Business Model and Practice: Effective Boards and Governance

Successful boards and governance systems help companies continuously innovate, rather than focus only on monitoring and performance

Effective Boards and Governance

Business Model and Practices > Strategy, Leadership, Boards and Governance

Successful boards and governance systems help companies continuously innovate, rather than focus only on monitoring and performance

Innovative Practices
  • Adopt board-level innovation governance to steer and sustain innovation, including monitoring and addressing company's innovation initiatives and challenges (Jean-Philippe Deschamps, Innovation Management.se)
  • Become knowledgeable of relevant disruptive practices from competitors or other industries, determining how board can help company deliver customer and shareholder value
  • Leverage technology-enabled tools to track and collaborate around company initiatives, goals and achievements continuously
  • Involve board in key business processes, such as technology investments, culture, talent development and branding (McKinsey, 2016)
  • Spend more time on agenda items helping to drive company initiative, rather than only performance-monitoring functions

Books and Other Recommended Sources

Are you taking advantage of your board as an innovation catalyst to help your company grow faster and create more value?