Board strategy involves the decision-making and governance practices of corporate boards, particularly in relation to navigating challenges and opportunities posed by emerging technologies. As sectors like artificial intelligence, quantum computing and biotechnology transform industries, boards are tasked with making informed choices that align with competitive advantage, ethical considerations and geopolitical dynamics. While U.S. companies emphasize shareholder value and market responsiveness, Chinese firms often align with government objectives and long-term growth.
The importance of board strategy in this context is magnified by the intertwined nature of economic competition and technological innovation. For example, boards of companies with significant operations in both the U.S. and China must carefully weigh market access, intellectual property protection and supply chain security. Meanwhile, ensuring ethical use of emerging technologies poses challenges such as data privacy and responsible AI deployment. Given the evolving landscape of U.S.-China relations and the rapid pace of technological change, adept board strategy is vital to fostering innovation, sustaining global competitiveness and promoting long-term economic sustainability.