In our speed-driven economy, one great idea at the right moment can make the difference between market dominance and stagnation. To obtain these exciting ideas, an increasing number of companies and organizations are creating Advisory Boards to increase brainpower and profits. Advisory Boards help you innovate, problem solve, gain market share, develop new products and services and find new business opportunities These councils save you time and money. They have bottom line impact. Outside experts can both spot vulnerabilities you can address and opportunities you can capitalize on. They help you to know how to choose and use useful information quickly in order to seize an opening. Advisory Councils can be valuable assets without conflicting with the Corporate Board's appropriate governance. The counselors provide non-binding exploration of ideas.
PartnerCom has repeat clients because we listen, understand current and future needs, and deliver desired results.
Advisory Boards, unlike corporate boards, possess no fiduciary or legal responsibilities, have a flexible size and composition, and do not require D&O insurance. (It’s possible to attract a broad range of candidates instead of trying to find sitting CEO's who are unable to take on additional Corporate Board seats). Members' skill and expertise are more important than their rank. Each serves a one-year term which provides leverage to change advisors as needed and to evaluate them on an individual basis. The honoraria are less. Advisors aren't usually given nor expect either stock or options. The members are "off-the-grid" thinkers and are often more open and forthright. These councils are guidance not governance.
To stay ahead of customers and competitors, companies need to constantly turbo-charge management expertise. Advisory Boards provide jump-starts and help ensure that you don’t underimagine. Coming from different businesses and industries, Advisors are in a unique position to visualize new opportunities synthesized from insights and technologies they have observed over the years – ideas that might never occur to an organization's management talking to each other. Ideas are useless unless used. Advisors also provide roadmaps for implementation.
Advisory Boards provide intellectual (what you know) and social capital (who you know). They build your business acumen. You get hands-on knowledge about what is happening and where the action is, facts and perceptions, the latest technology from outside talent in other companies and industries. Advisors have the right mix of skills and connections to make something happen and expand your networks.
Advisory Boards are a valuable trip-wire system. Leading expert's help you evaluate the influence of world events and technology. They ensure that the world doesn't change without you being aware of it. You can't hold onto the past too long and you can't move too quickly to the future.
Advisory Boards can be closer to the community than statutory boards. Business is under pressure to adopt "environmentally friendly" technologies, to work with schools and community groups, and to participate in other local activities. Advisory Boards help management to be both global and local. Regional Advisory Boards can both provide bright ideas and can experiment with unconventional projects in subsidiaries.
Advisory Boards provide talent you might not otherwise be able to afford. The counselors PartnerCom recommends have energy, intelligence, and integrity. Advisory Boards provide you with smart, sophisticated business people who are technologically literate, globally astute and operationally agile. Highly placed executives, who neither want to devote the time nor assume the liabilities of another corporate board, join Advisory Boards for a number of reasons; for a new learning experience, because none of us are sure what business we will be in tomorrow, to build networks with other experienced and articulate leaders from diverse industries to mentor and share expertise.
Advisory Boards provide strategic approaches and new concepts to apply to projects, services and/or initiatives. It is becoming ever more difficult for business to be confident that decisions about plant location, marketing, and other critical issues will continue to appear wise even two years into the future. By adding "expert eyes", an advisory board can give companies better forward vision.
Costs are low and Advisory Boards are an inexpensive source of Intellectual and Social Capital Each meeting has bottom line accountability. New revenue and profits are generated. The cost for an entire yearly Advisory Board is less than management consultants.
PartnerCom tailors the right Advisory Board to your needs. New thinking is always needed! If you are making more and more decisions under increased uncertainty in complicated times, obtain some outside advice from experienced and recognized experts, at reasonable cost. PartnerCom has the access and the ability to assemble the right group of diverse experts of all ages and ethnic heritages. We have the insight and understanding to complete assignments - thoroughly, quickly, and effectively. PartnerCom understands the importance of accountability and discretion.
For each Advisory Board, PartnerCom strategizes with you to target goals and the right Counselors. We can secure the members, work with you to create agendas, help facilitate the meetings, write summary reports, and handle all communications with the advisors. We can make the Advisory Board process Turn Key for you. We use our extensive expertise and knowledge to provide you personalized service.
Ideas without action are not worth much. That is why leading organizations use PartnerCom – because we are so client-focused and result oriented. We work with you to identify your needs, find the right experts who can anticipate tomorrow and help you navigate change, and handle the communications with the advisors.
Advisory Boards are not one-time focus groups. They provide a continuing dialogue with experts who are current or potential customers. In addition, the advisors look for opportunities to bring in new business. If you refuse to accept anything but the best, you'll like PartnerCom. There are strategic advantages to this proven, low-cost method of obtaining cutting-edge advice.