Digital boards are like the steering wheel of the organization, leading the business to step into the deep "VUCA" digital new normal with uncharted water and blurred territories, in order to reach the final destination.
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 Board Director’s Digital Profiles
The Corporate Board Director’s Digital Profiles With the fast speed of changes, the exponential growth of information, blurred business borders and hyper diversified digital workforce, the composition of Boards should reflect approximately the profile of the company' stakeholders, shareholders, employees, customers, and suppliers, etc. To improve leadership effectiveness and governance maturity, BoDs need to do some check up such as, which challenges do you face, when and how do you tackle the issue of change in the boardroom? Do you have corporate board directors with the digital fit profile to steer the business in the right direction and drive changes effortlessly?
The Corporate Board Director’s Digital Profile II Digital organizations are like complex systems that are dynamic, self-evolving, self-adaptable, and self-perpetuating. The contemporary corporate board as a top leadership team plays a significant role in overseeing business strategy management and exemplifying leadership effectiveness. Due to the complexity, uncertainty, ambiguity, and volatility of the digital era, the directorship in any organization should get out of the mental boxes shaped in the considerably static or linear industrial age; break down outdated conventional thinking, absorb current information or knowledge, fill out blind spots by embracing fresh insight, become more flexible and proactive to drive change and digital transformation. Here is a set of the corporate board director's digital profile II.
The Corporate Board Director’s Digital profile III Leadership is about the future and direction. The corporate board as one of the most critical top leadership pillars needs to be future-oriented, able to steer the organization in the right direction. It’s difficult challenges because there are uncharted water and blurred digital territories on the journey of going digital. The board directors should convey their “outlier’s vision and have to leverage the different points of views to truly become the strategic advisor of the business, conduct changes, monitor business performance and maximize business potential. Here is a set of board director’s digital profiles to bridge the multitude of leadership gaps and develop a high-effective and high-performance corporate board.
The Corporate Board Director’s Digital Profile IV Digital boards are like the steering wheel of the organization, leading the business to step into the deep "VUCA" digital new normal with uncharted water and blurred territories, in order to reach the final destination. Board directors as the top business leadership and directorship role need to build the solid thinking blocks; have sufficient expertise and unique insight to understand the business and its ecosystem via the multidimensional lens, technically, scientifically, economically, holistically, and culturally. Their knowledge must be updated and their viewpoint should be objective, otherwise, the outdated perceptions could enlarge leadership gaps and stifle business progress. Building the best fit board depends on the board’s current makeup, culture and which "gap" needs to be filled. Here is a set of board director’s digital profiles.
The BoDs’ Digital Profiles Due to the “VUCA” digital normality, organizations today have to live up to the business dynamic which is uncertain, ambiguous, complex and flux. Board as a high-level governance body plays a crucial role in business advising and monitoring, as well as setting key tones in organizational culture style and leadership quintessential. Corporate boards also need to advocate changes and become the mastermind behind the digital transformation. Hence, today's BoDs need to be insightful, influential, strategic, and highly effective. The best fit for the board depends on the Board’s current makeup and culture and which "gap" needs to be filled. Here is a set of digital BoDs profiles.
"Digitizing Boardroom" Book Introduction, Slideshare Presentation
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