Wednesday, January 12, 2022

Innerculturesavvyboard

12:12 PM Pearl Zhu 1 comment

Culture is the most invisible, but the powerful element which directly impacts how effective the execution could be.

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 culture-savvy boardroom.

Culture Savvy Board

Cultural Savvy Corporate Board Digital means to break down the past and lead toward the future with a quantum leap. Culture is the "fabric" of an organization and habits/behaviors/practices being woven into that fabric. By culture, we mean the way things are done and allowed to be done in the organization every day. The totality of mindset, attitudes, behaviors, practices, values, vision, mission, strategy, and risk appetite is the definition of culture. The corporate board plays a critical role in setting guidelines, envisioning the future of the business, overseeing business strategy, setting the right cultural tones and driving transformative change smoothly.

The Culture-Savvy Board The board plays a significant role in advising & overseeing corporate strategy and taking governance practices for strategy execution. Culture is the most invisible, but the powerful element which directly impacts how effective the execution could be, should the board also oversee the culture, and how to build the culture-savvy board?

Innateprofessionaloversightofbods In a world of rapid changes, governance is a discipline which continually requires stroking and attention. Otherwise, it will stagnate and lose its ability to steer the business in the right direction. The corporate board of directors as the de facto guardians of modern organizations consisting of experienced, insightful, independent, and reputable specialized generalists, plays a critical role in business governance and steering their company in the right direction.

InstrumentalBoDs The corporate boards are the guiding roles, like the steering wheel of their company. In the globalized business environment, very often, people of various nations or cultures are in various facets/functions. Senior leadership teams such as BoDs need to lift from reactive to active and proactive mode for adapting to the dynamic business environment with continuous disruptions, make an objective assessment of their organizational culture maturity, and become culture navigator of their company.

Ultimate Influence of Corporate Board Corporate board is one of the most crucial governance bodies in the modern enterprise. Plato used the term governance in a metaphorical sense to rule strategically. In reality, human and social behavioral factors underpin GRC success. BoD leadership needs to be future oriented, their leadership vision is to serve as a future shaper and strategy enabler, to clear the path, whether that is to eliminate obstacles or to provide coaching and guidance. Good boards advice, but great boards inspire and make a significant impact on performance, culture, corporate brand and reputation.

The “Future of CIO” Blog has reached 7 million page views with 8500+ blog postings in 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. The content richness is not for its own sake, but to convey the vision and share the wisdom. Blogging is not about writing, but about thinking; it’s not just about WHAT to say, but about WHY to say, and HOW to say it. It reflects the color and shade of your thought patterns, and it indicates the peaks and curves of your thinking waves. Unlike pure entertainment, quality and professional content takes time for digesting, contemplation and engaging, and therefore, it takes time to attract the "hungry minds" and the "deep souls." It’s the journey to amplify your voice, deepen your digital footprints, and match your way for human progression.