In a recent article on HBR.org, the need for boards of directors to adopt a new approach to technology was highlighted. Many boards are lagging behind in understanding and embracing new technologies that could greatly benefit their organizations.
The article notes that board members often lack the technical expertise needed to effectively evaluate and leverage new technology opportunities. This can result in missed opportunities for growth and innovation, as well as leaving organizations vulnerable to cybersecurity threats.
To address this issue, the article recommends that boards take a more active role in overseeing and guiding their organization’s technology strategy. This includes ensuring that board members have the necessary training and education to understand the potential impacts of technology on their organization.
Additionally, boards should consider adding technology experts to their ranks in order to provide valuable insights and guidance on technology-related decisions. By incorporating diverse perspectives and expertise, boards can better navigate the complex technological landscape and make informed decisions that align with the organization’s strategic goals.
Overall, the article emphasizes the importance of boards taking a proactive approach to technology in order to drive innovation, improve decision-making, and mitigate risks. By embracing new technologies and integrating them into their strategic planning, boards can position their organizations for long-term success in an increasingly digital world.
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