Myths That Undermine Decision-Making
Most of the problems executive teams face is rooted not in their psyches, but in widespread myths about the teams themselves.
Seventy corporate directors got together at Stanford Law School in January 2013 to hear Bob Frisch’s talk, “Five Strategy Conversations Every Board Should Have”, hosted by the National Association of Corporate Directors and the Arthur Rock Center for Corporate Governance.
In a pre-workshop survey conducted by our firm 36% of board members were satisfied with their strategy conversations, and only 33% of directors were satisfied with the quality of conversations with the management team:
These results matched what we’ve observed in years of designing and facilitating board-level strategy offsites – that there’s a high degree of frustration when it comes to being able to talk effectively about strategy.
Bob’s presentation reflected five best practices we’ve seen that, when put into place, help significantly raise the quality of board strategy discussions.