The Startup Way: How Modern Companies Use Entrepreneurial Management to Transform Culture and Drive Long-Term Growth

by Eric Ries

tips for companies that want to set up growth boards: Small Group, Right People: Growth boards should consist of six to eight members at the C-suite level. The group must be nimble, have the authority to act, and project to the organization that this work is not only allowed but highly valued. Frequent Meetings: Growth boards should meet at least once a quarter; as the number of teams increases, a subgroup may also meet more frequently. Action Oriented: Growth boards must make go/no-go decisions at the meeting. Requests for follow-ups, additional opinions, etc., should be the exception, not the rule. Fact Based: Growth boards must overcome their biases about what the “right” answer is, and use the evidence uncovered by teams to make decisions. No Attendance, No Vote: Only growth-board members in attendance may vote; no delegates or proxies allowed.