Do you have business with any Big(ger) Businesses or Organizations?  By that, I mean businesses or Organizations that not only have an Executive or three, but also a Board of Directors?

Are you a CEO or other Executive for a Big(ger) Business or Organization?

Or do you serve on the Board of Directors for a Big(ger) Business or other Organization?

Many Business Owners get invited to serve on Boards.  But if that's you, you're used to running things, not governing via policy through the CEO (for profit) or Executive Director (not for profit).  The role of being a Director is often deeply misunderstood by most of those who serve on Boards.

If you answered yes to any one of those questions above, I think you will find this article helpful, if not eye-opening. 

It will likely help you Executives better-understand the mindset of many on your Board. 

As for Directors who serve on Boards, perhaps it will shed some light on your involvement.

Finally, for those who are doing business with such businesses, perhaps it will help you understand what you're dealing with, and give you some insight(s) into how you might better approach such an organization.

After you read it, I'd like to hear what you have to say.

 
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5 Comments on Working With Big(ger) Businesses and Organizations

FEB
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319,342 Points 8 Featured Posts Outside Blog Hit Router

I'm working with a local bank right now, listing several bank-owned properties. I could have had these sold several times over, except for the Board which keeps vetoing the sale. Until the PERFECT deal comes along, they'll keep vetoing. Too many opinions of value and what we're selling...

1:01pm • #1

Erica - Thank you for commenting.

That makes me wonder... if it's a Board of Directors who is vetoing sales, and thereby doing harm to the Bank, how can the Bank's CEO be responsible for the Banks' decisions?  If this is happening on a broader scale - such as with the big banks, who are in trouble with the federal legislature - how can their CEOs be vilified for decisions they have no control over, seeing as the Board of Directors has taken that control away?

It seems like banks that are doing this (as well as other businesses which are doing similar things) would benefit from the perspective of the author and contributors to the article I linked to above.  Sure, it would make it easier to turn the CEO into a scapegoat.  But it would also free them up to do what's in the business' best interest.

1:15pm • #2
FEB
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319,342 Points 8 Featured Posts Outside Blog Hit Router

You're right. I read that article, plus forwarded it to the Chairman of the Board of the local bank I'm working with. Hint hint.

2:26pm • #3

Here's to hoping they take it well, and apply it to their business appropriately to best serve all their stakeholders.

5:41pm • #4
FEB
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319,342 Points 8 Featured Posts Outside Blog Hit Router

I hope he takes it as constructive criticism. If not, I could lose my bank listings I guess.

10:47am • #5

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David Holzmann

Mountain View, CA

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