Board Resources

About the Book


The Board's Role In Strategy, Risk Assessment, And Corporate Renewal....

Reviewing the past is straightforward; thinking about the future requires new disciplines, tools and best practices. These are explored in this practical reference guide for organizations of all sizes.


Authors, Hass and Pryor simplify the sometimes complex and confusing aspects of strategy, risk assessment and renewal with a variety of war stories, expert insights, best practices, and one-page reporting and oversight formats that help balance short-term performance with long term health.  Formats such as V.S. LEARNS (a unique strategy and learning tool), VALUE CHARTS and the basic RISK MATRIX can be used to evaluate and summarize any strategy, risk or renewal effort on the back of a napkin or boil-down several months of scenario planning in an easy to communicate form.  A need book and set of tools to build value by improving communications between the board and the senior management team.

Without a sound and proven business strategy, reaching goals and safeguarding assets becomes a matter of luck, yet many corporate leaders are unclear on the best practices for strategy and board oversight.

In their new reference guide on strategy, risk assessment and renewal, noted authorities Bill Hass and Shep Pryor explore the evolving challenges. They help corporate leaders clarify the line between board and management roles and provide action-oriented advice across the full strategic and risk spectrum, in the form of questions and stories.

Directors must participate more in the strategic thinking and risk assessment processes in today's changing environment. The administrative work mandated by Sarbanes-Oxley is behind us. This book will help boards and management teams work together when dealing with strategic issues and risk. Hass and Pryor provide counsel for directors and management from the beginning of strategy formulation and strategy retreats through monitoring the outcomes of execution for both healthy and underperforming organizations. In addition, special chapters are devoted to strategic processes unique  non-public and not-for-profit organizations.

When a business or one its parts is underperforming, both directors and management have a great interest in seeing that the right steps are taken to renew the business and restructure the strategy. The authors argue that corporate renewal, the process of examining and resetting the strategy of business units that are not pulling their weight or earning their cost of capital, should be a continual process. 

Whether the business is doing well or encountering problems, strategic thinking will require a systematic review of business risks that confront the organization. A good strategic thought process begins with a full understanding of the risks in both the internal and external business environments.  Best practices in oversight of strategy processes help set new standards for board oversight.




Bill Hass and Shep Pryor have done the impossible with their new book, in that it represents a thorough compendium of strategy thinking, both deep and wide, for board members and senior managers. Not only are dozens of concepts explained and examined, examples abound as well as techniques for direct application. A tremendous accomplishment that will help anyone see the size and scope of the strategy challenge."

           - James E. Schrager, Ph.D., Clinical Professor of Entrepreneurship and Strategy, University of Chicago Graduate School of Business


"This book accurately identifies what directors and executives should be doing in the management and oversight of any organization, whether for-profit, not-for-profit, public or private. "Building Value" not only identifies the right questions to ask, but tells you what are the right and wrong answers that might result. Hass and Pryor also lay out the steps to implement and therefore obtain the best practices in corporate governance, to ensure that fiduciary duties are met and performance improves."

           - James B. Shein, PhD, JD, McDermott, Will & Emery LLP, Clinical            Professor of Management  & Strategy, Kellogg School of Management, former CEO: RC Mfg; Northbrook Corp.


"Hass and Pryor's new book on Strategy, Risk Assessment and Renewal is a great tool for improving communication between the Board and senior managers of any organization. Their 12 Principles need to be repeated over and over again. Ask your senior leadership team to read it, think about it, and act on it at the next corporate retreat! Highly recommended for public or private organizations of all sizes."

           - William Pesch, COO, Anacomp, Inc. CEO Advisory Director, High            Street Capital III LC


"This book is a needed guide to assist Corporate Directors' move from ad hoc governance to governance by business processes focused on building value. The authors make a compelling case that directors can actually help the CEO develop successful business processes and most importantly "objectively" hold that CEO accountable for results. "Building Value" provides a tool box for directors which defines the roles and responsibilities of directors in a practical, ready to use format.”

           - "Dan Dooley, CTP, Principal, Morris-Anderson & Associates LTD


"Everything you ever wanted to know book about serving as a corporate director in today's world. The perfect reference for corporate directors seeking insight and options for addressing a host of corporate governance issues. A complete handbook for corporate directors."

           - Erwin (Ed) A. Marks, President, Marks Consulting, Inc., Director, Barjan Holdings, Inc., National Dry Cleaners, Inc., New York Blower Company, and Jupiter Industries, Inc.