Technology has the potential to amplify human capabilities. Yet, it is not digital transformation but rather business transformation as a whole that will help propel organizations into being top performers in the digital economy. Technology is a trigger and a driving force to re-think processes and business models. Research shows that this is what will constitute real value formation in the VUCA world. This blogpost will present the case of why management innovation is at the core of strategic advantage in the age of disruption, and offer insights into the management skills that are necessary for the digital age.
Artificial Intelligence (AI) is disrupting the businesses and societies in a manner that is unseen before. By the end of the decade, there will likely be no field untouched by this technological advancement. Although people have been challenged by machines ever since the Industrial Revolution, this time it's different. AI is transforming many dimensions of our lives, revolutionizing how we think, learn, communicate, and work, threatening to take over activities with a substantial cognitive and creative load. The ability of the organizations, the workplace, and the workforce to transform themselves in response to these unprecedented changes will determine their survival success. The end result remains to be seen.
Now more than ever, companies are relying on digital services like social media and blogs to conduct business and engage in customer service. With networking services like LinkedIn and Twitter as microblogging, even employees and potential employees are expected to have some digital presence to help them simultaneously stand out as unique while also promoting the company. But more importantly, according to a 2018 report from the Pew Research Center, around 70% of Americans use social media on a regular basis (A. Smith & Anderson, 2018), a resource, which, if targeted correctly, can be a boon for companies to find new consumers while also strengthening current relationships. This blog post provides you with evidence-based practices from social science on how to manage paracrisis in the digital age.