Tuesday, November 20, 2018

The Monthly “Digital Boardroom: 100 Q&As” Book Tuning: IT Oversight Nov. 2018

The contemporary boards play the directory role in driving changes, overseeing business strategy, and monitoring business performance. 

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 are the multiple perspectives of digitizing boardroom.


  IT Oversight

The Digital Board’s IT Inquiries The digital world is so information-intensive and technology driven. Organizations rely more and more on information & technology. IT becomes so critical to the success of the organization nowadays. Many times, it is a determining success factor for your business strategy to achieve fast growth and long-term sustainability. Further, IT is not a function that can be handled only inside the IT department or by IT managers only, it takes brainstorming and empowerment from the boardroom to the collective effort and collaboration cross-functionally to run a highly effective and high-performance digital IT and improve overall IT manageability and maturity.

The Digital Board’s IT Inquiries (II) The contemporary boards play the directory role in driving changes, overseeing business strategy, and monitoring business performance. They are also the “mastermind” behind the digital transformation. The matter of fact is that the change is inevitable and the speed of change is increasing due to the exponential growth of information and robust digital technologies. Given how applying IT is becoming so intrinsically important to so many different enterprises across industrial sectors, digital BoDs need to become information friendly and technology-savvy. While directors bring many competencies to the table, most do not have access to information about technology-driven innovation and its potential related to the businesses they oversee. Here is a set of digital board's insightful inquiries about information & technology.

Three Insight of IT-Savvy Board? The corporate board is moving up their directorship maturity from compliance focus to performance-driven, from “keeping things in order,” to “advocating change and innovation. “ Nowadays, the contemporary digital boards play the directorial role in driving changes, overseeing business strategy, and monitoring business performance. They are also the “mastermind” behind the digital transformation with information savvy and technology friendly attitude.

IT Savvy Board’s Five Oversight The corporate board in a high-level leadership position plays a crucial role in strategy oversight, business advising, and monitoring, as well as setting key digital tones in organizational culture styles, talent management trend, and leadership quintessential. Nowadays, information is overwhelming and becomes one of the most invaluable assets of the business, technology is often the disruptive forces behind digital innovations. Forward-looking companies across the industries declare they are in the information management business. Therefore, Digital Board today need to become IT friendly and technology savvy, with a comprehensive IT oversight on how to run a highly intelligent and high mature digital business?

Who is exactly Responsible for Overseeing the level of IT Risk in an Organization? At the age of digitalization, opportunities and risks are co-existing; therefore, the optimal governance and risk management structure is more critical than ever, who is exactly responsible for overseeing the level of IT risk in an organization though?

The “Future of CIO” Blog has reached 2.8 million page views with 5100+ blog posting in 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. The content richness is not for its own sake, but to convey the vision and share the wisdom. Blogging is not about writing, but about thinking; it’s not just about WHAT to say, but about WHY to say, and HOW to say it. It reflects the color and shade of your thought patterns, and it indicates the peaks and curves of your thinking waves. Unlike pure entertainment, quality and professional content takes time for digesting, contemplation and engaging, and therefore, it takes time to attract the "hungry minds" and the "deep souls." It’s the journey to amplify your voice, deepen your digital footprints, and match your way for human progression.

The "Digital Boardroom: 100 Q&As" Chapter V Introduction: The Digital Board's Leadership Inquiries


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