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Episodes
Operating Plan Activates Strategy
Mastering the art of strategy: Three key elements for success.
There are three important elements in a long-term strategy: a vision or purpose, a strategic plan, and an operating plan.
The board is responsible for the...
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Focus on Key Strategies
Focus on the few: The power of prioritizing key strategies.
Strategic planning should focus on 2-4 key strategies, rather than trying to address too many at once.
These key strategies should help drive the company...
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Strategy Dictates Budget
Budget should follow strategy, not the other way around.
Strategy should not be limited by budget, but rather the budget should be set based on the chosen strategy.
It is important to consider alternative ways of...
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Anticipating Change and Adapting
What's on the horizon?
Forecasting the strategic issues that will impact your organisation.
Envisioning the future: Key insights from senior executives and stakeholders.
Every few months, bring in executives or...
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Strategic Planning with Scenarios
Forward thinking: How scenario planning can help your organisation plan for the future.
Scenario planning should be a key part of good strategic planning as it helps organisations to focus on their vision and consider...
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Avoiding Wish List Strategic Plans
Accountability is Key: Make your Strategic Plan a plan, not a list.
The strategic plan is a key accountability document for the board and should include time frames, outcome measures, scope, time frames, project...
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Who Owns the Agenda?
Avoiding Micromanagement and Rabbit Holes: The Role of Board Agendas.
The chair of the board owns the agenda and controls the conversation at meetings, but should involve directors in determining what should be...
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Time-Saving Tool: Consent Agenda
Maximize meeting productivity and streamline decision making with a Consent Agenda.
The Consent Agenda is a technique that separates papers for decision making, discussion, and information only.
Items worthy of...
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Maximizing Report Impact
From information overload to strategic insights: Transforming board reports.
Maximizing the effectiveness of board discussions through strategic focus.
The board agenda should include a heading on each report for...
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Clarification technique shortens Board meetings
Eliminate unnecessary board meeting questions with this technique.
Having a pre-board meeting for directors to clarify questions can save time in the actual board meeting and improve efficiency.
For more go...
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Key Ratios and Board Reporting
Board reporting: Going beyond pretty charts and graphs.
Translating ratios into actionable insights for directors ratios can be useful for understanding financial performance, but it's important to know the acceptable...
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Charting Success: Board Commitments
Setting the Standard: Our Board's Commitments for the Coming Year.
Transparency is Key: Let directors know what's expected of them.
Provide a table outlining expected commitments for new directors as part of their...
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