Developing guiding principles is one of the most important pieces of work done by the parent company when divesting a business. Guiding principles are used to help drive decision-making, create the desired behaviors, and ultimately drives business performance.
This play is focused on developing guiding principles - a set of beliefs, precepts, values and maxims; short, sharp strategic statements that indicate the course of the divestiture and its intended goals.
Note: this play will certainly need to be run more than once with each of the major stakeholder groups.
CEO, Separation manager, Deal manager, Commercial team
Meeting Agenda, Whiteboard, Strategy documents
The facilitator will need to spend one day or more to prepare materials for a one hour play.
Review the overall divestiture and develop responses to the following:
These guiding principles are critical to ensuring everyone involved in the exercise is clear and agrees on the why and the how of the deal process, to help steer the what of individual process steps and activities. With the team in the room..