Friday, February 28, 2020

The Monthly “Digital Boardroom” Book Tuning: Influential Corporate Board Feb. 2020

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 an influential boardroom with digital acumen.

 Influential Corporate Board  

An Influential Corporate Board People tend to make leadership very complex, but in its most simple form, leadership is an influence. With rapid changes and exponential growth of information, the command control style of management is gradually losing its steam. Digital leadership needs to be highly intelligent and influential, to lead through influence, not brute force. The corporate board as one of the top leadership pillars must influence and exemplify progressive leadership and help to shape an ultra-modern digital organization effortlessly.

The Corporate Board as the Mastermind of the Digital Transformation Digital boards are like the steering wheel of their company, leading the business toward the uncharted water and blurred territories for reaching the ultimate digital destination. Digital boards as the strategic advising role are also the “mastermind” behind digital transformation to oversee strategies, drive innovation, catalyze changes, and monitor performance.

The Corporate Board as Digital Brand Enhancer The Board of Directors is an interactive change agent and influential brand enhancer that represents the organization, stockholders, and senior management. If a Board is to fulfill its fiduciary responsibilities to its stakeholders, it needs to take a professional and a structural approach to assessing strategies, prioritizing agendas, advising changes, overseeing risks, monitoring performance, advocating reputation and business brand. The Board of Directors is the top leadership team that can make a great influence on shaping a digital mindset and advocating changes. BoDs can also monitor organizational performance and enforce the business brand by asking the following questions.

The World-Class Board: How to Create Top Leadership Niche Compared to the business world decades ago, information is growing exponentially, the speed of change is increasing significantly, and digital disruptions are happening frequently. The matter of fact is that the changes sweeping the world are hugely disruptive, and from top-down, there is nowhere to hide. Digital boards are the guiding roles, like the steering wheel of their company, leading the business toward the uncharted water and blurred territories. It is a “paradigm shift” to develop world-class leadership and drive the organization up to the next level of business maturity.

A Distinctive Board The purpose of the governing body, or board of directors, is to direct th to challenge the management and make sure that management is doing its job properly. In a world of well-defined problems, directors are required to exercise leadership influence over volatility, manage uncertainty, simplify complexity, resolve ambiguity all the time. Every board is unique, with its own strength and focus. A distinctive board can stand out as the mastermind behind digitalization and lead change effortlessly.

The “Future of CIO” Blog has reached 3 million page views with 6500+ blog posting in 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. The content richness is not for its own sake, but to convey the vision and share the wisdom. Blogging is not about writing, but about thinking; it’s not just about WHAT to say, but about WHY to say, and HOW to say it. It reflects the color and shade of your thought patterns, and it indicates the peaks and curves of your thinking waves. Unlike pure entertainment, quality and professional content takes time for digesting, contemplation and engaging, and therefore, it takes time to attract the "hungry minds" and the "deep souls." It’s the journey to amplify your voice, deepen your digital footprints, and match your way for human progression.


Post a Comment