A peer group advisory board comprises of a group of managing directors and chief executives of non-associated companies and from different sectors who come together each month to develop their leadership skills and work through challenging and difficult issues.
One of the challenges a busy executive faces is how to keep their learning up to date. How do you find time to do the necessary development in order to stay on top of the job and abreast of changes in the world?
A peer group advisory board is an effective way of getting enough people together to make getting a world class speaker cost effective whilst ensuring that the material delivered is appropriate to the individuals in the group.
In a confidential environment that is part of a peer group advisory board, issues following the workshop can then be processed and discussed in depth in the knowledge that the information shared won’t be discussed with others outside of the room. This means that the group can take a topic and working with a skilled facilitator can work through an issue that is currently challenging one or more of the members. The processing of the issue provides a practical learning tool for those concerned as they learn to find new ways to work through problems as well as benefit from the resultant findings or actions going forward.
The companies represented by the chief executives are non-competing and are ideally from different sectors and so quite often the experience of one industry can be reutilised in another with suitable adaptations.
A peer group advisory board is usually facilitated by an experienced business leader or business coach. This means that in addition to the one day’s workshop and problem solving forum, for 2 hours each month the coach and peer group member can spend time in a one to one coaching session to discuss actions agreed at the advisory board meeting and to discuss any new or challenging business issues. The one to one may also be an opportunity to link back to the development material from the previous workshop.
It can be seen that the combination of work related development workshops, peer group application of the theory followed up by personal one to one business coaching can make for very effective leadership development.
If you would like more information on a peer group advisory board near you, go to www.mdgrowthboard.co.uk or call Peter Dickinson on 0845 053 7417.