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.
Initiate Oversight
Initiativesofoversight Organizations are complex with overwhelming growth of information, strategic oversight is crucial to identify and strengthen the weakest link in business management, laser focus on the most critical perspectives to steer the business in the right direction.Initiativesofbods The digital paradigm shift is inevitable. Keeping digital fit means the fitting mindset, fitting attitude, fitting structure, and fitting speed. The corporate board's main work is to oversee business strategy management and make an objective assessment of the organization's fit from different perspectives such as business information savvy, agility, innovation, resilience, etc.
InitiateBoD'sOversight The modern digital board has many responsibilities, and also gets a lot of distractions. The corporate board’s strategic oversight is crucial to identify and strengthen the weakest link in strategy management, laser focus on the most critical perspectives to steer the business in the right direction, and ensure business success in the long run.
Initiateboardgrcoversight Governance is like the steer-wheel to ensure organizations are running in the right direction and head to the destination. Good governance is less about structure and rules than being focused, effective and accountable, with a great impact on corporate performance.
Initiatecorporateboardoversight In the face of “VUCA” reality with dynamic change and fierce competitions, the open digital paradigm is not just about opening your technology, processing your information; it's a new paradigm shift from process driven industrial economy to people-centric innovation era.
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The "Digital Boardroom: 100 Q&As" Slideshare Presentation
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The "Digital Boardroom: 100 Q&As" Introduction
The "Digital Boardroom: 100 Q&As" Chapter 1 Introduction: The Digital Board's Composition Inquiries
The "Digital Boardroom: 100 Q&As" Chapter II Introduction: The Digital Board's Digital Inquiries
The "Digital Boardroom: 100 Q&As": Chapter III Introduction: The Digital Board's Strategy Inquiries
The "Digital Boardroom: 100 Q&As" Chapter IV Introduction: The Digital Board's IT Inquiries
The "Digital Boardroom: 100 Q&As" Chapter V Introduction: The Digital Board's Leadership Inquiries
1 comments:
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