The roles and responsibilities of advisory board members can vary depending on the needs of the business. Some common responsibilities include:
- Strategic Planning: Assisting in the development and review of the company's strategic plans. - Performance Review: Evaluating the performance of the executive team and offering constructive feedback. - Risk Management: Identifying potential risks and advising on mitigation strategies. - Market Insights: Providing insights into market trends and advising on market penetration strategies. - Innovation: Encouraging innovative thinking and helping to foster a culture of innovation within the company.