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April 30, 2012, SAC Meeting Presenting InformationInformation Technology Governance Strategic Advisory CouncilAgenda Item 2. Technology Roadmap Transitioning IT to a Service Oriented Organization

How to fill out strategic advisory council

How to fill out a strategic advisory council:

1. Identify the purpose: Determine the specific objectives and goals you want to achieve through the strategic advisory council. This will help guide the selection process and ensure alignment with your organization's strategic direction.
2. Define the criteria: Establish clear criteria for the qualifications, expertise, and experience required from members of the advisory council. Consider factors such as industry knowledge, leadership experience, diversity, and specific skills relevant to your organization's needs.
3. Identify potential members: Explore your network, industry associations, and professional connections to compile a list of potential candidates who meet the criteria. Consider reaching out to individuals who have demonstrated thought leadership in your industry or have experience advising other organizations.
4. Engage stakeholders: Consult with key stakeholders within your organization, such as executives, board members, or senior leaders, to seek their input on potential members of the advisory council. Their insights can help ensure a diverse and well-rounded group that represents various perspectives.
5. Extend invitations: Once you have a shortlist of potential members, extend formal invitations to join the strategic advisory council. Clearly articulate the goals and expectations of the council, along with the commitment required from members in terms of time and active participation.
6. Orientation and onboarding: Provide a comprehensive orientation for new members to familiarize them with your organization's operations, goals, and challenges. This will help them contribute effectively and align their efforts with your strategic initiatives.
7. Establish guidelines and governance: Develop guidelines or a charter that outlines the purpose, roles, responsibilities, and expectations of the advisory council. Ensure clarity on important aspects such as meeting frequency, decision-making processes, confidentiality, and term limits for members.
8. Foster active engagement: Actively engage members of the council by regularly scheduling meetings, setting agendas, and providing relevant materials for discussion. Encourage open and collaborative dialogue to leverage the expertise and insights of the advisory council towards achieving the organization's strategic objectives.

Who needs a strategic advisory council?

1. Organizations undergoing significant transformation: When an organization is going through major changes, such as a merger or business expansion, a strategic advisory council can provide valuable guidance and insights to help navigate these challenges successfully.
2. Startups and entrepreneurial ventures: In the early stages of a startup or entrepreneurial venture, having a strategic advisory council helps access industry expertise and provides guidance on market trends, fundraising, growth strategies, and other critical decisions.
3. Non-profit organizations: Non-profits can benefit from a strategic advisory council composed of individuals with diverse backgrounds who can offer insights on fundraising, program development, community engagement, and strategic partnerships.
4. Family-owned businesses: Family businesses often face unique challenges related to succession planning, governance, and maintaining family harmony. A strategic advisory council can provide objective advice and help address these specific issues.
5. Companies expanding into new markets or industries: When entering unfamiliar markets or venturing into new industries, a strategic advisory council can provide valuable guidance on market dynamics, regulatory challenges, competitive analysis, and growth strategies.

In summary, a strategic advisory council is useful for organizations navigating significant transformations, startups seeking guidance, non-profits looking to optimize their impact, family-owned businesses managing succession, and companies expanding into new markets or industries.

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What is strategic advisory council?

The strategic advisory council is a group of individuals who provide guidance and advice to a company or organization on strategic decisions.

Who is required to file strategic advisory council?

Companies or organizations that have established a strategic advisory council are required to file information about it.

How to fill out strategic advisory council?

To fill out a strategic advisory council, companies need to provide details about the council members, their roles, and the objectives of the council.

What is the purpose of strategic advisory council?

The purpose of a strategic advisory council is to help companies make informed decisions and navigate complex strategic challenges.

What information must be reported on strategic advisory council?

Companies must report details about the composition of the council, its meetings, and the impact of its advice on the company.