Business Advisory Boards
As companies begin, grow and mature, their management needs change
dramatically. Even more, the expertise required from various business
disciplines are not always available in the company's pool of
management talent. The formation of a business advisory board augments your
existing management structure, bringing expertise in human resources,
marketing, operations, administration, legal, finance or technology.
Business advisory boards offer pragmatic advice and serve as an internal focus
group for investigating business opportunities and decisions.
Business advisory
boards are comprised of both internal and external members. In
addition, a facilitator from Apple Growth Partners assists in
fulfilling the board's mission. Generally, quarterly meetings focus on
strategic planning, functional departments, special issues and long
range planning. Ultimately the business advisory board purpose is to help the company
achieve profitability and continuity goals.
Our Guide to Forming a Business Advisory Board describes this tool in detail. We can also use our Healthy Growth ChecklistTM, to determine how your Business Advisory Board should be structured. If you'd like to schedule your own Healthy Growth Checklist review, please contact us.
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