Thursday, December 2, 2021

Innovativeboardleadership

Boards can contribute to both innovation management and management innovation. Innovation governance at the board level is critical to improving the overall innovation management success.

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 innovative boardroom with digital acumen.


  Innovative Board Leadership 


Innovateboardleadership 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.

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.

Innovation Gap-Minding in the BoardRoom 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. The board can contribute to both innovation management and management innovation. Innovation governance at the board level is critical to improving the overall innovation management success.

Innovativeleadershipadvocacy We live in an era, full of uncertainty, velocity, complexity, and ambiguity. Corporate board directors have to keep evolving and gaining new and wider views, discovering unexpected connections between the business and its rich environment for shaping the future of business collaboratively. Leadership influence at the board level is important because the board directors play a significant role in setting good policies, advocating innovation and people-centricity, and improving organizational effectiveness and maturity.

Innovate Governance Upon the digital paradigm shift, we are experiencing at the moment, with the new characteristics such as hyper-connectivity and interdependence of the digital world we live in. The shift of governance is to focus on enterprise change. More organizations will make a bold step—reengineer or redesign the old fashioned governance control, focus on encouraging meaningful changes and nurturing innovation in a structural way. Top leaders should ask insightful questions and embrace multiple perspectives.


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