The changing nature of governance in the global business economy means today’s boards of directors must rethink the way they view and address strategy.
Strategy has become a greater concern for boards, thanks largely to its close link to competitiveness and sustainability – both of which have become harder to achieve in today’s turbulent and hypercompetitive business environment. Strategy is also tied to another important board concern: risk management, which can be defined as anything that prohibits strategy goals from being attained.
Strategy competencies have changed from a “nice to have” to a fundamental requirement for all directors, to ensure the board fulfils its expected role. Digitalisation only adds weight to this new requirement, which in earlier days was filled by a few directors, or by executives and consultants. However, strategy is not something that can be delegated solely to executives – even when they typically play a major role in proposing, executing and evaluating strategies.
The complex forces shaping the new global world have a direct impact on the board’s agenda and on the decisions that boards need to make. Boards need to take greater responsibility for their organisation’s course in this new global environment, which offers great challenges but also new opportunities, and where the usual distinction between local and global has fundamentally altered
Through its Corporate Governance Centre, INSEAD’s Advanced Strategy for Directors programme aims to deepen directors’ understanding of the complexities of this new business landscape. A dynamic mix of lectures and discussions enables participants to review and explore key issues such as the impact of digital technology on strategy and organisations, and on the role of the board. Role playing allows directors to practise formulating, implementing and evaluating strategies in a board environment.
How you benefit
- Deepen your understanding of the strategic challenges brought about by today’s global environment (from both internal and external perspectives)
- Review and explore how boards, in collaboration with executives (and consultants), can play a role in anticipating and overcoming such challenges
- Engage with topical issues such as the growing impact of digital technology on strategy and organisations, and on the role of the board
- Practise formulating, implementing and evaluating strategies in a board environment
- Develop your strategic competencies as a director
- Directors (non-executive or independent or external directors as well as executive directors), executives and shareholders interacting with boards in the formulation and oversight of strategy
- Members of the INSEAD Directors’ Network, which is made up of former participants of the International Directors Programme (IDP) and the IN-BOARD programme
- Master in business administration (MBA) Alumni with board experience (board members, C-suite executives and professionals working with boards)
A global network and expertise in
in Corporate Governance
The INSEAD Certificate in Corporate Governance (IDP-C) is designed to be a global credential for board members operating internationally – the first of its kind offered by an academic institution. Completion of the certificate enables participants to become part of the INSEAD alumni community. Within this community, participants become part of an international network of directors and executives.
The INSEAD Corporate Governance Centre was launched in 2010 and undertakes cutting-edge research and teaching tailored to the needs of boards and international directors. It aims to establish new programmes and events that foster a global dialogue on the challenges of corporate governance and leadership in an international context.
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