WHAT DOES IT MEAN TO BE FUTURE-PROOF?
We are currently facing a reality with unprecedented speed and complexity in changes, speed of information and volume of information, both as individuals and as organisations. This speed and complexity challenge the way we structure and lead our organisations. In one study, 92% of business leaders stated that their organisations had experienced major transformational change in the last few years. Our survey results seem to indicate that this challenge has also become a focus in many boards. The main point is that there is no clear recipe for preparing your company for a future more complex and unpredictable than ever before, but we will deep dive into three essential aspects that should be in focus in your board.
These three aspects are:
- Motivation, well-being and purpose
- Trends and developments
- Strategy development
WHAT DOES THIS MEAN FOR THE ROLE OF THE BOARD?
So what does all of the above mean for the role of the board as a whole and for the individual board member?
The short answer is that your role will look quite different going forward: You will need to contribute with knowledge on what the company should do now and not only on what the company should aim for in five years.
A future-proof board needs to be quite ambidextrous.