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The Fish Rots From The Head: The Crisis in our Boardrooms: Developing the Crucial Skills of the Competent Director by Bob Garratt

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6Policy formulation and foresight

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Learning board focus: long-term, externally orientated thinking: horizon scanning and sensing the external uncertainties

Policy formulation is the least understood, and so least visited, aspect of directing. There are four major aspects of policy formulation. Three of these – purpose, vision and values, and emotional climate and culture – are soft aspects (dealing with powerful socio-emotional issues). The words ‘social’ and ‘emotional’ scare off many directors and executives. But I argue that coming to grips with them is crucial to the continued existence of the enterprise; they create the heart of the firm which ...

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