Thursday, March 26, 2020

The Monthly “Digital Boardroom” Book Tuning: The Progressive Corporate Board Mar. 2020

Progress represents change. Without change, one cannot even stagnate. The corporate board must exemplify progressive leadership to help build an ultra-modern digital organization. 

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 with digital acumen.

Progressive Corporate Board  

The Progressive View of the Corporate Board The modern society is a dynamic continuum with collective human progress. Progress represents change. Without change, one cannot even stagnate. The corporate board must exemplify progressive leadership to help build an ultra-modern digital organization. The progressive view of the corporate board in a collective setting can sustain a balance of diversified perspectives, creativity, discipline; opportunities and risk; individualism and teamwork, democracy and unification; science and art, intuition and of course, forward-thinking and situational leadership.

The “Good to Great” Journey of the Corporate Board
Most organizations today are looking for the strategic direction of driving transformative changes. The open digital paradigm is not just about opening technology, becoming transparent. It's a new paradigm shift.

"Digitizing Boardroom" Book Tuning: A Progressive Board -Setting the Top Leadership Tone to Drive Digital Transformation At today’s “VUCA” digital dynamic, organizations face both unprecedented opportunities to grow and hyper-competition or great risks to survive. Therefore, the corporate board plays a more significant role in overseeing business strategy, setting principles and policies, and making the judgment on and assurance of corporate action within a framework of practical knowledge. The digital fitting BoD is about mental toughness, progressive perspective, and in-depth business understanding in order to set the right digital leadership tone and lead change effortlessly. Leadership is all about future and progression, so how to build a progressive board to catalyze digital transformation?

Is your Board too Backward-looking Digital means the increasing speed of changes, the exponential growth of information, hyperconnectivity, and always-on business dynamic? How successful organizations can handle continuous digital disruptions depends on how capable the board and business management can lead effectively across the ever-changing environment and how fast people can adapt to changes. When change does not meet the shareholders' expectations, the boardroom will feel the pain. The BoDs need to make an objective assessment of their own performance, changeability, and maturity: Is the board too backward-looking, compliance-driven, or internal focus? And how to build the high-performance digital board with a clear vision to drive progressive change effortlessly?

Three “P”s to Digitize Boardroom The Corporate Board is one of the most crucial leadership pillars in modern businesses. Because they have a significantly broad effect on setting business policy, overseeing strategy, tuning business mentality and personality, driving motivation, defining the appetite of innovation, sharpening leadership skills, advocating learning, pulling teams, and improving risk intelligence, etc. However, many boards today still get stuck with a view of the rear mirror mindset and focus on compliance-driven agendas. Digital board directors exemplify leadership influence. Digitalization starts from the top down, here are three “P” words to innovate boards for achieving directorship excellence.

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