Implementing Owner Strategy

The process of creating an Owner Strategy should culminate in a written Owner Strategy statement, which documents what value the owners want the business to create. BanyanGlobal’s Ben Francois and Leigh Blank discuss how to think about your Owner Strategy statement, what the process should look like, and how a good Owner Strategy Statement can help put your Owner Strategy into practice.

Time Stamps and Key Takeaways from the video are below.

Time Stamps:

[0:10] Leigh shared examples and guidance of how families put their Owner Strategy into practice.

[1:31] Leigh explains the components of an Owner Strategy statement.

[3:02] Leigh and Ben dive into what the different types of guardrails are, of guardrails that families have included in their Owner Strategy statements, and how to communicate them to stakeholders.

[8:37] Ben shares on the importance of communicating the Owner Strategy statement to the board in order to open up a dialogue between them and the owners.

[9:36] Leigh answers the questions: how do you know when you’re done with your Owner Strategy statement and when is it time to revisit?

Key Takeaways: