AOM STR - Strategic Management Division’s Post

"We're great at brainstorming new offerings, but not at deciding which ideas to pursue." Does this sound familiar? Association leaders have the potential to launch innovative products and services, but limited resources to pursue them. We've developed an evaluation rubric that takes the guesswork out of prioritizing new initiatives. This practical framework helps you systematically assess new products, offerings and services to identify your most promising opportunities. Join us for a webinar designed to equip association executives and board members with the tools needed to assess new and innovative revenue ideas, featuring a tutorial on the rubric. During this session, you will: - Explore the key factors that should guide your assessment of new offerings. - Discover how to utilize our scoring system to make informed decisions. - Learn how to overcome the challenges associated with pursuing innovative ideas. Date and Time: Tuesday, November 19 | 1–2 p.m. ET Content Leaders: Megan Cruz, CAE, McKinley Practice Director Susan Davis, CAE, McKinley Senior Consultant This session will provide the tools you need to make confident, strategic decisions. Reserve your complimentary spot today. https://hubs.ly/Q02XYv550 Access the evaluation rubric: https://hubs.ly/Q02XYDBt0

🚀 We were honored to host Prof. Dr. Ulrich Pidun at the DPE this week! 🎙️ Prof. Pidun, a partner and director at Boston Consulting Group (BCG) and a Professor of Corporate Strategy at Technische Universität Berlin, delivered an enlightening talk on “Why Do Most Business Ecosystems Fail?” 📊 Drawing from over six years of research and collaboration with more than 50 companies, Prof. Pidun shared compelling insights into the challenges business ecosystems face. He revealed that fewer than 15% of ecosystems are sustainable long-term, often due to governance weaknesses. His presentation explored key reasons behind these failures and strategies to improve ecosystem design and governance, increasing the odds of success. 💡 📚 Prof. Pidun’s expertise in corporate strategy, particularly in ecosystem design and governance, provided invaluable perspectives for all attendees. As a fellow at the BCG Henderson Institute, where he investigates business ecosystems, and the author of a widely acknowledged textbook on corporate strategy, his contributions have significantly advanced our understanding of these complex networks. 👏 We extend our deepest gratitude to Prof. Pidun for sharing his knowledge and engaging in such a thought-provoking session. His insights have enriched our appreciation of what it takes to build and sustain successful business ecosystems. 🌍💼 #PassauDPE #DigitalPlatformEcosystems #ResearchVisit #BostonConsultingGroup #BusinessEcosystems

What happens at a peer advisory council meeting? During each meeting, each member reports on the state of their business and how they are doing as a CEO. Each member has the chance to raise challenges, opportunities, problems, or ideas to the group for insights. They participate in robust and process driven roundtable discussions on a number of topics to give actionable advice and feedback to their fellow council members. Most importantly, each member makes a commitment to their business that their peers can hold them accountable to. Find out more: https://bit.ly/49zqtfI · · · #PeerLearning #PeerAdvisoryGroup #PeerAdvisory #GriffinExecutiveGroup

Why Partner with The Exec Advisors? Choosing the right advisory partner means finding one that truly aligns with your needs. Here’s why The Exec Advisors stands out: Transparent Pricing Model: We believe in clear and upfront pricing with no hidden costs, fostering trust and effective collaboration. Flexible Approach: Our services are tailored to fit your organization’s unique needs, whether it’s comprehensive research or targeted executive coaching. No Long-Term Contracts: Enjoy the flexibility of our "cancel anytime" services, ensuring you only continue as long as you see value.. Learn more about our approach: www.TheExecAdvisors.com #TransparentConsulting #CustomAdvisory #LeadershipSolutions #StrategicGrowth #ExecutiveCoaching #BusinessStrategy #OrganizationalDevelopment #FlexiblePartnership #ClientFocused

We have recently published some research into the critical but often underexamined area of how public company Boards can optimise their decision making.   Drawing on the insights from interviews with over 50 FTSE Chairs as well on the experience of a diverse research team with different academic and governance insights, we have synthesised our findings into the paper linked here.   It highlights a set of 20 current and emerging best practices across five broad themes: - Ensuring clarity and alignment on the role of the Board as a ‘challenger’ and not simply an ‘endorser’. - Enhancing the focus on building and leveraging a skilled but critically also cognitively diverse Board team. - Arming Board members with the right resources, including better information and, where appropriate, access to more detailed support. - Developing Board rhythms that focus time sharply on the right priorities and discuss key issues early and often in an iterative way. - Embedding decision-making processes and protocols that reduce bias and bring a constructively critical and curious mindset to debates.   Co-authors: Conor Kehoe Olivier Sibony Elizabeth Mohr #BoardEffectiveness #BoardSearch #NonExecutiveDirectorSearch #BoardAssessment #ExecutiveSearch https://lnkd.in/eWfrsH69

