When we jump into the digital future of “VUCA” new normal –Volatility, Uncertainty, Complexity, and Ambiguity, the digital leadership today must be able to steer the organization in the right direction.
The Vision Inquiries in the Boardroom
The Further-Looking Board The digital enterprise consists of an amalgam of socio-systems, techno-systems, bio-systems, and Econo-systems. BoDs as the top business advisor role need to have sufficient knowledge to understand the business ecosystem and sense that the digital transformation is multifaceted; they should have the business vision to predict the emergent trend of business, technology or industry. Therefore, to make the role highly effective, digital BoDs not only need to be forward-thinking, they have to be further looking, thinking longer term, guide the executive team toward the right direction and play the management advising role effortlessly.
Digital Boards with Vision Inquiries The contemporary corporate board as the top leadership team plays a directorial role in envisioning the future of the business and overseeing corporate strategy. Because leadership is about future and change. Vision is not the “Nice to have,” but “Must have” quality for top leaders in order to direct the organization toward the uncharted water or blurred territories in today’s “VUCA” digital dynamic. Vision is basically a qualitative statement defining the "perception" of the organization, and the effective board provides the guidance on what core to preserve and what future to stimulate progress toward. Here are a few vision inquiries of digital boards.
A Visionary Board The corporate board plays a significant leadership role in modern businesses, with multidimensional responsibilities, such as strategy oversight, policy setting, corporate governance, and monitoring - accountability of the environment - regulatory, shareholder, etc. Not only do today’s BoDs need to have sufficient knowledge to understand the business ecosystem, but also they should have the business vision to predict the emergent trend of business, technology or industry, so they can guide the executive team toward the right direction and play the management advising role effortlessly.
The “Futuristic” Digital Board? When we jump into the digital future of “VUCA” new normal –Volatility, Uncertainty, Complexity, and Ambiguity, the digital leadership today must be able to steer the organization in the right direction. Corporate boards today mostly composed of seasoned business executives are no longer just the controller to ensure business compliance, they should have a clear business vision to predict emerging trends in the business, technology or industry. So, they can guide the executive team in the right direction and play the management advising role effortlessly. To discuss further: What is the profile of the “futuristic” digital boards, what’s the business insight those boards can offer and what are the great benefits they can provide for the business’s long-term prosperity?
The “Vision” Thing in the Digital Boardroom Vision is a future state of being. The vision needs to be a good metaphor - 'the guiding light' so that people can see themselves and their work reflected in it. BoDs and C-level roles are supposed to be the guiding force in the enterprise, possess sufficient knowledge to understand the business ecosystem, develop the business vision to predict the emergent trends of business, technology or industry, so they can guide the executive team to the right direction and lead the organization towards its future confidently.
The "Digital Boardroom: 100 Q&As" Chapter V Introduction: The Digital Board's Leadership Inquiries
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