Thursday, January 2, 2020

The Monthly “Digitizing Boardroom” Book Tuning: The Corporate Board’s Digital Playbook in the New Year Jan. 2020

Corporate boards co-develop the digital vision and recommend comprehensive digital playbooks to guide the business through the journey of digital transformation.

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.

The Corporate Board’s Digital Playbook in the New Year 

The Digital Board’s Digital Playbook The advanced board is the mastermind behind digital transformation because it plays a crucial role in setting tones for the digital paradigm shift, making good policies for the management to follow, and creating digital principles for inspiring learning and creativity. Digital boards co-develop the digital vision and oversee the business strategy, and recommend comprehensive digital playbooks to guide the business through the journey of digital transformation.

Digital Playbook vs. Cookbook: What’s your Hand Book to Make a Leap of Digital Transformation The purpose of going digital is to make a significant difference in achieving high performance and unlocking the full potential of the business. It is a long journey full of uncertainty, velocity, complexity, and ambiguity. Generally speaking, transformation leaders have two jobs - to play their functional management role well and to be accountable for leading the cross-functional initiatives that drive business transformation. Digital playbook vs. cookbook: what’s your handbook to make a seamless digital transformation?

Five Key Ingredients in an Innovation PlayBook Innovation is the light every organization is pursuing now, however, most of the businesses may still think it’s serendipitous, and now innovation practices go beyond innovative products/services, also include business model innovation, process/culture innovation, etc. So, imagine you are planting the innovation garden, how shall you put effort into and what are the key ingredients, theme, the rich of color or the variety of beauty in your secret gardens

A Digital Savvy Board Organizations today have to live up with the business dynamic which is uncertain, ambiguous, complex and flux. The board in a high-level leadership position plays a crucial role in business advising and monitoring, as well as setting key digital tones in organizational culture style and leadership quintessential. With more and more organizations are on the journey of digital transformation, what are important perspectives to build a digital-savvy board?

Three Perspectives of Shaping Up the Digital Ready Boardroom The 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 changes 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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