63. Roger Martin - Board failure (2/2): the board’s role in assessing and communicating strategy and hiring strategically-minded non-execs
Mar 26, 2024
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Ranked the world's #1 management thinker, Roger Martin discusses the board's role in developing and communicating strategy, hiring the best people, and the potential of every organization to build a winning strategy. The Lightning Round at the end adds a fun twist to the conversation.
Strategic communication is essential for organizational alignment and engagement.
Hiring strategically-minded individuals is crucial for enhancing board performance.
Deep dives
Importance of Building a Board Career
Developing a board career requires strategic networking and career guidance from experienced professionals. NURO's board community offers valuable resources like online networking, career advice from head hunters, peer discussions, and access to renowned board roles.
Efficient Strategy Creation Process
Creating strategy involves collaboration between the board and senior management. The CEO plays a crucial role in facilitating meaningful interactions that drive value creation. Defining key organizational problems and exploring solutions through reverse engineering leads to more effective strategic outcomes.
Communicating Strategy Effectively
Successful communication of strategy across an organization is vital for alignment and engagement. Simplifying strategy to be clear and easily understandable is key. Ensuring that strategies are communicated in a way that resonates with all levels of the organization, from top management to frontline workers, enhances strategic implementation.
Bold Decision-Making for Strategy Success
Building winning strategies requires bold choices and long-term commitment. Strategies that challenge conventional norms and focus on distinctiveness can lead to remarkable organizational transformations. Ruthless enforcement of strategy and strategic thinking are essential elements for achieving strategic success.
Roger Martin, ranked the world's #1 management thinker, considers the following in the second part of his conversation with Nurole CEO Oliver Cummings: What is the board’s role in developing strategy? (2:13) What is the board’s role in communicating strategy across an organisation? (7:37) Do you think every organisation has the potential to build a winning strategy, or are some lost causes? (11:20) How can boards hire the best people? (21:49) and ⚡The Lightning Round ⚡(23:01)
Host: Oliver Cummings Producer: Will Felton Music: Kate Mac Audio: Nick Kold Email: podcast@nurole.com Web: https://www.nurole.com/nurole-podcast-enter-the-boardroom
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