At the dawn of the digital era, the forward-thinking board sets the tone of changes in their organizations, and insightful BoDs are the mastermind behind the digital transformation.
The Corporate Board with Digital Acumen
Develop the Corporate Board with Digital Acumen Digital organizations are complex systems that are dynamic, self-evolving, self-adaptable, and self-perpetuating. Digital dynamic with “VUCA” characteristics create many blind spots in decision-making and generates quite a few gaps for change and digital transformation. Thus, digital corporate board directors with strategic acumen are in strong demand for helping the business in strategy development and performance monitoring..
Enforcing Digital Acumen in the Board Modern corporate boards as the top leadership team play a critical role in overseeing strategy, advising management practices and monitoring corporate performance. At the dawn of the digital era, the forward-thinking board also sets the tone of changes in their organizations, and insightful BoDs are the mastermind behind the digital transformation.
The "Digitizing Boardroom" Book Tuning: BoDs with Digital Acumen As a Board of Directors is responsible for the oversight and direction of a business, a Board in a high-level leadership position should be managing for the long term and play a crucial role in business advising and monitoring, as well as setting key digital tones in driving changes. From the leadership perspective, besides years of experience and vertical expertise, BoDs also need to have digital acumen in order to lead digital transformation effectively.
Five Trends to Shape Up the Digital Board Businesses large or small across the industrial sectors are on the long journey of the digital transformation. Metaphorically, the company is like a ship, the sea is the ecosystem environment, the old world is the past, and the new digital world is the future. The corporate board takes tremendous responsibilities for steering the business ship through uncharted water, so you don't have any choice but to change your sails to move forward in the right direction. The path for digital transformation can be iterative, evolutionary, revolutionary, or disruptive, can you predict the future trends and catch the upcoming tides, shape up the digital board for leading change confidently?
Reinforce Digital Competency in the Boardroom The new paradigm arises out of new knowledge, the emergent trends can shape the behavior of future enterprises and some have been happening already. BoDs as top leadership roles need to envision, proactively influence changes, reinforce digitalization and lead the organization towards its future confidently.
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