The Board’s Role in Strategic Planning

The board needs to be clear about its role in the strategic planning process regardless of whether boardmeetingsolution.org/ the board creates the strategy or waits on the management to take the initiative. This is because the performance of the board will be affected by how the company manages its resources.

The board must be able to define what strategy actually means and then decide if they want to be supervisory, co-creative or supportive in their involvement. The board should be aware that their roles of the board will change as context changes. In the event of a crisis for example, a focus solely on customer satisfaction may not be the most appropriate choice when the safety of employees and their reputation are at stake.

The board should also look to enhance the value of a strategic plan by challenging the status of the game. This is an area where the board can make a difference and demonstrate its leadership skills. It’s also vital for the board to take into consideration the risks associated with the strategies management has presented and to start discussions about these issues.

It is important to have access to a platform that allows the board and management to work securely during the strategic planning phase. This is where a good board portal such as BoardPro comes in. It will help boards transcend the traditional ‘death of PowerPoint’ that occurs during board meetings, and help them to develop more effective strategies.