In Their Own Words

Today, board members are becoming more involved in the risk assessment and corporate renewal process. Building Value Through Strategy, Risk Assessment and Renewal is an invaluable reference that guides readers from the beginning of strategy formulation through execution and evaluation. This book bridges the divide between theory and effective implementation by helping you assess the difference between value creators and value destroyers in a way that board members can understand and go on to monitor their company's value creation process. It thoroughly investigates oversight, and the roles played by the board and the management team. Authors Hass and Pryor simplify the sometimes complex and confusing aspects of strategy, risk assessment and renewal with a variety of war stories, expert insights, best practices, and one-page reporting and oversight formats that help balance short-term performance with long-term health.

Formats such as V.S. Learns (a unique strategy and learning tool), value charts and the basic risk matrix can be used to evaluate and summarize any strategy, risk or renewal effort on the back of a napkin or boil-down several months of scenario planning in an easy to communicate form. A greatly needed book and set of tools to build value by improving communications between the board and the senior management team.