Friday, September 27, 2019

The Monthly “Digital Boardroom” Book Tuning: Adaptability Sep. 2019

What makes a board adaptive and effective has to do with cognition, skills, and attributes of BoDs.

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.


Three Perspectives to Improve Corporate Board Adaptability Digital means rapid change, the unprecedented level of uncertainty and ambiguity, the expanded spectrum of innovation, and the theme of people centricity. All of these changes bring significant opportunities and responsibilities for the new breed of digital BoDs to lead differently. The digital corporate board leadership today needs to be future-oriented, highly adaptive, steer the organization towards the digital journey with a clear vision, a highly effective board agenda and a set of best and next practices.

An Adaptive Board Corporate Board plays a significant role in over-sighting strategy and practicing governance discipline. The board needs to retain the ability to capture immediate and future opportunities which will enhance its shareholders’ benefit. What makes a board adaptive and effective has to do with cognition, skills, and attributes of BoDs, and that is the most difficult to access. With the increasing speed of changes and unprecedented business velocity and uncertainty, what the composition of the board in terms of minds, skills, and experience needs to be in order to add value to achieving the shareholders' expectations? And how to build an adaptive board with learning agility and complementary capabilities and skills to lead through the ongoing changes and radical digital transformation?

The Digital Traits of Board Directors At today’s digital dynamic, as businesses change shape, size, expansion, and transformations, they need conditioning, improvement, and navigation. Board directors are the directorship and leadership role, to help the organization steer in the right direction, to explore the unknown, and have the confidence and insight to take the right path for reaching the destination. Digital boards as the strategic advising role are also the “mastermind” behind digital transformation to oversee strategies, set policies, catalyze changes, and monitor performance. The real BoD’s dilemma is that driving the business forward is extremely difficult, it means looking into an unknown future and attempting to define the landscape with its risks and opportunities. What are the digital traits of contemporary board directors, and how to improve the digital boardroom effectiveness and maturity?

The Game-Changing Board With the increasing speed of changes and unprecedented business velocity and uncertainty, the modern corporate board becomes one of the most important leadership pillars and plays an important role to inspire, improve, interact, interpret, exemplify, influence, innovate, and orchestrate change and digitalization. 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. How to break down conventional wisdom and routine activities, refresh processes and practices, for building a game-changing digital board?

Three Perspectives of Shaping Up the Digital Ready Boardroom Digital era is volatile, complex, uncertain and ambiguous, organizations today are hyper-connected and interdependent. However, many say that the multitude of gaps, such as thinking, knowledge, innovation, strategy execution, etc, are enlarged because different industries, organizations, functions, and individuals evolve change with varying speed. The modern corporate board as one of the most important leadership pillars in the business, plays an important role to inspire, innovate, improve, interact, interpret, influence, exemplify, and orchestrate change and digitalization. Here are three perspectives to shape up the digital ready boardroom.

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