From NACD Directorship Magazine
Five Steps to Stay Abreast of Technological Innovation
There have rarely been so many disruptive advances in technology happening at the same time—self-driving vehicles, applications that use artificial intelligence, augmented and virtual reality, and voice activation to name just a few. Innovative technologies will continue to impact corporate strategies, and directors and CEOs must anticipate and identify potential advantages for their companies.
"The Innovation Era's Implications for Boards," from NACD Directorship magazine, suggests five steps for boards and executives to become better versed in cutting-edge technologies—including combinations of new technologies—to create totally new business categories. These five steps are summarized below.
1. Create a technology learning plan.
2. Assess advanced technologies and their potential impact on your business.
3. Elevate board skills and competencies.
4. Reconsider which companies might be future competitors.
5. Identify internal and external experts.
NACD Directorship magazine is available only to NACD members, but you are invited to download a complimentary copy of this article.
Complete the form to download your complimentary copy of the article.