A critical thinking space for business owners
The Owner’s Room gives owners time and space to think critically about their role and provides a framework designed to bring clarity to their ambition.
Leadership research shows that clarity will do more to unlock the discretionary effort of your key stakeholders – the people who have the greatest impact on delivering your goals – than anything else.
As an owner, it is critical that you provide your stakeholders – whether that is other owners, family members, the board, management team, customers or employees – with clarity about your values, your ambitions and their role in achieving these.
However, we recognise that addressing the day-to-day demands of owning a business makes it difficult to prioritise time to reflect on your role as an owner.
That’s why Grant Thornton has developed the Owner’s Room.
How does the Owner’s Room work?
The discipline underlying the success of the Owner’s Room is the time we spend in its planning.
Working either singly with the business owner through to the entire board, we take the time to learn about the owner, the business, its market, competition and disruptive influences to plan an effective Owner’s Room session that can last between 1 hour and half a day, depending on the business’ needs.
We overlay this with our own research and insights before delivering a tailored, highly and engaging session that delivers real rigour to the process and will result in an aligned, engaged and motivated team.
We focus on looking at the business from the point of view of its stakeholders – customers, suppliers, people and investors/ lenders, as well as from an owner’s personal perspective. At each of the four stages of the Owner’s Room, we consider the business and owner’s journey and ambitions in a competitive environment; challenge the assumptions that underlay that ambition; define the promises the business needs to make to its stakeholders and, most importantly, determine the way in which the leader(s) need to change in order to deliver necessary change.
So the Owner’s Room can therefore be held (in whole or in part) to drive new thinking annually during the regular cycle of planning but is also incredibly effective during times of transition, stress or industry change.
Lead by our most experienced Partners, the Owner’s Room is a cost effective, engaging way of kick starting growth, aligning the leadership team and building confidence in the future.
Partner & Head of Family Office ServicesFind out more