Monday, August 14, 2017

The New Book “Digital Boardroom: 100 Q&As” Chapter 3 Introduction: The Digital Board’s Digital Vision/Strategy Inquiries

10:58 PM  Pearl Zhu  No comments

The most important judiciary duty of any corporate board is the oversight of a holistic strategy management of the company.

Digital Boards help the business oversee business strategy via identifying and closing decision blind spots, pinpointing decision fatigue, and monitoring business performance. The most important judiciary duty of any corporate board is the oversight of a holistic strategy management of the company through focused leadership, monitor its implementation, and performance results, amend wherever necessary to match changing marketplace conditions, and by doing so to ensure the long-term prosperity of the business. However, many board directors are undereducated about their role while the business change is accelerated across global scope and knowledge life cycle is shortened. Here is a set of digital board’s digital strategy inquiries.
  • What is the ultimate purpose of the Board of Directors?
  • How effectively do the boards engage with management on the company’s strategy?
  • How to solve the paradox of management vs. Governance in the boardroom?
  • Does the board articulate its role in supporting a long-term vision for the business effectively?
  • How often is the vision thing discussed at board meetings?
  • What could make your vision cloudy and how to clarify it?
  • Can digital boards help to pinpoint the blind spots of the strategy?
  • Can digital boards help to mind the cognitive gaps for expanding digital lens and setting the top leadership tone?
  • Are your leading using data, rather than gut feeling alone, to make decisions?
  • Are your leaders disposed to actions over analysis and information gathering?
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Read more Q&As in Chapter 3 of “Digital Board: 100 Q&As.”

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