AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Effective Interaction with the Board for Strategy Development
The ownership of strategy lies jointly with the management and the board. The CEO should facilitate a constant dialogue with the board throughout the strategy creation process, starting with identifying the problem the strategy aims to solve. A strategy should not be pursued for the sake of tradition; it should address gaps between desired and actual outcomes. Engaging the board from the outset ensures valuable input and avoids disappointments.