The Problem

Boards of directors and management need to focus on long-term strategic planning, but for many companies the annual strategy session to set the next year's plan has become primarily a budget exercise. This is a problem since both the board of directors and the chief executive officer are now being judged on whether they have developed an aggressive long-term strategy.

The Solution

Boards of directors should have an off-site strategy meeting, away from the pressures of operating decisions, to look at the 5 year strategy and goals for the company. Ridge Hill has worked with management and boards to prepare for the strategy session and facilitated the discussion at the meeting. Ridge Hill's involvement and focus have resulted in clients educating their boards of directors on the industry dynamics and helping the board and management establish 5 year goals and the strategies to achieve the objectives.

Read our article: Long-Term Strategic Planning And The Board of Directors