Using the “5 Whys” Technique with Your Board of Directors

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.

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Board Members Using Pareto Analysis

The 80/20 Rule: Solving Board Problems with Pareto Analysis

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).

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