Sunday, August 20, 2017

The New Book “Digital Boardroom: 100 Q&As” Quote Collection III

11:20 PM  Pearl Zhu  No comments

The contemporary corporate board as the top leadership team plays a directorial role in envisioning the future of the business and overseeing the corporate strategy.


The purpose of the book “Digital Boardroom: 100 Q&As “is to share 100 insightful questions for rejuvenating the boardroom to get digital ready. It is important for boards to make invaluable inquiries and take proactive approaches for leading digital transformation seamlessly. Here is a set of quotes to convey the vision on how to build the digital ready boardroom.


43 Good boards advise and get all those fundamentals right.
44 Corporate governance is to make sure that management is doing its job properly.
45 The board’s role is to pull management out of the trees to see the forest.
46 The paradox is “a situation, person, or thing that combines contradictory features or qualities.”
47 The contemporary corporate board as the top leadership team plays a directorial role in envisioning the future of the business and overseeing the corporate strategy.
48 The corporate board should set the tone to “baking in” the vision into the DNA (culture) and drive change proactively.
49 The true vision is a reflective process of an organization really understanding itself and its purpose to perceive the future of business.
50 Strategy blind spots are often created by the lack of future-driven mindset or a systematic approach to form and implement a strategy.
51 Diversification is a component and in some cases a very good initiation of value creation.
52 Information and decision-making are intimately connected and interdependent, this is particularly true in the digital era.
53 Information as input to the decision-making does not absolutely determine the decision but allows the decision-maker to practice analytical thinking and exercise their judgment.
54 Board directors need to work closely and collaboratively with the management to identify opportunities and risks and take the digital journey from good to great.
55 The board updates policies for adapting to the digital new normal for both enforcing the effectiveness of strategy management and harnessing business governance maturity.
56 The high performing board shows the ability and openness to “question itself, senior management team, and its decision/discussions.”
57 The board directors see the development of strategy as a collective effort between themselves and management, rather than a question of “us versus them.”

58 People are always one of the weakest links in strategy execution.


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