Friday, March 31, 2023

Initiatebodinquiries

Asking good questions demonstrates intellectual curiosity, to understand the point of view of the other side, gain objective observation of circumstances, and frame a common-agreeable approach.

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. 





Initiate BoD Inquiries


Inquisitiveboard Due to the “VUCA” characteristics of business dynamic, overloading information, and continuous disruptions as the new normal of business expansion, corporate boards should leverage multidimensional lenses to provide an “outside-in” view of the organization and steer the business in the right direction.

Inquiriesofbods Nowadays, it is increasingly difficult to run a successful business due to various factors caused by rapid changes, fast growth of information, and emerging technologies. Building a high-performance corporate board requires multifaceted thinking, dot-connecting, asking insightful questions, taking a balance of multiple perceptions in guiding businesses in the right direction and achieving expected business results.

Initiateinquiries With rapid change and frequent disruptions, the ecosystem environment becomes complex. To explore the emerging horizon and lead forward solidly, it’s important to understand what it means to the business and get to know the external changing connected environment or the entire business ecosystem.

Initiateinnovativeinquiries Our world is full of uncertainty, change, and complexity; the art of questioning is to discover truth, spark imagination, and provoke comprehensive answers; the science of questioning is to clarify logic, dig into root causes, and figure out better solutions. Asking good questions demonstrates intellectual curiosity, to understand the point of view of the other side, gain objective observation of circumstances, and frame a common-agreeable approach.

InquisitiveBoard Generally speaking, Boards have a couple of main functions such as strategy oversight, governance practices, providing advice to executives, and resource provision, etc. So the Board should be knowledgeable enough to set broad strategic goals. They need to educate themselves by hearing different views about the organization, its environment, and strategic alternatives. Even the majority of BoDs are senior executives, they need to break the “status quo,” present learning agility and show the inquisitiveness to ask the tough and right questions. The board represents the ownership and they really cannot do a good job if they don't have the courage and knowledge to question and challenge and set the broad strategic goals, culture tones, and the digital theme of the boardroom itself. As an inquisitive BoD: How do you ask the tough questions?

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