Tuesday, July 28, 2020

The Monthly “Digital Boardroom” Book Tuning: The BoD’s Leadership Psychology, Philosophy, Methodology July 2020

The function of the corporate board, as the top leadership team and governance body, should like the digital compass to steer the business in the right direction.

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.



The BoD’s Leadership Psychology, Philosophy, Methodology 



Leadership Psychology, Philosophy, and Methodology The shift to digital cuts across sectors, geographies and leadership roles and the digital transformation is now spreading rapidly to enable organizations of all shapes and sizes to reinvent themselves. But dealing with challenges and tough problems facing today’s business requires an accelerated digital mindset and open leadership style. To thrive in the exponential digital era, business leaders can see possibilities before others, and they can also tackle great challenges with grand consequences over long time spans. Here are digital leadership psychology, philosophy, and methodology.

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.

Effective Corporate Board’s “SMART” Meeting Agenda Corporate boards make communication with shareholders in a timely fashion. They encourage a climate of continuous learning and collective leadership. To improve the board leadership effectiveness, the corporate board’s meetings are not a comfortable place but continually challenging in order to step outside their comfort zone. The highly effective Board shows the ability and openness to "question itself and its decisions/ discussions.

The Corporate Board with High “PQ” The paradox is “a situation, person, or thing that combines contradictory features or qualities.” It is the result of two opposing truths existing side by side, which can be both right. With “VUCA” new normal, there are many concepts that seem to be opposite, indeed, they are complementary to keep the world balanced. A corporate board with high paradoxical intelligence (PQ) can set the tone to practice situational leadership, advocate changes, and strike the right balance of toughness and softness, no silo thinking, no binary or extreme thinking.

The Bridge-Like BoDs
A high mature digital board is like a brighter light tower to guide the business in the right direction and take all these significant responsibilities “thoughtfully.” The forward-thinking digital board is also like an amazing bridge to connect the industrial age and the digital era, make good policies, and develop the next practices for ensuring businesses digital-ready.

"Digitizing Boardroom" Book Tuning: A Philosophical Digital Board The shift to digital cuts across sectors, geographies, and leadership roles. The digital transformation is now spreading rapidly to enable organizations of all shapes and sizes to reinvent themselves. In fact, the Digital Era opens a new chapter of human progress; and philosophy is the compass of human civilization. Digital philosophy is simply in pursuit of a holistic understanding of the hyperconnected digital business world and discovers a better way to do things. The function of the corporate board, as the top leadership team and governance body, should like the digital compass to steer the business in the right direction. So, how can BoDs apply philosophical digital principles to lead changes, and drive business transformation seamlessly?

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