Questions and Answers
What role should our Board of Directors play in Strategic Planning?
Our normal recommendation is that the Strategic Planning team is composed only of members who are active in the day to day operations of the business. This would preclude Board members, other than those that are within the management ranks, from participating directly as a part of the planning team. This should not imply, however, that the Board does not have a role. A Board is often instrumental in establishing certain mandates that define what is acceptable in terms of on-going business performance. If these exist, they should be communicated to the planning team in advance of the first meeting. You may also want to involve the Board before the planning process begins; making sure you not only understand their mandates, but also have the benefit of their wisdom concerning industry trends, opportunities, threats and strategic issues that should be evaluated during the process. To read how you can use your Board to provide topics for consideration for your strategic planning sessions please read: Board Involvement in Strategic Planning. The Board should be fully briefed on management's expectations of the planning process. The time interval between meetings also offers a good opportunity to advise Board members on progress and solicit their input. Finally, an executive summary of the plan should be prepared and presented to the Board on an annual basis.
Center for Simplified Strategic Planning, Inc. respects your privacy. We do not rent, sell or exchange email addresses.
Center for Simplified Strategic Planning, Inc.
PO Box 8272
Ann Arbor, MI 48108
For permission to reprint any article from Course and Direction, or if you would like to submit an article for inclusion in Course and Direction, please contact the editor, Elizabeth Tidd, at .