Friday, August 11, 2017

The New Book “Digital Boardroom: 100 Q&As” Introduction

Leadership is all about change and directorship is about steering the business toward the right direction.

The contemporary corporate board as the directorial role plays a significant role in overseeing strategy, advising corporate executives and monitoring business performance. The board directors should also walk the talk to digitize the boardroom with strategic imperatives because often the digital tone is set at the top and echo spirally to all levels of the organization. The differentiator between a digital leader and a laggard is not about the title and authority, more about the mindset and attitude. Digital attitudes are about being experimental and persistent. Hence, digital board directors today need to show intellectual curiosity, creativity, learning agility, and risk tolerance, etc. A high mature digital board is like a lighting tower to navigating the business toward the right direction and taking all these significant responsibilities more “thoughtfully.”

Chapter 1 The Digital Board’s Composition Inquiries: The boardroom composition will directly impact on how they lead and which tone they will set for the entire organization to follow. While there are many components of leadership, one of the most important ones is the ability to adapt, model and influence change.

Chapter 2 The Digital Board’s Digital Inquiries: Digital is about the accelerating speed of changes and the abundance of information. Digital boards as the strategic advising role are the “mastermind” behind digital transformation to oversee strategies, drive innovation, catalyze changes, and monitor performance.
Chapter 3 The Digital Board’s Strategy Inquiries: Digital boards help the business management identify and close strategy blind spots, pinpoint decision fatigue, explore the boardroom fundamental and strategic oversight responsibility, and monitor its implementation and performance results, amend wherever necessary to match changing marketplace conditions.  

Chapter 4 The Digital Board’s IT Inquiries: Given how applying IT is becoming so intrinsically important to so many different enterprises across industrial sectors, digital board directors should ask more insightful questions about IT because leading companies across industrial sectors claim they are in the information management business.

Chapter 5 The Digital Board’s Leadership Inquiries: Contemporary digital boards should set the critical tone from leadership grooming to talent development to culture cultivating, to ensure the right people are put in the right positions for leading digital transformation and improving the digital leadership effectiveness and maturity.

Leadership is all about change and directorship is about steering the business toward the right direction. Digital transformation is in every forward-thinking company’s top agenda; innovation is the light every organization is pursuing, and digitization becomes the new normal of business expansion. All of these bring the significant opportunities and responsibilities for the new breed of digital BoDs. Because the board in a high-level directorship position plays a crucial role in setting key digital tones for leadership development and talent management. High-performing boards also set goals for their own performance and regularly evaluate how they are performing as the board. An effective board enables and directs management towards good outcomes, and ensure the business is on the right track to reach the well-defined business vision.


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