Wednesday, August 21, 2019

The Monthly “Digital Boardroom” Book Tuning: Constructive Criticism in Boardroom Aug. 2019

Criticism shows portrayal of ideas, concerns, directions, and attitudes.

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 shaping a strategic boardroom.

                 Constructive Criticism in Boardroom 

Constructive Criticism in the Boardroom The corporate board plays a crucial role in overseeing business strategy and driving business transformation. Criticism shows portrayal of ideas, concerns, directions, and attitudes. Asking good questions to management or the board members themselves is not the “wasting time” activity, it can help to clarify the vision and bring new insight about how to steer the company in the right direction.

Communication Competency of BoDs Communication is the key to improve leadership effectiveness and improve business fluidity. Either at the boardroom or the different layers of the business hierarchy, effective communication is like the thread to connect all important business gems, for building the trustful relationship, enforcing collaboration, and improving digital readiness and manageability.

A “Skeptical Board” to Advocate Innovation The Corporate Board plays a critical role in business strategy oversight, monitoring execution, advising digital transformation, and setting tones for talent management. The boards are also transforming from compliance-driven to performance oriented to get digital ready. In practice, the board's role is to pull management out of the trees to see the forest; to understand the business landscape and how it will address it; to continue questioning on important issues where the management's answers do not make sense, and to show the constructive skepticism for brainstorming changes and advocating innovation.

How to Close the Feedback Gaps Nobody is perfect, we should always self-aware, strengthen our strengths and improve our weaknesses. We need always to welcome the constructive feedback which helps improve our professional growth and personal maturity. However, how can you discern which feedback is constructive, and how can you bridge the feedback gaps in order to shape the growth mindset and achieve professional advancement effortlessly?

How to Bridge Insight Gaps in the Boardroom Leadership is about envisioning and leading the business towards its future. Top leadership roles such as board directors are supposed to be the guiding force in the enterprise. In practice, the digital era is volatile, complex, uncertain and ambiguous. Many say that the multitude of gaps (thinking, knowledge, innovation, strategy execution, etc.) are enlarged because different industries, organizations, functions, and individuals evolve with varying speed. To lift up the board leadership maturity, minding the insight gap is challenging, but a critical step for improving leadership effectiveness. Leadership is an influence, influence comes from progressive mindsets, profound insight, and step-wise actions. Insight is an understanding of cause and effect based on the identification of relationships and behaviors within a model, context, or scenario.

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