New framework for boards to guide innovation & corporate renewal


.Globalisation and digitalisation change the basic fundamentals for many companies to operate and compete successfully. The demands for corporate renewal and innovation at an increasing speed has increased dramatically. One of the biggest challenges for many companies’ long-term survival is the ability to continuously renew itself.
The Boards role in this process are under increasing pressure and it is critical to understand how boards can best engage to ensure value creation in the digital age.
We are pursuing a two-year long academic research project together with Royal Institute of Technologies (KTH) in Stockholm and University of Wolverhampton (UW), supported by Sweden’s Innovation Agency Vinnova, to explore boards contribution to corporate renewal and innovation.
The project involving boards, innovation- and corporate governance experts includes interviews with active board members, leadership teams and relevant stakeholders in Sweden and internationally, literature studies and deep dive workshops for both exploration and best practice pursuits.
We are six months into the research project and interview with some intermediate findings was done by the Innovation Magazine, the link to the article and an English translated version can be found via this link https://digoshen.com/new-framework-for-boards-to-guide-innovation-corporate-renewal/