Briefing of "Digital Boardroom": Unconventional BoD

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.

       Unconventional-Board 

 

Unconventional-board The best boards see themselves as a unified team rather than a disparate set of individual voices. An unconventional board can think differently and decide wisely. Given rapid, continual change in the business environment and increased governance demands, corporate boards have to reinvent themselves to continue to be relevant and valuable to their companies. The corporate board monitors strategy implementation and results, and adjusts wherever necessary...

Innovativeness, Intelligence, Inclusiveness Boards play a significant role in making good policies and setting digital principles for tuning a high performing culture to lead successful strategy execution. Organizations large or small are on the journey of digital transformation, strategy making is important, strategy implementation is challenging, and one of the most critical business success factors is organizational culture, which is invisible, but powerful to fail a good strategy…

Unconventional Outlier Digital fit board directors bring the outliers’ fresh eyes, out-of-box thinking, and a tremendous set of skills and experience mix to create new value. A digital paradigm is an emerging business ecosystem of principles, policies, and practices that set boundaries to frame the smooth business transformation with the focus. The board provides an “outside-in” view to the business management by overseeing the strategy and monitoring performance management....

Insightful-Board The board needs to extend its insight and innovation lens via cognitive difference. 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 plays a more significant role in overseeing business strategy, setting principles and policies, making the judgment and assurance of corporate action within a framework of practical knowledge.

Unique-Board A distinctive board exhibits a creative tension and unique leadership strength, that is hard to define, but you know it when you see it. The purpose of the governing body, or board of directors, is to direct the organization in the right direction and monitor its performance. Corporate governance is to challenge the management and make sure that management is doing its job properly. In a world of well-defined problems, directors are required…

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