Tuesday, November 23, 2021

Innovateboardleadership

The corporate board leaders demonstrate adaptability, consistency, profundity, and empathy to steer the business in the right directions.

Due to the “VUCA” new normal, leadership becomes more informative and situational as driving the business forward is extremely difficult. There are many blind spots clouding the vision and there are numerous roadblocks or hidden pitfalls on the way. That means you have to look into an unknown future and attempt to define the landscape with its risks and opportunities, pay attention to the myriad of internal, external, national or global forces that define and influence the way we do business these days. 



Effective leadership is a good combination of substances plus styles, psychologically, philosophically and methodologically. It takes vision and exemplification, hard work and endurance to amplify leadership influence.

Inquisitiveness - listen a lot, ask, prevent, explore: The exponential growth of information and rapid change bring both opportunities and risks that organizations have to deal with effectively for moving towards the future smoothly. Thus, leaders today are not the one who always have all the answers, but need to ask thought-provoking questions, bring a multifaceted perspective on critical problems, and avoid group thinking. The high performance board teams listen a lot, ask, prevent, explore, advise the corporate management in varying strategic related issues, in order to steer the business in the right direction.

Inquisitive leadership is open, innovative and inclusive. People do not necessarily respect a leader, just because he or she talks or commands more. Rather, respect is earned because of their wisdom and empathy, as well as their leadership influence. It is how they use their knowledge, insight, and wisdom for bridging cognitive gaps, overcoming tough challenges and solving thorny problems. Good leaders are inquisitive with learning agility, participate in framing good questions and encourage teams to find more than one answer, and always discover a better way to do things.

Coach style – practice expert power and develop the next-gen leadership: Effective board leaders today are often specialized generalists - having broad business acumen, digital fluency and deep expertise in the specific field, with multidimensional thinking ability, transdisciplinary knowledge, cross-functional experience, to practice expert power and enforce leadership influence. Their coach style leadership is based on the philosophy to build a winning team, develop next-generation leaders and help the current leadership stay attuned to the realities of their industry and business ecosystem.

Coaching is going to be increasingly important now, that’s why expert power is perhaps more powerful than other types of powers in the era of digitalization and globalization. Leaders not only learn themselves but also advocate a culture of learning. They need to be innovative and really consider where there is value and real learning within an organization. They encourage the creation of an environment in which all feel the need to demonstrate leadership, to take responsibility for the results, to unlock the full potential of the company's best and brightest.

The right dose of skepticism: Knowledge is important but more than that is complete awareness of what is happening in the context, be skeptical of conventional wisdom. The right dose of doubt or skepticism enables the senior leadership team such as the corporate board to oversee business strategy, challenge conventional thinking as a sole path; advocate the culture of innovation and improve business problem-solving effectiveness. The constructive skepticism leads to creative problem-solving and innovative solutions.

The right dose of skepticism or doubt is a brief precursor that stimulates questioning, deepening understanding; removing reactive thinking and negative self-talk, eliminating stereotypical thinking, improving judgmental intelligence and enhancing leadership disciplines. It means to have the courage to update outdated rules or best practices. It also means to scrutinize the big picture- either improve the quality of strategy; or mentally connect all of the different components of a given problem according to their actual working patterns in order to discover the optimal solution to the problem holistically.

The corporate board leaders demonstrate adaptability, consistency, profundity, and empathy to steer the business in the right directions. They need to have broader business acumen, deep expertise, interdisciplinary knowledge, cross-functional experience, and overall expert power to make profound leadership influence consistently.







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