The Advisory Board Centre supports the development, testing, validation and monitoring of best practice. To achieve this, our Advisory Board research framework supports the sector through independent assessment and sharing of knowledge and information.
As a professional body, our responsibility in our research is to constantly challenge and validate value being derived from advisory models for the business sector.
The Centre has an independent research committee which oversees the research agenda including primary and secondary research. Research findings a provided to the advisory community, government, industry groups and organisations.
Advocacy and Research that we undertake including who we partner with, supports our purpose to provide a practical pathway for businesses to increase competitiveness, support faster innovation and drive economic impact through effective engagement with Advisors.
What does this mean in practical terms? It is important to be clear on definitions, so we are purposeful in our approach to our voice and research parameters:
(C) The Why
|Competitiveness is the ability to provide products and services as or more effectively and efficiently than the relevant competitors. This includes sustained success in international markets.
(I) The Why
|Innovation is the catalyst to growth, both when starting up and as a means to keep existing business profitable. It means being open to new ideas, technology and unexplored markets, and making a commitment to adapt to industry changes.
|Drive Economic Impact
(EI) The Results
|Economic Impact examines the effect in a specified parameter, ranging from a single business to a macro environment. It can measures changes in business revenue, business profits, and jobs.
|Effective Advisor Engagement
(AE) – The How
|Advisor Engagement examines the effectiveness of access, appointment method and outcomes from appointing an external advisor for a business.