PRT-Forest corporation’s subsidiaries are Kontiotuote Oy, Jukkatalo Oy, Piklas Oy, Mellano Oy and Lappli-Talot Oy. The corporation is responsible for governance and financing, but each subsidiary has its own board and management. Therefore it’s important to see the whole picture.
”My role in PRT-Forest's and its subsidiaries’ boards requires ability to manage the whole entity. It’s important to have understanding of the business environment, competition, critical success factors and competencies of your own company. What is more, you need to be able to evaluate your subsidiaries’ ability to execute the chosen strategy”, says Rytky.
With TRAILMAKER concept, PRT-Forest’s board, management team and subisidiaries created a strategy and a common view. In a multiple subsidiary corporation it was crucial that Trailmaker provided a tool to combine all subsidiaries into one Management View tool.
"The tool makes it easy for the management team to prioritize the areas that need extra attention”, he says.
Rytky says his role as a conversation partner and mentor of CEOs is important and enjoyable. His diverse board experiences have produced wisdom that supportive co-operation with CEOs gives the best results. The board meeting day has to be CEO's best workday.
“When a CEO leaves the meeting full of enthusiasm the tasks that have been agreed with the board will be done. The board needs to earn CEO’s respect and the meetings really need to add something to their work”, Rytky concludes his experiences.
TRAILMAKER is a concept for strategy execution and execution due diligence:
• Tests and concretizes strategy execution through all business functions
• Tests and concretizes resources and competencies needed in execution
• Creates a common view between management and owners in three days
• Forms a solid strategic management practice