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Board Excellence: High Impact, Strategic Boards (PowerPoint PPT)
PowerPoint (PPT) 22 Slides FlevyPro Document
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The pressure on Boards and Directors to raise their game has remained acute. A survey of more than 770 directors from public and private companies across the industries around the world suggested that some are responding more energetically than others. There is a dramatic difference between how directors allocate their time among boardroom activities and the effectiveness of the Boards. One in four directors assessed their impact as moderate or lower, while others reported as having a high impact across Board functions.
In the area of Strategy, the call to becoming more forward looking is further highlighted. Strategy Development has always been complex. This is further emphasized when the Board and Management are pressured to find the best answers to global business concerns and issues. Yet, when Strategy Development is undertaken, it becomes invaluable. It does not only lead to clearer strategies but also the creation of alignment essential in making bolder moves.
While these are essential, there is a need to raise the quality of engagement on Strategy between the Board and Management for each group to achieve smarter options. This is possible if organizations have high impact, strategic Boards in place. High impact, strategic Boards do not only review and approve strategies. They also stress-test strategies and allocate resources to support them.
This framework provides the Boards and Management an in-depth understanding of the challenges of Boards and the 3 strategic focus areas to spur high quality engagement between Board and Management.
1. Industry and Competitive Dynamics
2. Board and Management Debate
3. Evaluation of All Strategic Options
This deck also includes slide templates for you to use in your own business presentations.
High-impact Boards invest significantly more time on strategy, dedicating up to 8 extra workdays annually. They engage in rigorous practices such as reducing decision biases and evaluating resource reallocation.
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Source: Best Practices in Strategy Development, Board PowerPoint Slides: Board Excellence: High Impact, Strategic Boards PowerPoint (PPT) Presentation, LearnPPT Consulting
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