With the pandemic accelerating digital disruption around the world, to what extent has this carried over to the corporate minefield? This next normal has pushed organisations in almost every industry to seek to innovate and forced them to embrace new, digital solutions. But while there’s been enough said about the impact of this industry shift on employees, managers and admins, there’s another critical demographic that’s gone through a drastic metamorphosis overnight: board members.
The question to ask, then, isn’t about how fresh graduates are navigating this paradigm shift, but to what degree this rapid digitalisation has extended to board operations.
A new class of problem exists within this space of digitalisation, where seasoned executives’ experiences with business management and monetising traditional assets don’t translate as well in these modern mediums. It can be quite intimidating to keep up with these new growth drivers and competitors, with their rapid-fire funding cycles in Wall Street and other technology hotbeds and the emergence of non-traditional risks. It leaves some board members rightly feeling outmatched and overwhelmed.
ACHIEVING DIGITAL LITERACY FOR ALL
According to a 2018 study by , up to 30 to 40 per cent of all workers in developed countries may need
