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.
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 Board’s Digital Leadership Competency
The Corporate Board’s Mentorship Competency Coaching or mentoring is going to be increasingly important now because the "command & control" style of management is gradually losing its steam in the digital era of abundant knowledge and hyperconnected business normality. The mentor style board directors play a critical role in developing next-generation leaders and help the current leadership stay attuned to the realities of their industry and business ecosystem.
The BoD’s Problem-Solving Competency Fundamentally, every job is to deal with problems big or small both from the long-term perspective or on a daily basis. We all develop reputations - for being problem creators, problem defines, or problem solvers. Problem-solving is about seeing a problem and actually finding a solution to that problem, not just the band-aid approach to fixing the symptom. It’s critical to build problem-solving competency at the board level and improve senior leadership effectiveness and maturity.
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.
Building a Conflict-Competent Boardroom The modern digital board has many responsibilities, also gets a lot of distractions, and hits many pitfalls on the digital transformation. In order to lead today’s hyper-connected digital organizations with the hyper-diverse workforces, board directors should become the digital provocateur to drive changes and set the leadership tone for digital transformation. In practice, people vary in their ideology, cognizance, perceptions, and priorities; and they react to situations in different ways. Therefore, conflict is perhaps inevitable, even in the board room. How to build a conflict-competent boardroom to ensure effective communication and high mature governance? How do high performing Boards make great decisions and deal with not only emotions, legitimate, but also politics, power, or conflict?
Five Building Blocks of the Boardroom Competency Due to the “VUCA” characteristics - complexity, uncertainty, ambiguity, and velocity of the digital era, the directorship in any organization must have abilities for adapting to changes, being able to advise, inspire and motivate a group of people toward accomplishing shared visions and strategic goals. The fundamental dimensions of the corporate board’s responsibilities include, but not limited to strategy oversight, policy-making, performance monitoring, and executive advising. Here are five building blocks of the boardroom competency.
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