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This is one of my favorite things to do these days as a culmination of my own agile journey. Whether called a "Board of Advisors", "Advisory Council", "Advisory Committee" or something else, the primary function of a non-governance Board is to provide advisory regarding enterprise agility, future-proofing the business and sustaining the desired trajectory of profitable growth.
Free from the burden of the necessary associated bureaucracy of Governance Boards of Directors, Boards of Advisors can serve in a much more dynamic, impactful and agile way. Indeed, as such, there is a rising tide of companies large and small establishing Boards of Advisors, in many cases as a complement to a governance Board of Directors.
What does an Agile Advisory Board do?
In addition to chairing peer-advisory-groups for many years, I have been involved with many governance and advisory boards as a member and a chair. I often found them to be a mixed experience of conversation-flows, which left a lot to be desired.
Boards have an increasingly crucial role to play as the top line of driving conversation-flows to be future-proofing a business. With governance boards increasingly mired in bureaucracy and risk, there is a rising tide of interest in advisory boards as a complement to governance boards.
I found the Advisory Board Centre and became a USA based Certified Chair. From its home base in Australia, the Advisory Board Centre is the leading professional body globally, improving the advisory board sector through research, best practice frameworks and certifications. Already prevalent in Australia, New Zealand, China, Hong Kong, Singapore and now expanding globally, it is a such a quality community of caliber chairs/advisors. I am excited to help spread the word, build the community and bring the rigor of a research based, best practice framework in the USA.
I was delighted to be asked by ABC to become the Co-Chair of their Americas Community, Which is a growing community of Certified Chairs and Businesses adopting ABC's Best Practice Architecture in the Americas (USA, Canada, Central & South America). The State of the Market Report continues to show is by far the largest market globally (2023 State of the Market Report: USA = 54% of Active Advisors)
The battleground of business is shifting yet again. I invite leaders to begin a 5 Level Reset, Cracking the Code of Agility from C2C: Conversation-Flow to Cash-Flow. From the very top-line of your conversation-flow to the very bottom-line of your cash-flow, where the trajectory of your conversation-flow goes, the trajectory of your cash-flow follows. We used to say cash-flow is king, but not anymore! Conversation-flow is king and cash-flow is just a way of keeping score! You show me a business with poor cash-flow and I will show you a business with poor conversation-flow.
5 Levels which add up to the one and only competitive advantage you have these days which has any degree of permanence. A peer-powered culture of agility. In an age of exponential disruptive change, everything else is increasingly temporary, increasingly quickly. Probably bigger, faster and sooner than you think!
In an exponential age you can’t possibly keep up by trying to have all of your intelligence in-house. You have no choice except to rely more and more on external input to help you scan your radar scope and make sense of what is coming up over the fringes in your direction. A Business Advisory Board can be a great answer. It helps drive the top line of your conversation-flow trajectory which the bottom-line of your cash-flow trajectory follows.
... increasingly crucial in an accelerating VUCA world (of Volatility, Uncertainty, Complexity and Ambiguity)