Once and for all, let’s clarify the difference between Advisory Boards and Boards of Directors. People often believe they are one-in-the-same and use the terms interchangeably. When, in reality, they are very different entities. And although they are both important, they wield very different levels of power. The shareholders or members typically elect the...
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According to the US Labor Department “by 2008 the growth of the U.S. Workforce is projected to drop to near zero and remain at that level for the next 25 years. This is the consequence of a vast exodus of 79 million U.S. baby boomers who will retire from the workforce between 2010 and...
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I recently bumped into “Terry,” the president of a company I worked with four years ago.  During my engagement with them, we’d done strategic planning, leadership succession planning, and lots of management team and systems development (i.e., process and procedures development and management training). Because it’d been awhile since I’d worked with them, I...
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I had an interesting conversation the other day with a client. We were discussing her company’s strategic plan and the next step: the succession plan. I was outlining for her the basic steps to identifying the responsibilities of key positions when she asked a great question: “Just what is a ‘key’ position?” Her question...
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