Insight of "Digital Boardroom": "Innovative-corporate"BoD" ~ Future of CIO

Wednesday, March 24, 2021

Insight of "Digital Boardroom": "Innovative-corporate"BoD"

11:03 PM Pearl Zhu No comments

The board’s innovation management oversight helps to de-risk the introduction of innovation into the marketplace and tie innovations and the innovative culture to the organization's strategy.

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.

Innovative BoD

Innovation & Influence Every board is unique, with its own strength and focus. A distinctive board can stand out as the mastermind behind digitalization and lead innovation effortlessly.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...

Inherence Modern corporate boards play a critical role to exemplify digital leadership and influence corporate culture.Consider digital organization as the coherent, hyper-connected and interlaced ecosystem, governance is a process for a group of people governing with a set of principles and practices. Corporate boards make ultimate decisions and they should really focus on organizing the corporate assets toward the achievement of the business vision and mission.

Innovative An innovative Board set a Tone for Culture of Innovation. There are different types of boards around, some Boards are "working Boards" and have to provide hands-on advice, information, and oversight; other Boards have a more strategic purpose in advising the corporate oversight. Many Boards are often stuck with a view of the rear mirror mindset, looking at the past quarter results, supervising the audit, and reviewing a budget of the coming..

Unconventional 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.

Innovation-Gaps The board’s innovation management oversight helps to de-risk the introduction of innovation into the marketplace and tie innovations and the innovative culture to the organization's strategy. With today's emphasis on innovation per se and its importance to corporate survival, it is common knowledge that innovation management requires the highest risk-taking at a strategic value chain; including organization, investments, and assets.