Business Transformation Requires Transformational Leaders

When people believe in what they are doing and feel a part of it, they create better customer service. When employees feel psychologically safe to innovate, they push their thinking further and happily voice their ideas. They are excited about going to work, don’t often miss work, feel like they are a part of the solution, and don’t quit. And if people aren’t leaving, then companies aren’t spending billions to replace them.

Getting It Right

So who’s currently getting this right? And what does that look like?

In this Advisor, Bill Fox traces a personal journey of purpose-driven leadership sparked by a desire to fix what’s broken in organizational change. Inspired by Steve Jobs’s belief in “connecting the dots,” he shares three pivotal steps: becoming a catalyst for change, taking small actions aligned with a larger mission, and participating in the emerging future by sharing insights. Each step illustrates how clarity and impact emerge when purpose guides action.

While often overshadowed by buzzwords and tech trends, financial literacy enables leaders to spot early distress signals, assess business health, and make grounded decisions. This Advisor presents two enduring insights: first, while earnings drive headlines, it’s the balance sheet that determines survivability — highlighting the importance of stewardship over growth at any cost. Second, that sales growth rate serves as a company’s “speed limit,” providing critical context for interpreting operational changes and ensuring strategic alignment. In times of transformation, disciplined financial insight remains a leader’s most dependable tool.

This Advisor explores how leader character can strengthen board governance and support ethical, effective decision-making in the face of growing ESG demands. It argues that traits such as courage, integrity, humility, and judgment are essential for directors to fulfill their fiduciary duties while navigating complex stakeholder expectations. By embracing character-driven leadership, boards can move beyond compliance to shape resilient, purpose-led organizations capable of long-term value creation.

This Advisor urges leaders to move beyond surface-level digital upgrades and confront the deeper cultural and strategic shifts required for true transformation. By focusing on digital ambition, data-driven decision-making, and organizational alignment, it provides a roadmap for boards and executives to overcome inertia, reengage their teams, and lead with purpose in a rapidly evolving digital landscape.

This Advisor explores the growing importance of lead independent directors (LID) in strengthening board oversight, especially in firms with concentrated leadership or weak governance. The LID plays a key role in balancing power, fostering accountability, and enhancing investor trust — but only when backed by real authority and engagement.

As this Advisor explores, AI is transforming corporate governance by narrowing the information gap between boards and management. With greater access to data and analysis, directors can exercise more informed oversight— but face higher expectations, new legal questions, and cybersecurity risks.

Most organizations underutilize their boards, treating directors primarily as oversight agents rather than strategic partners. This Advisor recommends a shift toward deeper, ongoing engagement between directors and management to unlock the full value of board expertise. By institutionalizing both hard and soft skills — through regular interaction, strategic involvement, and better succession planning — organizations can ensure board knowledge becomes a lasting asset, not a transient one.