Role of Directors in Strategy
Andrew Hollo, Strategy Consultant, Australia
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 potential for the organisation.
2. INSIGHT: Deeply understand the core customers and their problems, and what would constitute success for them.
3. VIGILANCE: Know what constitutes the organisation's success, how it's measured, and ways of tracking this, both positive outcomes and 'canaries in coal mines'
4. CAPABILITY: Oversee the CEO's plans to ensure plans can be executed (capital, people, technology, infrastructure etc).
More on this in the next post, as I've run out of words!