When do you need a Strategic Advisor?
- When the industry and functional experts have not successfully addressed critical CEO or board chair issues which impact the entire company.
What are the benefits of a Strategic Advisor?
- There is a broad range of critical CEO and board chair issues which impact companies. There are major financial or non-financial opportunities or risks at stake.
How do you recognize that you can benefit from a Strategic Advisor?
- You have a critical decision or problem that significantly impacts your company’s long-term value growth or value preservation. You may be unclear as to the core problem, which questions to ask, and what the solution could be.
- You are accountable for the results and require deep understanding, because you are the one who must present and explain your proposed actions.
- You will personally devote significant time to your issue.
- The decisions or issues may be new to you and your company or you have unsuccessfully addressed these decisions or issues in the past.
- You recognize that your past experience, skills, and ways of thinking and making decisions may be of less value in today’s turbulent and rapidly changing world. You are willing to learn and try new things.
- You need someone to help you and your team think through what to do.
- You have either hired or met with traditional experts, who have not been able to help you make your decision or solve your problem.
- You may need help selecting traditional experts and in co-ordinating their actions. A strategic advisor is not a replacement for the skills and knowledge of traditional experts.
How do you work with your Strategic Advisor?
- You may have an hourly meeting once a week. Sometimes meetings are every 2-4 weeks or for 2 hours.
- The agenda is jointly set. Albert Einstein supposedly said ““If I had an hour to solve a problem I’d spend 55 minutes thinking about the problem and five minutes thinking about solutions.” Einstein believed it was it was key to focus on the right problem and understand the problem. The final agenda item is your action plan subsequent to the meeting.
- On occasion your Strategic Advisor may review material you prepared, prior to a meeting.
- You work with your Strategic Advisor on a retainer basis.
Tom is a Strategic Advisor. Click here to contact Tom.
The following are links to sections of my website. Each section contains my points of view.