The purpose of the board of directors is to direct the organization in the right direction and monitor its 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 the digital board as role maker.
The Digital Board as Rule-Maker
The BoDs as the Digital Rule-Maker The purpose of the board of directors is to direct the organization in the right direction. The board directors as senior directorial roles have both privilege and responsibility to “talk the walk,” make the good policies or set digital principles to drive changes and lead digital paradigm shift. The board of directors is the digital rule-maker for getting the business management digital ready.
Setting Digital Rules to Guide Digital Transformation Digital transformation is rarely a straight line. It is all about interaction, incrementalism, and innovation. The journey is far more important than the destination. Digital organizations have to adapt to the continuous changes and are able to follow digital principles, revise business rules, reconfigure organizational structures and change their own behaviors for its adaptation to environmental changes and business dynamic, to get digital ready.
The “Talk the Walk” in the Boardroom: How to Communicate Well and Make Good Policies? The purpose of the board of directors is to direct the organization in the right direction and monitor its performance. The modern digital board has many responsibilities, such as leadership advising, strategy oversight, governance practices, performance monitor, and resource provision. The board directors as senior directorial roles have both privilege and responsibility to “talk the walk,” communicate thoroughly via multiple channels, abstract the insight from the variety of experiences, multidisciplinary knowledge and all sorts of feedback, set digital principles and make good policies to guide digital transformation smoothly.
What Positive Policies Look Like? Generally speaking, the policy is a set of principles for decision making or guidelines to drive behaviors. The policy is implemented via a protocol, process or practice, etc. When having positive policies, what do they look like, and how do they affect organizational performance and maturity?
The Monthly Book Tuning “100 Digital Rules”: Enforcing Digital Principles to Accelerate Changes Jan, 2018? Change is inevitable, organizational change has become a common practice within an organization, but too often changes are made as a reaction to outer impulses, crisis, and demands. This is the bureaucracy’s way of meeting the challenges. A digital transformation is achieved via dynamic Strategy-Execution-Change lifecycle management, though it is not all linear steps, but an iterative, ongoing and upgoing change continuum. How to set principles and develop next practices to lead change and digital transformation effortlessly?
The "Digital Boardroom: 100 Q&As" Chapter V Introduction: The Digital Board's Leadership Inquiries
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