Friday, March 3, 2017

The Monthly Book Tuning "Digitizing Boardroom": Setting the Digital Tone from the Top Mar. 2017

11:13 PM Pearl Zhu 2 comments

The digital BoDs need to be insightful, influential, strategic, and highly effective.

Modern corporate boards play significant roles in guiding businesses toward 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.

Setting Digital Tone from the Board

The “Bellwether Board”: How to Set Tones for Catalyzing Digital Transformation? The modern corporate board as a top leadership team plays a significant role in overseeing the business strategy and advising the organization management. The directorship in any organization must have the ability to guide, inspire and motivate a group of people toward accomplishing shared visions and goal. So, do you have the bellwether board that can set the digital tones to influence the business “mindset” and lead changes as well as digital transformation effortlessly

A Renewal Board: How to Synchronize the Board Evolution with the Digital Transformation: The contemporary corporate board as the top leadership team plays a significant role in advising and monitoring business management. The BoDs should also walk the talk to digitize the boardroom with strategic imperative because often the digital tone is set at the top and echo spirally to all levels of the organization. So, how to synchronize the board evolution with the digital transformation and re-energize BoDs to get digital ready?

An Exceptional Board Corporate Board is one of the most significant top leadership teams and governance bodies in modern businesses. Generally speaking, the corporate boards have a couple of main functions such as strategy oversight, governance practices (monitoring, risk management), advising and coaching (providing advice & support to executives), and resource provision (opening their networks etc.) But more specifically, how to build an exceptional board that can provide exceptional values to the business, and unleash the full potential of the organization?

"Digitizing Boardroom" Book Tuning: The Digital Board’s Journey from Good to Great: Due to the complexity, uncertainty, ambiguity and volatility of the digital age, the directorship in any organization must have the ability to inspire, guide, and motivate top management team toward accomplishing shared visions and goal. The level of the board accomplishment may vary but the essential competencies will remain the same, the digital BoDs need to be insightful, influential, strategic, and highly effective, and the board as a whole needs to be able to create the cohesive vision holistic view, and transform from compliance-centric to performance-driven. This also implies that Boards of the future will need to work much more closely and collaboratively to take the digital journey from good to great.

"Digitizing Boardroom" Book Tuning: A Progressive Board -Setting the Top Leadership Tone to Drive Digital Transformation : At today’s “VUCA” digital dynamic, organizations face both unprecedented opportunities to grow and hyper-competition or great risks to survive. Therefore, the corporate board plays a more significant role in overseeing business strategy, setting principles and policies, and making the judgment on and assurance of corporate action within a framework of practical knowledge. The digital fitting BoD is about mental toughness, progressive perspective, and in-depth business understanding in order to set the right digital leadership tone and lead change effortlessly. Leadership is all about future and progression, so how to build a progressive board to catalyze digital transformation??