Tuesday, May 16, 2023

Initiativesofbods

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.

                    Initiatives of BoDs


Initiativesofbods Organizations across the industrial sectors are on the journey of business transformation. The abundant information and the latest digital technologies open the new possibilities to communicate and collaborate cross-border seamlessly. Innovative BoDs should bridge a variety of differences, guide the senior management team through effective questioning, coaching, advising, and assessment of the business strategy execution, and bring the fresh insight of corporate governance.

Initiativesofbods The ever-changing business dynamic brings significant opportunities and responsibilities for business growth and innovation. Top directorship roles such as board directors are supposed to be the guiding force in the enterprise, envisioning and leading the business towards its future forethoughtfully.

Initiativesofbods Complexity and uncertainty are part of reality. The real BoD’s dilemma is that driving the business forward is extremely difficult, because you need to look into an unknown future and attempt to define the landscape with its risks and opportunities. As going digital is a “paradigm shift” - a fundamental change in thinking at the board level is required to tackle challenges. There are so many issues the boardroom has to deal with; this implies that Boards of the future will need to work much more closely and collaboratively, to guide the senior management team through effective questioning, advising, coaching, and assessment of the business strategy and the organization's execution.

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.

InitiativesofBoDsThe business environment becomes so volatile and uncertain, governance is to establish a consensus of what is normal for your organization; manage exceptions as they arise; update your consensus of normal as the organization changes. There’s a correlation between corporate governance and business performance, and there's a clear connection between bad governance and poor performance.

The “Future of CIO” Blog has reached 10 million page views with 10900+ blog postings in 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. The content richness is not for its own sake, but to convey the vision and share the wisdom. Blogging is not about writing, but about thinking; it’s not just about WHAT to say, but about WHY to say, and HOW to say it. It reflects the color and shade of your thought patterns, and it indicates the peaks and curves of your thinking waves. Unlike pure entertainment, quality and professional content takes time for digesting, contemplation and engaging, and therefore, it takes time to attract the "hungry minds" and the "deep souls." It’s the journey to amplify your voice, deepen your digital footprints, and match your way for human progression.



The "Digital Boardroom: 100 Q&As" Slideshare Presentation


The "Digital Boardroom: 100 Q&As" Amazon Order Link


The "Digital Boardroom: 100 Q&As" B& N Order Link


The "Digital Boardroom: 100 Q&As" IBook Order Link


The "Digital Boardroom: 100 Q&As" Lulu Order Link


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

0 comments:

Post a Comment