The “Essence” Quotes of “Digital Master” May 2020

"Digital Master is a series of guidebooks (28 + books) to perceive the multi-faceted impact digital is making to the businesses and society, help forward-thinking organizations navigate through the journey in a systematic way, and avoid “rogue digital.” It perceives the emergent trends of digital leadership, provides advice on how to run a digital organization to unleash its full potential and improve agility, maturity, and provide insight about Change Management. It also instructs the digital workforce on how to shape a game-changing digital mindset and build the right set of digital capabilities to compete for the future. Here is a set of “Essence” quotes in “Digital Master.

1 The essence of a business model is that it defines the manner by which the business enterprise delivers value to customers, entices customers to pay for value, and converts those payments to profit.

2 The essence of innovation is made of trying new combinations of known things. It's the essence of progress, innovation management is about how to manage people, assets, time, resources, and risks to achieve high-performance business goals

3 The essence of critical thinking is careful deliberation, examination, and testing of assumptions, and consideration of opposing views.

4 The strategy is the essence of winning. And a positive culture makes such winning more purposeful and meaningful.

5 The strategy is "the ESSENCE of the organization and how it thrives." This is fundamentally cultural and is enduring and changes slowly.

6 Innovation is the essence of evolution. You have to manage it in the right way with the right elements, strategically and systematically to achieve consistent business results.

7 Businesses may explore the concept of a business model by addressing several core questions that the majority of business model researchers deal with, the answers to these questions form the essence of business model experimentation.

8 Perhaps as dashboards presentation formats move from being mere generic BI tools with Big Data/dashboard functionality to vertical market Big Data solutions, they will start to capture "the essence of the business” in the graphical interactive interface to allow data blending and have fast in-memory data processing.

9 High potential needs to be grown into high competency which underpins strategy implementation. In essence, performance keeps the business moving, and the potential makes the business grow and mature.
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