Saturday, July 7, 2018

The Monthly “Digitizing Boardroom” Book Tuning: The Game-Changing Board July 2018

 Every board is unique, with its own strength and focus.

Modern corporate boards play significant roles in guiding businesses in 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 director’s personas.


The Game-Changing Board

The Game-Changing Board With the increasing speed of changes and unprecedented business velocity and uncertainty, the modern corporate board becomes one of the most important leadership pillars and plays an important role to inspire, improve, interact, interpret, exemplify, influence, innovate, and orchestrate change and digitalization. There are quite a lot of things digital boards need to shape up, and there are so many issues the boards have to deal with. How to break down conventional wisdom and routine activities, refresh processes and practices, for building a game-changing digital board?

A Distinctive Board? The purpose of the governing body, or board of directors, is to direct the organization in the right direction and monitor its performance. Corporate governance is to challenge the management and make sure that management is doing its job properly. In a world of well-defined problems, directors are required to exercise leadership influence over volatility, manage uncertainty, simplify complexity, resolve ambiguity all the time. Every board is unique, with its own strength and focus. A distinctive board can stand out as the mastermind behind digitalization and lead change 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?

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.

The “Change Agent” Board of Directors: Change is the only constant, and the speed of change is increasing rapidly. The board directors should become interactive change agents that represent the organization, stockholders, and senior management, make a significant influence on setting digital tones and shaping the digital mindset of the organization, both walk the talk and talk the walk and set the digital tone for others to follow.

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"Digitizing Boardroom" Book Introduction, Slideshare Presentation


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