🔍 Your Board Prioritizes Innovation, But Trusts Execution? Not So Much.
Is your Board demanding a tech revolution while questioning if you have the team to pull it off?
A recent BDO/CFO.com report reveals a startling contradiction in the boardroom. Here is the reality: R&D and Innovation are Priority #1,but faith in the team's ability to execute is shaky.
📊 The Data speak volumes
According to the recent survey of public company directors:
- 31 % of boards list "investing in new/enhanced product or service development" as their single most important focus (tied for top priority).
- 73 % plan toincrease their R&D investments next year.
But here is the kicker: Only 38 % of directors agree that their current management team has the «appropriate skillsets and experience» to implement these emerging technologies.
🚫 Mind the Confidence Gap
Your Board is writing checks for innovation because they know they must grow to survive. But deep down? They’re apprehensive. The survey numbers reveal they fear injecting capital into a system that they think lacks the specialized muscle to turn that investment into returns.
The concern expressed in the survey clearly states that over a quarter of boards worry about the executive team's bandwidth and the R&D organization’s maturity.
⚡ Closing the Gap Without Losing Time
When the board of directors demands speed, traditional hiring is too slow. This is where Fractional Leadership changes the equation.
An option is to augment the management team. By accessing executive-level competence on a flexible basis, you bridge the confidence gap immediately.
At Pyonnierwe help you demonstrate that competence from Day 1. We don’t sit on the sidelines offering advice; we embed with your team to instill the operational rigor your Board is looking for. It’s the fastest way to turn Board’s apprehension into endorsement.