The Role of the Board of Directors in the Strategy Process

Strategy and Innovation

Best Practices
Karl Christensen
Strategy Consultant, Mexico

The Role of the Board of Directors in the Strategy Process

If strategy is to guide the organization, then it certainly must be guided by what by law, if not actual fact, is the organization´s key governing body, the Board of Directors (BOD).
1. To what extent should the BOD participate in setting strategy?
2. How can this participation process be best arranged, keeping the BOD discussions, review and decision making concise and strategically focused?

  Alan Kennedy, Canada
 

Board of Directors Role in Strategy

Boards in North America have the legal responsibility to approve and monitor the implementation of the strategic plan. In North America, Boards are usually part of the consultation process for strategy development, but they are not typically involved in the development of strategy.

  Monica Martinez
Strategy Consultant, Chile
 

Alignment and Implementation

Not only the BOD should participate in setting the strategy, but also make sure that they align the business units with the strategy and also with the desire culture. It is key that the strategy consider all relevant aspects: culture, values, mission, etc.

  Jaap de Jonge
Editor, Netherlands
 

Role of Board of Directors and Executives in Strategy

Good point. See for more on that also the discussion: Should Executives Become More Strategic? Some Tips.... Lets keep this discussion focused specifically on the role of the board of directors...

  Andrew Hollo
Strategy Consultant, Australia
 

Role of Directors in Strategy

I advise boards that their role is as guardians of the vision, so they should be able to contribute: 1. FORESIGHT: Look to horizon and have a clear, but critical, view of the major opportunities and ...

 

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👀The Role of the Board of Directors in the Strategy Process

Strategy and Innovation



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