Wednesday, November 7, 2018

The Monthly “Digitizing Boardroom” Book Tuning: The World Class Boardroom Nov. 2018

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.

               The World Class Boardroom

The World-Class Board: How to Create Top Leadership Niche Compared to the business world decades ago, information is growing exponentially, the speed of change is increasing significantly, and digital disruptions are happening frequently. The matter of fact is that the changes sweeping the world are hugely disruptive, and from top-down, there is nowhere to hide. Digital boards are the guiding roles, like the steering wheel of their company, leading the business toward the uncharted water and blurred territories. It is a “paradigm shift” to develop world-class leadership and drive the organization up to the next level of business maturity.

Reinforce Digitalization in the Boardroom The new paradigm arises out of new knowledge, the emergent trends can shape the behavior of future enterprises and some have been happening already. BoDs as top leadership roles need to envision, proactively influence changes, reinforce digitalization and lead the organization towards its future confidently.

Three Aspects of the Board Refreshment 
The digital paradigm is an emerging ecosystem of principles, policies, and practices that set limits or boundaries, also provide the guidance for problem-solving or creating something new under the digital rules. The high-performance board makes the disproportional impact on running a high-performance business through their invaluable oversight of the strategy and relentlessly inspiring changes and innovation. To improve directorship effectiveness, 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.

The Hybrid Digital Boardroom With the increasing pace of changes, overwhelming growth of information, and continuous digital disruptions, businesses today need to ride the change waves and catch the rising digital tide timely. Digital organizations today have the hybrid reality with both physical structures and virtual presence, the old way and the new way of doing things. They need to figure out all sorts of hybrid solutions as well. From a management perspective, digital hybridity means how to strike the right balance of change and stability; innovation and standardization; transaction and transformation. From the governance perspective, the digital board needs to adopt a hybrid model and take the holistic discipline with mixed leadership styles for steering the business in the right direction.

The Multiple Characteristics of Global Leaders There are many multi-national companies around, but very few global companies; there are many international managers, but very few genuine global leaders today. According to one survey of senior executives from a prestigious industry bellwether, the majority of business executives believe their organizations need to develop global leadership capabilities, but less than ten percent think they are currently doing so very effectively

The “Future of CIO” Blog has reached 2 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.

"Digitizing Boardroom" Book Introduction, Slideshare Presentation


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