Wednesday, May 2, 2018

The Monthly “Digitizing Boardroom” Book Tuning: The Oversight of Digitalization May 2018

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. Here is a set of Digital Board profiles.

The Oversight of Digitalization  

The Digital Board’s Digital Inquiries Digital era is hyperconnected, volatile, complex, uncertain and ambiguous. It is the digital paradigm shift. Adopting a different paradigm is like changing the glasses and new possibilities might emerge. The corporate board plays an important role in overseeing digital strategy, advising executive teams and monitoring performance. To run a high performance and high mature digital organization, it is important to bridge the multitude of leadership and management gaps and creating the momentum for speeding up changes. Here is a set of the digital board’s digital inquiries.

The BOD's Three Oversights of Digital Transformation? The beauty of the digital landscape is the fresh insight of business. The digital paradigm is an emerging ecosystem of principles, policies, and practices that set limits or boundaries, also offer the guidance for problem-solving or creating something new under the digital rules, keep information flow and achieve a state of dynamic balance. An effective board enables and directs management towards good outcomes, and ensure the business is on the right track to reach well-defined business goals. What are important oversights the board can offer about digital transformation, and what are the possible governance methods, techniques, structures, etc, help to improve the boardroom effectiveness?

Board Directors as the Digital Provocateur Digital transformation represents a break from the past, with a high level of impact and complexity. In order to lead today’s hyper-connected digital organizations with the hyper-diverse workforce, board directors should become the digital provocateur to drive changes and set the leadership tone for digital transformation; and the board composition should be synchronized with the digital perspective of the business, to advance its leadership maturity.

Building an Ultramodern Board to Lead 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 as the top leadership team and governance body should become the advanced mastermind behind the digital transformation, to envision, inspire, influence, and innovate. Because the substances of leadership are all about vision, change, positive influence, and progression. The spirit comes from the top, an ultra-modern board can amplify leadership influence, advance the digital management mentality and lead digital transformation seamlessly.

A Digital Savvy Board Organizations today have to live up to the business dynamic which is uncertain, ambiguous, complex and flux. The board in a high-level leadership position plays a crucial role in business advising and monitoring, as well as setting key digital tones in organizational culture style and leadership quintessential. With more and more organizations are on the journey of digital transformation, what are important perspectives to build a digital savvy board?

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"Digitizing Boardroom" Book Introduction, Slideshare Presentation