How to Set Good Policies?
The Policies, Performances, and Pitfalls in Digital Boardroom The corporate board as the advising role is responsible to steer the organization in the right direction and provide an “outside-in” view of the business via multidimensional lenses. Digital doesn’t mean just tear down all the old things in the previous era. In reality, digital means to strike the right balance between the new way and the “old way,” and strike the delicate balance. Digital organizations are complex systems that are dynamic, self-evolving, self-adaptable, and self-perpetuating. Thus, the directorship in any organization must be able to adapt to changes and build abilities to advise, inspire and motivate. The Board of Directors is the top leadership team that can make the great influence on shaping digital mindsets, setting right policies, advocating changes, and steering the business to digital new normal.
What Do Positive Policies Look Like? Generally speaking, the policy is a set of principles for decision making or guidelines to drive behaviors. A policy is implemented via a protocol, process or practice, etc. When having positive policies, what do they look like, and how do they affect organizational performance and maturity?
The “Talk the Walk” in the Boardroom: How to Communicate Well and Make Good Policies The purpose of the board of directors is to direct the organization in the right direction and monitor its performance. The modern digital board has many responsibilities, such as leadership advising, strategy oversight, governance practices, performance monitor, and resource provision. The board directors as senior directorial roles have both privilege and responsibility to “talk the walk,” communicate thoroughly via multiple channels, abstract the insight from the variety of experiences, multidisciplinary knowledge and all sorts of feedback, set digital principles and make good policies to guide digital transformation smoothly.
The BoDs as the Digital Rule-Maker The purpose of the board of directors is to direct the organization in the right direction. The board directors as senior directorial roles have both privilege and responsibility to “talk the walk,” make the good policies or set digital principles to drive changes and lead digital paradigm shift. The board of directors is the digital rule-maker for getting the business management digital ready.
The “Digitizing Boardroom - The Multidimensional Aspects of Digital Ready Boards ” Book Chapter 8 A Culture Savvy Board Introduction Organizations large or small are on the journey of digital transformation, strategy making is important, strategy implementation is challenging, and one of the most critical business success factors is organizational culture, which is invisible, but powerful to fail a good strategy. In order to drive a successful digital transformation, how can BoDs set the digital tones in building “Digital-Ready” cultures, and how can they fine-tune policies for building high-innovative and high engaging digital workforce, and encouraging digital professionals to bring wisdom to the workplace?
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