Tuesday, December 26, 2017

The “Digital Master” Book Series- The Board Directorship Core

Modern corporate boards have to laser focus on the most critical perspectives to steering the business toward the right decision.

"Digital Master” is the series of guidebooks (21+ books) to perceive the multi-faceted impact digital is making to the businesses and society, help forward-thinking organizations navigate through the journey in a systematic way. Digital Master refers to those high-performing, highly innovative and high-mature (less than 15%) digital organizations; they have both clear digital vision and well-crafted digital strategy; they are courageous to be in the vanguard of digital transformation with a quantum lead. At the individual level, Digital Masters are those cross-generational digital professionals who are equipped with the advanced digital minds and build a unique set of digital capabilities.

The corporate board directorship: 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.

Digitizing boardroom: 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 the 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.

Digital Boardroom: The board of directors as the de facto guardian of modern organizations has an important role to play in steering the organization toward the uncharted water and blurring business territories because they oversee strategy management and set the policy for driving changes.
The purpose of the book “Digital Boardroom: 100 Q&As “is to share 100 insightful questions for rejuvenating the boardroom to get digital ready. It is important for boards to make invaluable inquiries and take proactive approaches for leading digital transformation seamlessly.
  • Question and brainstorm on much-needed oversight and additional rigor to the boardroom composition and succession planning process.
  • Practice critical thinking and independent thinking for identifying blind spots, criticizing the strategy constructively and advising management insightfully.
  • Practice “out-of-the-box” thinking to ask open-ended questions about IT and how to build an IT-friendly and technology-savvy digital board.
  • Practice strategic thinking and systems thinking, ask insightful questions, to become the mastermind of digital transformation.
  • Make profound inquiries about the future of leadership, constantly question the status quo and set the digital leadership tone to get digital ready.

100 Digital Rules: Digital rules are not some outdated cliches or overly rigid policies to stifle innovation. Generally speaking, a business rule is a statement to set the policy or procedure. Enterprise policies provide a basis for decision-making throughout an enterprise and inform how the organization sets about fulfilling its mission. A business rule is simply a rule that is under business jurisdiction. It means that the business can enact, revise, and discontinue their business rules as they see fit.

The purpose of “100 Digital Rules: Setting Guidelines to Explore Digital New Normal “ is to establish digital principles and update business policies that can be applied holistically and guide the digital transformation systematically. Digital rules are based on a set of fundamental beliefs behind the methodologies and they help to shape mindsets behind behaviors. Digital rules encourage mindfulness, authenticity, creativity, inclusiveness, and discourage static thinking, silo, and bureaucracy, help to accelerate collective human progress.

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 toward the right decision. 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.

The “Digital Master” Book Series Summary
The "Digital Master" Book Innovation Core


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