Building bandwidth among young talent

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: thinking, management of resources and innovation.

For a company advisory management council is to create a forum whereby an organisation can derive the benefit of synergising the creative talents of high calibre resources in areas of critical importance to its strategic future, to create a process that unleashes dynamism, innovation, discontinuity and empowerment within the organisation and to create a process that allows the organisation to give equal mind space and focus to important issues that may not receive adequate top management attention due to inadequacy of physical bandwidth.

It is understood that the advisory management council would report directly to the MD and CEO with similar responsibility levels in undertaking the critical tasks assigned to them as that of the management committee. These assignments themselves would entail cross-organisational perspectives and impact.

“The role of this council will be primarily advisory in nature, though they may be tasked with implementation also, if the MD of the company so desires,” say experts.

Talking about some of the critical factors of advisory management council, companies say, the advisory management council derives its legitimacy from the MD. It acts as an advisory body to the MD alone, deriving inputs on its’ task from wherever necessary, within or without the company.

In this context, its powers for obtaining information mirror those of the management committee of the company. However, it remains advisory in nature, and hence its recommendations, while being mandatorily tabled before the MD and the MCM are not binding for implementation. Similarly, organisational communication of the advisory management council is critical as appropriate communication needs to cascade within the organisation. An appropriate communication will include introductory communication, which will highlight the role and the concept of advisory management council and the support required from the rest of the organisation.

The periodic summary updates will include progress on a particular task, key findings till date and bottlenecks encountered, if any. The final presentation will involve summarisation of findings and closure of tenure of previous AMC along with aspiring future AMC members. Experts believe, employees at all levels look for intrinsic and extrinsic rewards. Hence this practice would create interest among the young talent with their new responsibility making way to a fast track route to future career growth.