Tuesday, September 8, 2020

The Monthly “Digitizing Boardroom” Book Tuning: Ultra-Modern BoD’s Vision & Guidance Sep. 2020

With "VUCA" new normal, ultra-modern corporate boards should leverage multidimensional lenses to provide an “outside-in” view of the organization and 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.

Ultra-Modern BoD’s Vision & Guidance 


The Ultra-Modern BoDs Set Culture “Pathways” to Transformative Changes It is a continuously changing world, and no organization can afford to stick to its old ways of doing things. Strategy guides change and culture is the pathway for change. BoDs as focused, clear-headed realists will need to take a few steps back trying to get the real picture of what happened, what are barriers to strategy execution, and how can they fine-tune and align the organization’s policy, procedure, and communication to build “digital-ready” cultures, support digital paradigm shift.

BoD’s Leadership Enforcement From Visibility to Understanding to Guidance The challenge facing organizations these days is related to increasing complexity, the exponential growth of information, unprecedented uncertainty & ambiguity, increasing rate of change, and fierce competition. We no longer live in the "isolated" world that runs in years, but one that is hyperconnected and runs in minutes.

The Ultra-Modern Corporate Board with Three “Digital Powers” Due to the complexity, uncertainty, ambiguity, and volatility of the digital era, the directorship in any organization must envision the future boldly and influence changes proactively. There are quite clear processes for the interaction between management and the board; oversight, supervision, development, and mentoring of management, typically at the higher executive levels.

An Inquisitive Board as Strategic Explorer Due to the “VUCA” characteristics of business dynamic, overloading information, and continuous disruptions as the new normal of business expansion, corporate boards should leverage multidimensional lenses to provide an “outside-in” view of the organization and steer the business in the right direction.

Building an Ultramodern Board to Lead 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 as the top leadership team and governance body should become the advanced mastermind behind the digital transformation, to envision, inspire, influence, and innovate. Because the substances of leadership are all about vision, change, positive influence, and progression. The spirit comes from the top, an ultra-modern board can amplify leadership influence, advance the digital management mentality, and lead digital transformation seamlessly.

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