If you’ve served on a board or committee, you’re probably familiar with Robert’s Rules of Order. But where did they come from and how did they come to be the standard structure for deliberation? Let’s find out in this installment of All About It — a series where we dive deep into the topics that fascinate us.
Two of the most popular tools for evaluating and prioritizing ideas are the Delphi Technique and the Nominal Group Technique (NGT). But, do enough research on decision-making strategies and they all start to blur together. Let’s take a closer look at how each technique works, and when they’re best used.
Keeping up with the best practices of board governance is hard. If only you had a friendly neighborhood board portal to keep you apprised of the latest research. Well now, you do! Our series, Research Recap focuses on keeping you in the loop. Say goodbye to the pages of pretentious pedagogy. Everything you need is right here. Continue reading
Multivoting is a technique used to narrow down and prioritize a large list of ideas. Multivoting can be helpful in determining which ideas to pursue at the end of a brainstorming session. This technique is sometimes known as the N/3 technique. The instructions for performing this technique vary by the source, so we’ve put together an amalgam of everything we could find. Continue reading
In the United States, we’re used to a one-tiered structure of board governance. Board members are appointed to govern and oversee the operations of a company. The limits of their power are laid out in a set of bylaws. As needed, a board may call for the formation of a separate advisory board or committees to serve in a more focused capacity. This is the board structure we know. But it is not the only one. Continue reading
If you’re on the board of a community bank, then you know the wrong group structure can break the decision-making process. But how do you decide who to include? Let’s take a closer look at who a bank should involve when board members need help making a decision.
Board members are busy people. It’s a simple truth. Unfortunately, that simple truth can make keeping up with best practices in board governance next to impossible. But don’t worry. Our series, Research Recap, will keep you in the loop on the latest findings in governance research. No frills. No fancy language. We’ll give you exactly what you need to know! Continue reading
If you’re on the board of directors at a community bank, keeping up with the latest research and best practices in governance is important. In most cases, that requires more reading than any sane human being has time for. Don’t worry. We’ve got your back! Continue reading
The April 2010 issue of McKinsey Quarterly featured a great article about managing bias in collaborative decision-making. We want to talk about it. But how are we going to do that without telling you to just go read it yourself? Here’s the game plan: (1) we’re going to give you the need-to-knows, (2) sprinkle in our own research and color commentary, and (3) cut the read time in half. Continue reading
What is the Delphi Technique?
The Delphi technique provides a board of directors with a thorough, easy-to-follow structure for generating, examining, and prioritizing ideas and solutions. This technique is perfect for boards tasked with making well-informed, high stakes decisions. Continue reading