This week, we honor the life and legacy of Dr. Ronald A. Howard, co-founder of Strategic Decisions Group and pioneer of Decision Analysis. Over the course of the week, we will explore Ron’s key contributions to Decision Analysis, SDG's founding, and the lasting influence of his work. His contributions to both the theory and practice of Decision Analysis continue to shape the way we approach decisions today, ensuring that choices are made ethically and with clarity, rigor, and alignment to our values. In 1964, Ron coined the term “Decision Analysis” and established it as a scientific discipline to address complex decisions under uncertainty. His groundbreaking work formalized decision-making processes, transforming them from valiant efforts driven by experience and intuition to structured efforts based on clarity, transparency, and analytical robustness. Ron’s creation of Decision Analysis was driven by the idea that any decision should have a clear basis (originally a three-legged stool): -         What we want (values) -         What we can do (alternatives) -         What we know (information) A pioneer of decision quality thinking, Ron wrote (in 1968), "A decision should only be judged by the quality of the process and information at the time, not by its outcome." This insight led to major advances within organizations in adopting both organizational and analytic elements that promote high-quality decisions. In 1981, Ron co-founded Strategic Decisions Group (SDG) with a mission to apply these principles in real-world settings. SDG became known for helping organizations navigate uncertainty by applying framing, values elicitation, alternative creation, expert assessment, modeling under uncertainty, and organizational alignment to their decision-making. Ron’s principles have become the backbone of how countless modern organizations and individuals handle complex decisions. Rest in peace, Ron. Your wisdom will continue to inspire us. #RonHoward #DecisionAnalysis #StrategicDecisions #DecisionQuality #Legacy

Who needs to be on a corporate board? Martha McGuire has some answers: “You don’t necessarily have to be the CEO. But I think it’s important for people coming on to the board to have been the ultimate decision-maker in some capacity.” Please read this article to learn more. Thanks to Bill Hayes and The Private Company Governance Summit 2024. #boards

Ron Howards contributions to Decision Analysis remain highly relevant today. His emphasis on clarity, values, and structured decision-making is critical in marketing transformation, where navigating uncertainty is key. His work continues to inspire thoughtful, high-quality decisions. #changemanagement

Understated but trenchant observation by Jack Kloeber related to clarity of a quality decision process: "an easy statement to make, and I have taught this and believe it, but very difficult to embrace after a huge success or a very bad outcome." I would propose that a 4th leg be added to the 3-legged stool: - What could go wrong? That is a fundamental question that is too often avoided because it challenges the biases of stakeholders who advocate for a specific decision alternative. They just don't want to acknowledge the positive probability of failure no matter how small. The decision consultant who knows better can be put into a difficult position of raising relevant risk issues that some stakeholders do not want to address. A solution to preempt that kind of conflict would be to present the 4-legged stool to the owner of the decision problem when framing out the process flow of the engagement. And have the owner validate the process with the other stakeholders. In other words, "what could go wrong" would be an explicit item on the discussion agenda. What do you think Jack?

🎬 "Maybe it's time to look at a new skillset, to think differently." Dive into this captivating trailer from the 2023 IMAGINE: Challenging the Status Quo Business Summit and EXPO! Our panel discussion on "Imagine: Thinking Outside the Box" features insights from Jo Hanlon of #MindYourPs. 🚀 Jo shares her experience as an Advisory Board Chair, emphasising the importance of assessing the skills within your business before deciding on your board of directors or advisory board members. Sometimes, a fresh perspective is exactly what your business needs! 🌟 As one of our expert panellists, Jo brings her wealth of knowledge to the discussion: Thinking Outside The Box - Next Level for Your Business. With her role as an Advisory Board Chair and Mentor, she offers invaluable advice on taking your business to new heights. Don't miss Jo's expert insights on innovating and refreshing your board! Watch the trailer now! 🎥 #paneldiscussions #strongerthanmyexcuses #businesscontent