Wednesday, August 17, 2016

“Digitizing Boardroom - The multifaceted Aspects of Digital-Ready Boards” Book Preview

A highly effective and wise Board exhibits a creative tension, that hard to define, but you know it when you see it.

Modern corporate boards play significant roles in guiding businesses in the right direction and achieve expected business results. Due to the “VUCA” characteristics -Complexity, Uncertainty, Ambiguity, and Velocity of the Digital Era, the directorship in any organization must have the agility to adapt to changes and build abilities to advise, inspire and motivate a group of people toward accomplishing shared visions and goals. If a Board is to fulfill its fiduciary responsibilities to its stakeholders, it needs to take a professional and systematic approach for assessing strategy, prioritizing agendas, advising changes, overseeing risks and keeping track of business performance via efficient tools. BoDs perhaps do not always participate in developing business strategy, but the Board needs to determine suitability, adequacy, viability, and sustainability of the organization in advance.

The main purpose of book “Digitizing Boardrooms -The Multifaceted Aspects of Digital Ready Board” is to
  • Envision the future of directorship with twenty-three digital boardroom themes.
  • Oversee business strategies with digital fluidity, digital mindset, and contextual intelligence.
  • Make policies and effective decisions on transforming boards from conformance to performance driven.
  • Rejuvenate boardrooms via participating in both innovation management and management innovation.
  • Highlight the importance of building IT friendly and technology-savvy digital boards.
  • Develop the best and next governance practices towards achieving corporate excellence.
  • Advocate digital fitness and innovate people management to become “Talent Master.”
  • Set digital culture tones, and fine-tune processes to make boards highly effective and highly mature.

The modern digital board has many responsibilities, also gets a lot of distractions. It has to laser focus on the most critical perspectives to steering the business in the right direction. BoDs are leadership roles, they should not only oversee business strategies and monitor business performance but also set the tone for the culture, become talent masters, they should walk the talk to become more learning agile, information savvy and innovative to adapt to the digital dynamic. A highly effective and wise Board exhibits a creative tension, that hard to define, but you know it when you see it.


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