The corporate advisory boards that I have been a part of have almost exclusively been “vibe checks”, where presentations are made about work the company is doing, and the advisory panel chats about things for a while.
This seems like a poor way to utilize the advisors.
Maybe it is worth it just for a rare outburst of “What? No! Are you insane?” But if the company executives don’t actually do something differently than what they were already planning, then the advisory board was actually wasted.
The right time to use advisors is when there is an open and contentious question, and you want an opinion from an unbiased expert. You probably don’t want to convene a “board of advisors”, but rather draw from a “pool of advisors” according to their skillsets.
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