In past blogs from Directorpoint, we’ve discussed using “Ishikawa” or “fishbone” diagrams to prioritize a board’s approach to problem-solving. One of the reasons fishbone diagrams are so successful is that they are structured to identify the root of a problem. The “5 Whys” technique strives to achieve the same goal using simpler means. Let’s discuss.Continue reading
The KonMari Method and Your Board
If you have Netflix, you’ve probably heard the name “Marie Kondo”. If not, there’s a good chance you’ll soon encounter Marie Kondo and her book, The Life-Changing Magic of Tidying Up. The KonMari Method has taken the cultural zeitgeist by storm. But do the lessons of Ms. Kondo carry weight in the boardroom? Let’s talk about it.Continue reading
The primary responsibility of a college board is to make the most effective, well-informed decisions possible. Making the most efficient use of a board’s meeting time goes a long way in maximizing their decision-making effectiveness. Designating a moderator can be one of the best ways to make sure every second counts. Let’s take a closer look at the best practices for moderating college board meetings.Continue reading
The 80/20 Rule (also known as the “Pareto Principle”) is an incredibly useful tool for prioritization in problem-solving. Let’s pause for a brief second: it’s important to note up front that we are not exaggerating here. Yes, the steps to Pareto analysis are complicated. But we’ve walked you through a lot of decision-making and problem-solving tools before. We can confidently say that Pareto analysis is one of the most powerful tools boards can use to make strategic, well-informed decisions (second only to Directorpoint’s board management software, of course).Continue reading
Fishbone diagrams, also known as “Ishikawa diagrams”, were conceived by organizational theorist Dr. Kaoru Ishikawa in the 1920’s. Today, they’re used in the analysis phase of SixSigma’s DMAIC problem-solving method. The diagrams focus on identifying the “root cause” of an “effect” (an issue or problem).Continue reading
In fact, according to a 2014 Thomson-Reuters study, approximately 43% of boards were still emailing their sensitive board documents.
While email prevents added costs to board operations, it also poses many potential downfalls and risks.
Email isn’t secure.
You’ve seen the headlines. Email hacks are a dime a dozen these days. Not long ago, we wrote a blog about the infamous Salesforce leak, which originated with an email from Colin Powell.
Because they sent their board documents via email, their hypothetical plans for 14 different company acquisitions became public knowledge.