Advisory Boards
Problem Solving and "thinking System"
Advisory Boards consist of advisors who are not legally bound to the organization. They are there for strategic and independent thinking, covering skills or sectors that a business owner may not have experience in. It is a problem solving model and a "thinking system". Independent -- free from personal interest and freedom to explore a wide range of ideas and solutions.
Process
Some of the steps include:
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Role and Scope clarity
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Board establishment
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Business Review
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Governance plan
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Executive/Management interview
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Report. Top priorities
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Advisory Board Charter
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Insurance
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Contract Engagement
Assets
Some of the Assets used
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Content: Business growth score report--quantitative and qualitative to align expectation to business performance. Benchmark.
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Context: Value chain assessment to assess where Advisory Board members can add value.
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Decision making matrix.
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Charter. Why the Advisory Board exists and how it operates
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Meeting protocols. Guidelines of how the meetings are managed.
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Member engagement. Guidelines how members are sourced, selected and managed.
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Ethics and Code of conduct. How the Advisory Board members maintain ethical conduct.