top of page

Virtual Advisory Board Platform

INTRODUCTION

A virtual advisory board can bring many benefits to a business. By leveraging the

diverse backgrounds and experiences of its members, a company can receive

valuable insights and feedback on various aspects of its operations. Additionally,

a virtual advisory board can be more cost-effective than a traditional in-person

board, as there are no travel or lodging expenses associated with meetings.

Moreover, virtual advisory boards can operate on a global scale, allowing a

company to draw upon experts from different regions and time zones. This can

lead to a wider diversity of perspectives and ideas, which can ultimately benefit

the business in the long run.


Advantages of Virtual Advisory Boards


1. Flexibility in Advisory Group Composition


Virtual advisory boards offer the advantage of assembling a flexible group of advisors who can be called upon as needed. This dynamic approach allows organizations to invite different experts based on the specific topic at hand, ensuring the most relevant and knowledgeable individuals provide input.


2. Enhanced Communication and Collaboration


The use of online collaboration tools and document-sharing platforms facilitates seamless information exchange among virtual advisory board members. Real-time communication not only enhances productivity but also keeps board members up-to-date on various projects.


3. Cost Savings and Environmental Impact


Eliminating the need for physical meetings results in significant cost savings for companies, including the reduction of travel expenses. Additionally, virtual advisory boards contribute to a lower carbon footprint, aligning with the increasing importance of environmental responsibility for businesses.


4. Overcoming Geographical Limitations


Virtual advisory boards help overcome geographical limitations, increasing representation from diverse parts of the world. This inclusivity becomes particularly important as it eliminates the high cost of travel that may otherwise hinder participation.


5. Flexibility for Busy Professionals


The flexibility offered by virtual advisory boards accommodates the busy schedules of professionals who may find it challenging to commit to regular in-person meetings or frequent travel.


How vBoard Works for Your Company

vBoard is positioned as a crucial product for companies at vital stages where well-informed decisions are imperative. The platform supports effective policy testing and decision-making, harnessing the collective expertise of a virtual advisory board.



Concept

Imagine a board room with you and your trusted managers. Across the table are some of the finest business minds you can hope to meet and talk to.

1. How it can happen for you.

But instead of them being physically present in the room, they are all located in various parts of the world, yet simultaneously connected to the board room through state-of-the-art video conferencing software. This is the power of a virtual advisory board, where location and distance pose no barrier to having meaningful and productive discussions.

2. Virtual Board in practice

You start the session as per your choice of timing and the agenda which you want to discuss for the next hour or so

2. a) The way it happens

Each member will have an equal opportunity to speak, present ideas and analysis, and offer solutions to the challenges faced by your company. With the help of technology, you can get the advice you need from a diverse array of experts without having to worry about logistics and travel expenses.


3. Criteria for success

Increasingly, the value of time, privacy, confidentiality are on top of any management's agenda.

3. a) Meeting expectations

With a virtual advisory board, you can also address such concerns since communication is secure and can be recorded for future reference. The flexibility of virtual meetings means that you can also schedule them at a time convenient for all parties involved. It's a cost-efficient way of gaining valuable insight for business growth.


4. Cost/ Benefit

Now there is an element of cost or how to get value for money from these virtual sessions. Our proposition is simple.

Prepare well for the session. Keep your notes handy. And proceed to the discussion.

4. a) Your virtual advisory board is an investment in the success of your organization. By taking the time to prepare, you'll ensure that the time spent during the session is productive and meaningful. With a little bit of effort, you'll be able to maximize the value of each virtual meeting.A well-planned and focused meeting can help you get the most value out of your investment. This means identifying the issues that need to be discussed and gathering the necessary information or data beforehand. By doing so, you can ensure that the virtual meeting is productive and efficient.

5. The real cost

Naturally, you may wonder that if this method works efficiently & effectively; and ticks all the boxes for 'Value-for- money', 'Privacy', 'Confidentiality' and 'Utility' , it must be very expensive ! But here is our proposition; we will provide this at a fraction of the cost which you would otherwise have spent.

5. a) Virtual board as a cost control

Our virtual advisory board services are affordable and cost-effective, while still delivering high value. Our pricing structure is designed to fit seamlessly into your budget without compromising on the quality of the service. Don't let cost be a barrier to accessing the benefits of a virtual advisory board.


13 views0 comments

Comments

Rated 0 out of 5 stars.
No ratings yet

Add a rating
bottom of page