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The duration of the entire Advisory Board process and each phase can vary based on several factors, including the complexity of the business, the scope of challenges, the frequency of meetings, and the commitment level of the Advisory Board members. Here is a general approximate breakdown.
This stage is pivotal in ensuring that the Advisory Board is composed of individuals with the right expertise, diverse perspectives, and a strong commitment to contributing to the strategic success of the organization.
This phase aims to synthesize information gathered in the Preliminary Assessment into actionable insights for strategic analyses. It provides a solid foundation for subsequent decision-making and strategic planning by aligning internal and external factors with identified areas for improvement.
This six-month phase focuses on strengthening processes through strategic development, addressing strengths and weaknesses identified in management reports, and implementing a development and transformation plan. The inclusion of a scorecard ensures a comprehensive approach to analyses and reporting enhancement, fostering organizational alignment and continuous improvement.
This eight-month phase is dedicated to transforming the business and fostering innovation. It involves a detailed analysis of the value chain, adjustment of the business model based on internal and external insights, categorization of business units, application of innovation, and the implementation of principles for efficiency and quick adaptation to market changes. The focus is on optimizing operations, identifying new market opportunities, and fostering a culture of continuous innovation.
This phase aims to prioritize customer-centric innovation and future-proofing. The activities include setting and measuring goals for customer-centric innovation, identifying constraints, and revisiting agile management principles for continuous adaptation. The objective is to ensure the organization remains customer-focused and adaptable to emerging trends, thus future-proofing its strategies and operations.
This stage is crucial for laying the groundwork for a successful Advisory Board, ensuring that its formation is strategic, aligned with organizational goals, and capable of providing valuable insights for the company's growth and development
This initial meeting sets the tone for the Advisory Board's engagement and establishes a foundation for productive collaboration between members and the organization. It emphasizes clarity, transparency, and a shared commitment to achieving strategic objectives.
This phase emphasizes collaboration, integration of key insights, and a commitment to customer-centricity in crafting the vision and mission. The six-month duration allows for thorough workshops, iterative refinement, and alignment with strategic frameworks. Regular reviews ensure that the vision and mission remain relevant and aligned with organizational goals.
This four-month phase duration allows for a comprehensive assessment, strategic planning, and initial implementation of identified changes. The duration may vary based on the organization's size, complexity, and the extent of transformational changes needed. Regular monitoring and adjustments should continue throughout subsequent phases of the advisory board lifecycle.
This ongoing phase focuses on fostering agility and continuous improvement. It includes the development of a scorecard for comprehensive performance measurement, integrating scenario planning for crisis preparedness, and adopting an agile approach to enable dynamic adjustments to strategies. The objective is to create a responsive and adaptable organizational culture that can navigate changes effectively and continuously improve its performance.
