Board directors are not just the followers to chase the tidal waves blindly, but be able to capture the invaluable business insight to make sound judgments and lead transformative changes smoothly.
In business practices, it is not an easy task to direct the large enterprise to the uncharted water and blurred business territories, corporate boards need to become more information savvy, strategic and agile, and set the tones to make the digital paradigm shift seamlessly. The new breed of BoDs has the advantage of bringing up fresh viewpoints, reframing existing or emerging problems, and rejuvenating leadership styles to lead forward harmoniously.
It is crucial to brainstorm on how to build a highly effective board with a heterogeneous viewpoint: One of the biggest challenges in this complex, multi-polar world is the fact that we need different perspectives, and different ways to solve a problem. A heterogeneous corporate board is composed of the BoDs with cognitive differences, diverse background, capabilities, and education, demonstrating diversity of worldview and fresh insight. Further-looking corporate board directors are both creative and critical thinkers who can live out of the box, ask open questions to collect relevant information, and think of alternative solutions to tough problems.
The heterogeneous team with the cognitive difference is more innovative than the homogeneous group setting. As business intelligence is multidimensional, fresh ideas are often interdisciplinary today. The BoDs as the business critic can provide excellent feedback which gives the top management accurate information to improve; great questions to self-aware; and keen insight for closing blind spots and insight gaps, improving strategic decision effectiveness.
The corporate board provides an outside-in view of businesses and multi-dimensional lenses to oversee and advise business strategy and execution: Due to overloading information, and globalization as the new normal of business expansion, the corporate boards provide an “outside-in” view of businesses and multi-dimensional lenses to oversee and advise business strategy and execution to steer the business in the right direction. The corporate board delegates business operations to corporate management, while they oversee strategy and monitor performance periodically.
A corporate board concentrates on strategy oversight and governance practices, to avoid getting lost in the forest. Outlier board leaders today are the one who can step out of a conventional thinking box or linear patterns, see things further or deeper. They can bring outside-in view, provide guidance about what core to preserve and what future to stimulate progress toward. The outside-in lens enables BoDs to understand problems from an outlier’s perspective or read issues from different angles, to enforce GRC disciplines holistically.
The role of the corporate board is to help and encourage the senior management team to set an innovation climate: Digital is the age of innovation, innovationhas expanded spectrum and broader perspective. Corporate boards influence organizational culture, and lead business changes. It’s important to develop the proper innovation climate which encourages creativity, enforces growth, and has the right level of risk tolerance. Keep a workforce open to innovation by cultivating a compelling future vision, developing a comprehensive innovation agenda, and making profound influence.
Bridging innovation execution gap to achieving the business objectives requires a logical execution scenario with clear stages, performance thresholds, combined with an iterative, experiential learning process that supports wide-ranging exploration at each stage. With corporate board’s leadership oversight, there are some key characteristics to build a culture of innovation, high organizational trust; a participatory management style and multi-channel organizational communications to achieve high performance results.
The substances of leadership are about vision, positive influence, and progression, then as an exemplary behavior. Board directors are not just the followers to chase the tidal waves blindly, but be able to capture the invaluable business insight to make sound judgments and lead transformative changes smoothly
It is crucial to brainstorm on how to build a highly effective board with a heterogeneous viewpoint: One of the biggest challenges in this complex, multi-polar world is the fact that we need different perspectives, and different ways to solve a problem. A heterogeneous corporate board is composed of the BoDs with cognitive differences, diverse background, capabilities, and education, demonstrating diversity of worldview and fresh insight. Further-looking corporate board directors are both creative and critical thinkers who can live out of the box, ask open questions to collect relevant information, and think of alternative solutions to tough problems.
The heterogeneous team with the cognitive difference is more innovative than the homogeneous group setting. As business intelligence is multidimensional, fresh ideas are often interdisciplinary today. The BoDs as the business critic can provide excellent feedback which gives the top management accurate information to improve; great questions to self-aware; and keen insight for closing blind spots and insight gaps, improving strategic decision effectiveness.
The corporate board provides an outside-in view of businesses and multi-dimensional lenses to oversee and advise business strategy and execution: Due to overloading information, and globalization as the new normal of business expansion, the corporate boards provide an “outside-in” view of businesses and multi-dimensional lenses to oversee and advise business strategy and execution to steer the business in the right direction. The corporate board delegates business operations to corporate management, while they oversee strategy and monitor performance periodically.
A corporate board concentrates on strategy oversight and governance practices, to avoid getting lost in the forest. Outlier board leaders today are the one who can step out of a conventional thinking box or linear patterns, see things further or deeper. They can bring outside-in view, provide guidance about what core to preserve and what future to stimulate progress toward. The outside-in lens enables BoDs to understand problems from an outlier’s perspective or read issues from different angles, to enforce GRC disciplines holistically.
Bridging innovation execution gap to achieving the business objectives requires a logical execution scenario with clear stages, performance thresholds, combined with an iterative, experiential learning process that supports wide-ranging exploration at each stage. With corporate board’s leadership oversight, there are some key characteristics to build a culture of innovation, high organizational trust; a participatory management style and multi-channel organizational communications to achieve high performance results.
The substances of leadership are about vision, positive influence, and progression, then as an exemplary behavior. Board directors are not just the followers to chase the tidal waves blindly, but be able to capture the invaluable business insight to make sound judgments and lead transformative changes smoothly
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