Strategy ranks the second highest function of a Board of Directors after the appointment of a Chief Executive Officer. Boards should not expect “ready-made” strategies as if they are only there to put on a stamp of approval. Board members add value to the process of strategic thinking in successful companies. Executives look up to their Boards as a resource that they tap into to enrich their own strategic thinking.
Implementing a robust strategy requires identification of enablers and an implementation plan to ensure successful delivery of a strategy. Identification of strategic risks ensures that the company’s strategy is balanced and enterprising; it pursues opportunities whilst addressing risks to ensure achievement of superior and sustainable results. Facilitating development of a strategy by Boards is a key component of Signium Africa’s service range.
Our approach to Board Strategy delivers well-thought out strategies; clear articulation and prioritisation of strategic challenges; development of strategic options; engagement of Board members and executives in making appropriate strategic choices that take the company to its next level.
Signium Africa (previously Talent Africa), a leading executive recruitment company based in South Africa offering head-hunting and leadership consulting services in sub-Saharan Africa. www.signium.co.za