The Corporate Board Change Fit

Leadership or directorship is about setting directions and inspiring changes.

Change is the only constant, and the speed of change is increasing rapidly. The corporate board directors should become interactive change agents that represent the organization, stockholders, and senior management, make significant influences 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.

Change is the “DNA” of modern leadership: Change starts at the board level. We live in a world where change is the norm and if we don't embrace it, accept it, roll with it or make it happen, we're not going to be successful. While there are many components of leadership, one of the most important ones is the ability to adapt, model and influence change. It is a basic human ability to inspire self and others to look beyond limitations and make continuous improvement. This is particularly important at the board level because board directors help to oversee the business agenda for change and digital transformation, they also must help to push this agenda, pull all important business resources to achieve it. The contemporary corporate board can inspire, innovate, improve, interact, interpret, influence, exemplify, encourage and orchestrate change, as change is often uncomfortable, but a necessary part of reaching the future and sustain the success. 

Change capability is a strategic skill on leadership qualities: While there are many components of leadership, one of the most important ones is the ability to adapt, model and influence change. The leadership team such as corporate board must push the change agenda, and pull the resources to achieve it. We live in a world where change is the norm and if we don't embrace it, accept it, roll with it or make it happen, we're not going to be successful. It also makes it possible for everyone to be on the same page speaking the same language and fosters an atmosphere of accountability. Change leadership concerns the driving forces, visions, and processes that fuel large-scale transformation. Leadership is all about change management and also the ability to take initiative (change leadership). So accepting and embracing change has put leaders more at ease because of its consistency. It's also given digital leaders such as BoDs confidence because you know you are able to positively adapt to any given situation.

The boards of Directors sets policies and principles for changes and digital transformation: Change is the new normal, and the speed of change is increasing, Without well-preparation, major changes in an organization’s ecosystem could have unforeseen consequences that negatively impact the company’s productivity and performance. More than 70% of Change Management effort fails to achieve the expected result. Thus, it is important to bring the CHANGE wave to the boardroom as well. Digital leaders including board directors should contemplate the big "WHY" and know the dynamic of change and adapt to the ever-evolving business circumstances. Change leadership at the board level is important because change management is an interdependent ecosystem that includes many business factors such as the company goals, policies, internal control requirements, customer experience improvements/customer satisfaction, etc, which should be synchronized without compromising the need for any item.

Leadership or directorship is about setting directions and inspiring changes. Change Management has a very wide scope and is a relatively new area of expertise, it needs to focus on coordination and facilitation, follow the right set of principles and take the best or next digital practices.

Posted in: Board Room,Change Management,Digital Fit