, but about thinking; it’s not just about WHAT to say, but about WHY to say, and HOW to say it. It reflects the color and shade of your thought patterns, and it indicates the peaks and curves of your thinking waves. Unlike pure entertainment, quality and professional content takes time for digesting, contemplation and engaging, and therefore, it takes the time to attract the "hungry minds" and the "deep souls." It’s the journey to amplify your voice, deepen your digital footprints, and match your way for human progression.
Follow us at: @Pearl_Zhu
Published on April 16, 2017 22:04
Digital Boards as “Leadership Masters”

Is the next generation of leaders stepping up? Who is choosing to lead in these uncertain times? The substance of leadership will never change, it is the vision to make the positive influence, to lead your organization and the world forward, not backward. Leadership is about a clear vision and a planned attitude of free mind, risk-taking, initiative, and innovation. On one hand, leadership becomes more open and omnipresent in digital era because the hierarchy of an organization is flatter due to the latest digital disruption. On the other hand, the leadership bar is raised because the leadership reputation can not be built through certain static credential or a few spotlight moments, the world has become more connected and transparent. Leadership is no longer just about a title or a position or some soft skills only, it is the set of hard capabilities to both connect the minds and touch the hearts. Great leaders today need extraordinary vision and differentiated capabilities, and more importantly how to convey and interpret their vision via creative communication, as well as the ability to lead the team for reaching the vision seamlessly. Hence, from the boardroom to the front line, every authentic leader needs to mind certain gaps and bridge the cognitive difference. First and foremost, remove the filter of your biases in your vision. By doing so, you will be able to perceive the business opportunities and risks more clearly.
Is the current leadership asking for help across the organization? At the industrial age, the ones in leadership positions assume they have all the answers because the business is considerably static and there’s scarcity of information, and many managers live in their own silo and advocate “we always do things this way.” However, digital means changes and abundant information, Besides soft quality, the hard core of leadership is knowledge, insight, and wisdom in order to make sound judgments and solid decisions. Further, at today’s information overloading business dynamic, leaders need to be able to prioritize their work and manage their time more effectively, laser focus on the critical things which really matter; sadly this is one area that is lacking in many areas which then results in a drop in leadership effectiveness. Digital leaders today need to become more inquisitive, creative and informative. Knowledge sharing and understanding organizational culture is a way to start, they should always eager to understand the other side of the coin, complement each other’s skills, and continue each other’s sentences for cultivating the culture of learning.

Contemporary digital boards set the critical tones from leadership grooming to talent/culture development. The board provides an “outside-in” view of the business and multi-dimensional lenses to oversee and advise business strategy execution and steer business toward the right direction effortlessly. The digital boards are also leadership masters who can both walk the talk and talk the walk seamlessly to lift digital leadership maturity. Follow us at: @Pearl_Zhu
Published on April 16, 2017 21:59