What fiduciary responsibility do Boards have to seriously evaluate and monitor corporate agility in 2021 and beyond?
"The pace of change has never been this fast, yet it will never be this slow again."
These prophetic words were from Canadian Prime Minister Justin Trudeau's 2018 speech at DAVOS, the annual host city in Switzerland for the World Economic Forum. He went on to say ... "You are rightly anxious about how quickly our existing business models are being disrupted."
I wonder what he would say now in 2021? The pace of change found warp speed in 2020 and has triggered new accelerators for change that will thrust us into an on-going continuum for rapid change. This will surely result in a progressive shakeout as the fragile and slow get passed by the faster and more agile organizations. The law of the jungle will certainly prevail as it is not a matter of being big or small as much as being fast not slow.
The key purpose of boards of directors is to help insure company prosperity while looking after the interests of shareholders. This is an incredibly challenging responsibility these days. In this era of rampant change, a new board standard practice should include examining the inherent capacity of their responsible organizations to be focused, fast and flexible to face the volatile, uncertain, complex and ambiguous (VUCA) world we have today ... and tomorrow.
So we are getting ready for the 2021 Super Bowl this weekend. Who is your winner? It's going to be one unlike any other before ... if for no other reason than the lack of those creative halftime commercials so many of us look forward to seeing. I'll bet there are millions of one-time viewers [...]...»
One of my favorite thought leaders is DON SULL, very smart guy who has been a Strategy Professor at MIT, Harvard and London School of Business. One of Don's many, many insightful sayings is we are living in an era of the FOG OF THE FUTURE which means we can't see as far into the [...]...»
We are now one month into the new chapter of 2021. 2020, the last chapter we all experienced earned numerous graphic descriptors - chaotic, disheartening, devastating, demoralizing, demeaning and even disgraceful at times. Take your pick and maybe add your own description to fit your experience. Let's bury the pain but take away the important [...]...»
Whew! 2020 is almost over and in a couple of days we will be starting a fresh new year filled with hopeful possibilities. We all are desperately seeking solace in how we feel everyday and yet, it is also time to rally the troops to create a superior capacity to face and navigate through the [...]...»
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