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 Ultra-Modern Corporate Board
The Digital Board with Global Competency Global competency is the ability to understand and act on issues of global significance or solve complex problems that have a global impact. Collectively, at the board level, global competency represents the global leadership, mindset, knowledge, insight, expertise, attitudes, skills, and behaviors necessary to thrive in today's hyper-connected and interdependent world.
Three Traits of Contemporary Digital Board Directors The corporate board today is the mastermind behind the digital transformation. Due to the complexity, uncertainty, ambiguity, and volatility of the digital era, the directorship in any forward-thinking organization must have the ability to guide, inspire and motivate people top-down and bottom-up toward accomplishing shared visions and goals. But more specifically, what are the common leadership traits and characteristics of digital board directors? And what are complementary mindsets, skills, and experiences needed to build a contemporary digital board?
The Characteristics of Digital-Ready Board The digital journey for organizations today is inevitable and unstoppable, it is important to understand that digital transformation is multifaceted, business optimization and integration need to be done with a “big picture.”Digital savvy Board of Directors as the advising role is responsible to steer the organization in the right direction, understand what's required and how as a high-level basis of going digital means to the business. A digital-ready board with the following characteristics has the advantage of pulling enough resources and pushing the business forward confidently.
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 unknown, and have 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?
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