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Corporate Away Days

Corporate Away Days

The objectives of an Away Day might include:

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â—¼ Regrouping as a team away from the hustle and bustle of every day

â—¼ Respond to changes in the market, customers, technologies

â—¼ Develop or enhance the strategic direction of the business

â—¼ Review the year to strengthen plans and policies

â—¼ Recalibrate priorities

â—¼ Make some big investment decisions such as acquisitions, new product and service developments, new branches or offices

â—¼ Work through differences of view that may have been holding the Board back

How Do Facilitated Away Days Work?

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A facilitated Away Day or Strategic Offsite allows the senior people to fully immerse themselves in the content rather than worry about running the meeting.

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A facilitated session has a different tone and feel to normal Board Meetings.  Depth of consideration and more exploratory conversations are encouraged.

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Design Of An Away Day

 

Methods we use in Away Days include:

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â—¼ Collaborative performance review – where participants rate performance of functions and discuss constructive suggestions for improvement

â—¼ Identify key growth projects

â—¼ Priorities – getting aligned and injecting urgency in issues as required

â—¼ Sales improvement planning

â—¼ Product Roadmap Planning

â—¼ Customer Service improvement

â—¼ Resource allocation – we have an interesting way to help you prioritise these

â—¼ Innovating in The Future – a session to think about fundamental developments in the business’ operating context – the market(s) and the macro environment

â—¼ Scenario Planning – thinking through some potential scenarios and planning how you will make the most of them

â—¼ SWOT analysis – a very useful summary tool enabling the Board to define impact, mitigations and exploitations

â—¼ Risk review – we ask questions in a provocative way to help the Board identify likely risks and work out how to manage them

â—¼ Innovations – a brainstorming session to identify opportunities for innovation and set expectations for the organisation to progress them

â—¼ Governance Review – how well have you as a Board fulfilled your Governance Role

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Examples Of Away Days We Have Run

Here are some of the Management Away Days we have provided:

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â—¼ Long, Medium and Short Term planning

â—¼ Strategy setting

â—¼ Preparing for an IPO

â—¼ 100 Day Planning Sessions (for post VC investment)

â—¼ Pulling Together – improving inter-departmental teamwork

â—¼ Annual Business Plan direction and agreement of key deliverables and targets

â—¼ Post merger teamworking

â—¼ Resetting a relationship between Directors in a merged company

â—¼ Development of a new governance process and structure

â—¼ Development of a new structure for large not-for-profit group with multiple Boards

â—¼ Evaluation of a Board through observation, one-to-one reviews

â—¼ Negotiation of a demerger to Heads of Terms level

â—¼ Evaluation of strategic options

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