Corporate BoDs should have sufficient knowledge and fresh insight to understand the digital business ecosystem, capture collective insight to present today and foresee the future.
It's also crucial to outline general strategic priorities that boards typically focus on, which could apply to organizations like vista points:
Mission Alignment: Ensuring that all organizational activities align with the core mission and values of the organization. This includes defining and refining the mission statement as needed.
Financial Sustainability: Developing strategies to ensure long-term financial health, including budgeting, fundraising, and resource allocation. This often involves overseeing financial practices and ensuring compliance with regulations.
Program Development: Identifying and prioritizing programs and services that meet the needs of the community or target population. This may include expanding existing services or introducing new initiatives.
Stakeholder Engagement: Building and maintaining relationships with key stakeholders, including beneficiaries, community members, donors, and partners. This often involves communication strategies and outreach efforts.
Governance and Compliance: Establishing policies and procedures to ensure effective governance and compliance with legal and ethical standards. This includes regular evaluations of board performance and adherence to best practices.
Performance Monitoring: Implementing systems to monitor and evaluate the effectiveness of programs and initiatives. This involves setting measurable goals and assessing progress towards achieving them.
Capacity Building: Focusing on the development of staff and volunteers to enhance organizational capacity. This may include training, professional development, and recruitment strategies.
Community Impact: Measuring and enhancing the organization's impact on the community it serves. This includes assessing outcomes and making adjustments based on feedback and evaluation.
Both businesses and the world become over-complex, hyper-connected, extremely uncertain and ambiguous than ever. Corporate BoDs should have sufficient knowledge and fresh insight to understand the digital business ecosystem, capture collective insight to present today and foresee the future.
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