Strategy Essential Pathway (StEP) Essentials Public Run

Strategy Execution Pathway (StEP) Essentials official banner (edited by: Rolyn May R. Galvez)

Last September 13-14, the Institute of Corporate Directors conducted a meaningful and fruitful virtual event called the ‘Strategy Execution Pathway (StEP) Essentials’ with Mr. Rex C. Drilon II, FICD, and Mr. Geocel D. Olanday, FICD as the facilitators. The virtual event had an enriching exchange between Board Directors, Executives, and Senior and Junior Management from diverse backgrounds such as Government Owned and Controlled Corporations (GOCCs), Publicly Listed Companies, private companies, family-owned companies, and start-up Companies.

On the first day, Mr. Rex Drilon II gave a lecture on corporate governance and shared his knowledge on developing a governance charter, and the value of reviewing a company’s strategy. In turn, the participants were given the opportunity to craft or re-visit existing governance charters. Mr. Rex Drilon II observed the breakout sessions and guided the participants on how to review and propose possible changes to their chosen governance charter and the identification of strategic objectives. After which, the workshop outputs of the breakout groups were given objective feedback from Mr. Drilon in which participants were imparted with the importance of good corporate governance and a better understanding of a governance charter.

"How to realize that vision? We need to formulate a strategy."

- Mr. Rex Drilon II

On day two, Mr. Geocel Olanday shared the fundamentals of crafting a Balanced Scorecard and identifying strategic measures. The participants built on the work done on the first day with the governance charter by formulating a Balanced Scorecard including the setting of strategic measures and strategic initiatives. Mr. Geocel Olanday assisted participants during the breakout sessions to help frame their strategic measures with the yearly targets in mind leading up to the vision year. After the breakout sessions, the participants presented and received feedback from Mr. Geocel Olanday and had enlightening realizations on strategic outlooks which are measurable.

“Setting measures, we believe here in ICD, can create a system of accountability.”

- Mr. Geocel Olanday

What are the Strategy Execution Pathway (StEP) Essentials all about?

• An opportunity to learn about strategy design and execution based on the Balanced Scorecard.

• An avenue to learn, gain insight, and feedback from facilitators well-experienced in the field.

• A space to connect with like-minded people and collaborate during the workshops.

Here are some testimonials from the participants who attended the two-day virtual event through Zoom:

What did our participants share about our speakers?

• The speaker is effective in helping the participants lay the foundation of corporate governance for both experts and newbies alike!

• The speaker was able to convey his knowledge and ideas clearly, as well as in giving suggestions/comments on the presentation of participants.

• Beautiful insights. Appreciated his joining the breakout groups to provide guidance.

• Very informative. Kept the lecture so interesting.

• The speaker is very knowledgeable about the topic and very engaging.

How about the sessions?

• I was able to improve my learning about the formulation of Corporate Mission, Vision, and Core Values as well as in crafting corporate strategic objectives which I can use and apply in my current work.

About the facilitators

Authors: