Governing boards are often viewed as groups of older white men, oftentimes fuddy-duddy in their dress and mindset, and almost always as those who make the most, but who do the least (with regard to a given workforce hierarchy). As one Harvard Business Review article notes, however, is that boards are actually providing much of the innovation coming out of today’s tech-savvy companies. Some of the boards featured in the article are forming their own innovation committees: innovation and technology, science and technology, technology strategy and innovation, and others, all in the name of brainstorming, networking, providing management with a sounding board, offering a source of external perspective, evaluating on various levels, and much more.
So what does all this mean for your economic development organization, or any business you may be a part of? It means that innovation and participation are crucial at all levels of an organization. It means that your board may be following suit and working to get involved in the inner workings of your company. It means that a workforce hierarchy might function more smoothly when those at the top work with those who keep the wheels turning. And it means that lines of rank and leadership might be transcended more often now than ever before.
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