The ever-changing business dynamic brings significant opportunities and responsibilities for the digital BoDs to drive changes by envisioning the future of organization.
An ultra-modern board can set a clear choice among future scenarios that advocate advancement in mindset, attitude, or behavior.
The Board of Directors as the top leadership team can make a great influence on shaping a digital mindset and advocating changes: Change is inevitable, with increasing pace of changes. For the large scale of business change, BoDs understand what's required and how as a high-level basis of going digital means to the business, so they can make a significant impact on accelerating digital transformation with premium speed. They set policies and provide principles governing the company's commercial activities. They take the praise or the blame depending largely on their ability to influence the business outcomes.
Leadership is an influence. To "influence" means to be able to shape other people's views or opinions towards one's own views or perspectives. With influential intelligence, the contemporary corporate board can inspire, innovate, improve, interact, interpret, exemplify, encourage, and orchestrate change, empowering people to achieve more, etc. Corporate boards make strategic decisions and enhance governance practices, they apply independent thinking, positive attitudes to make sound judgment, decide cohesively, enhance governance discipline, shape collective digital mindsets and advocate changes consistently.
Enable clear linking of strategy from the boardroom to the shop floor: As senior advisor of the business management, the corporate board directors need to focus on emerging trends, technologies, and uncertainties, looking into an unknown future and attempting to define the landscape with its risks and opportunities. The corporate board’s strategic oversight includes co-setting business principles and planning to adapt to the dynamic business environment by identifying management bottlenecks, de-bureaucratizing processes; scrutinizing business prioritization and processes to improve asset/resource management; catalyzes innovation by identifying innovators, leveraging information technology, de-risking innovation management; monitors business performance and develops the best and next practices to influence business outcomes.
The strategic direction of the company must allow for economic, market or customer change and let business adapt smoothly, tapping a true source of advantage. The BoD’s oversight helps organizations define and deliver organizational capabilities aligned with their strategic goals and objectives, prepares the strategic planning to point the company in a direction in which it can maximize its market position and reap as many benefits as possible, set the priority to stay focused, identifies promising big ideas for investment that will accelerate bold change, continues to prioritize and adjust the strategy, to leverage growth potential, establish clear proofs-of-concept before making the investment to launch and scale.
Corporate boards protect business reputation and nurture business brands: The organizations across the globe face more pressure and ambiguity these days, as media continue to report reputational “surprises” from some prestigious companies, and more organizations work hard to sustain their brand and reputation. Reputation is part of the business brand, and the business brand usually also reflects the enterprise culture. The corporate boards clarify what the brand reflects, the value, business purpose, how the customers think of the brand, and how to build a strong corporate brand and improve organizational maturity.
Reputation management can be classified into culture/brand management, knowledge management, crisis and risk management. Corporate boards enhance governance disciplines, protect business reputation, and nurture business brands. The organization's brand equity is the key asset of concern when it comes to the question of reputational risk, and like any asset, it is the responsibility of the board to protect it.
The ever-changing business dynamic brings significant opportunities and responsibilities for the digital BoDs to drive changes by envisioning the future of organization; make global influence by persuasion, collaboration; innovate the business by connecting reasonable dots and knowledge transfer; improve leadership effectiveness and maturity.
Leadership is an influence. To "influence" means to be able to shape other people's views or opinions towards one's own views or perspectives. With influential intelligence, the contemporary corporate board can inspire, innovate, improve, interact, interpret, exemplify, encourage, and orchestrate change, empowering people to achieve more, etc. Corporate boards make strategic decisions and enhance governance practices, they apply independent thinking, positive attitudes to make sound judgment, decide cohesively, enhance governance discipline, shape collective digital mindsets and advocate changes consistently.
Enable clear linking of strategy from the boardroom to the shop floor: As senior advisor of the business management, the corporate board directors need to focus on emerging trends, technologies, and uncertainties, looking into an unknown future and attempting to define the landscape with its risks and opportunities. The corporate board’s strategic oversight includes co-setting business principles and planning to adapt to the dynamic business environment by identifying management bottlenecks, de-bureaucratizing processes; scrutinizing business prioritization and processes to improve asset/resource management; catalyzes innovation by identifying innovators, leveraging information technology, de-risking innovation management; monitors business performance and develops the best and next practices to influence business outcomes.
The strategic direction of the company must allow for economic, market or customer change and let business adapt smoothly, tapping a true source of advantage. The BoD’s oversight helps organizations define and deliver organizational capabilities aligned with their strategic goals and objectives, prepares the strategic planning to point the company in a direction in which it can maximize its market position and reap as many benefits as possible, set the priority to stay focused, identifies promising big ideas for investment that will accelerate bold change, continues to prioritize and adjust the strategy, to leverage growth potential, establish clear proofs-of-concept before making the investment to launch and scale.
Reputation management can be classified into culture/brand management, knowledge management, crisis and risk management. Corporate boards enhance governance disciplines, protect business reputation, and nurture business brands. The organization's brand equity is the key asset of concern when it comes to the question of reputational risk, and like any asset, it is the responsibility of the board to protect it.
The ever-changing business dynamic brings significant opportunities and responsibilities for the digital BoDs to drive changes by envisioning the future of organization; make global influence by persuasion, collaboration; innovate the business by connecting reasonable dots and knowledge transfer; improve leadership effectiveness and maturity.
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