Develop Foresight

The third key area in the 2024 Blue Ribbon Commission Report on Technology Leadership in the Boardroom: Driving Trust and Value is Develop Foresight.

In an environment of rapid technological change, boards need to adopt an explorer’s mindset, becoming curious and asking the right questions at the right times to help management test assumptions and, if needed, chart a new course. Boards need to partner with management to jointly discover the possibilities of over-the-horizon technologies. This report defines foresight as the ability to see around corners, understand which nascent technologies could challenge existing strategies, consider alternatives, and work with management to plan new investments.

Recommendations to develop foresight include:

• Recognize technology as a core element of long-term strategy
• Enable exploratory board and management technology discussions.
• Design board calendars and agendas to ensure appropriate focus on forward-looking discussions.