Innovateleadershipinboardroom ~ Future of CIO

Tuesday, June 21, 2022

Innovateleadershipinboardroom

12:13 PM Pearl Zhu No comments

Corporate governance is about how well an organization is being run, whether it is in the right direction, as well as its overall problem-solving competency.

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 with digital acumen.

Innovate Leadership in Board Room

InnovateleadershipinboardroomWe are experiencing the paradigm shift from silo-driven organizational setting to hyper-connected human society; from the industrial age with information scarcity to the digital era with knowledge fluidity and creative abundance. The corporate board's leadership discipline has a positive correlation with the degree of uncertainty and unpredictability.

Initiateboardleadership The very characteristics of digital era are complexity, ambiguity, uncertainty and ambiguity, the inevitable range, breadth, depth, and pace of uncontrollable factors acting on any organizations across vertical sectors mean identifying business vulnerability, handling the management fuzziness and constant fine-tuning are essential to improve the organizational maturity.

Innovativebodleadership With “VUCA” digital new normal, organizations across vertical sectors have to continue reinventing themselves, setting the path for smooth business transformation which represents a break from the past, with a high level of impact and complexity.

Innovateleadershipofbods With rapid changes and frequent disruptions, business leaders and professionals have to be able to reinvent themselves, continue to build professional competencies, seek unconventional wisdom, develop "digital fitness" practices, with a broader vision to achieve more. Senior leaders should be forward-looking and goal-driven, demonstrate strategic views to “keep the end” in mind. Corporate boards as one of the most critical governance bodies and leadership pillars play a critical role in steering the company in the right direction. The contemporary board leaders with proactive, innovative, and progressive profiles can amplify leadership influence by practicing expert power and driving transformative changes.

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 hand opportunities, pay attention to the myriad of internal, external, national or global forces that define and influence the way we do business these days.