Great corporate boards can set a clear choice among future scenarios that advocate innovation and renew creative energy. 
Insightful and influential BoDs need to shape a holistic view to drive transformative changes, harness innovation and accelerate business performance.
Reinvent organizations via transformative changes: Insightful BoD leaders should paint a clear and compelling picture of the future state that the organization is striving to achieve. This vision should be aligned with the common interests and aspirations of the stakeholders. They are able to inspire and motivate business managers to embrace the change, even in the face of uncertainty or resistance; and tap into the emotions and intrinsic motivations of stakeholders to generate enthusiasm and commitment.
Driving significant organizational change requires resilience and persistence in the face of obstacles and resistance. Excellent communication skills are essential for change leaders to convey the vision, rationale, and benefits of the proposed changes. This involves demonstrating integrity, transparency, and a genuine commitment to the common goals; fostering collaboration and ownership:
Reimagine the future of business via harnessing innovation: The digital era upon us is the age of innovation, and innovation is an important business capability to decide the business's long-term prosperity. Innovative BoDs ask open questions to collect relevant information, continue questioning on important issues where the management's answers do not make sense, show constructive skepticism for brainstorming changes and advocating innovation, look for a new perspective or alternative solutions to tough problems. They empower and engage stakeholders to contribute their ideas and take an active role in prioritizing and implementing ideas.
It takes vision and courage to be strong innovation leaders as they face a complex reality today. The ability of corporate boards to oversee innovation strategy and advise management as an insightful guardian is to ensure the best fit between current state and future state of the business; innovation and stability; the short term profitability and long-term sustainability. They should be able to oversee innovation strategy as necessary to ensure its continued relevance and effectiveness.
Reshape organizational value and culture: Inclusive BoDs co-develop effective strategies for engaging diverse stakeholders in the process of cultural innovation, foster inclusive dialogues; create safe spaces for open and respectful dialogues where various stakeholders, including policymakers, subject matter experts, change agents, can share their perspectives and concerns.
Engaging diverse stakeholders is crucial for the successful reform of traditional cultural practices. It's also important to forge strategic alliances and partnerships that can provide funding, technical expertise, and global visibility to the reform efforts. Great BoD leaders facilitate cross-cultural exchanges and collaborative problem-solving to enhance mutual understanding and discover common ground; equip change agents with the necessary capabilities, skills, and knowledge to innovate cultures, and ensure diverse communities are given a prominent voice and platform to express their needs.
Digital organizations are always on, interdependent, and hyper-connected; good directorship is about creating the greatest value to motivate top leadership and people development. Great corporate boards can set a clear choice among future scenarios that advocate innovation and renew creative energy. Corporate Boards must continually evaluate the management team to determine if the right strategy and culture are thriving in the organization and to proactively drive the future growth of the business.
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