As we enter the homestretch in outlining the 8 traits of highly effective HOA directors, I have to say that I’m thrilled at the number of hits this series of blog entries has received. I suspect the issue of governing effectively is a hot topic because it’s just not that easy to govern HOAs in these tough economic times. Directors are looking for the “secret to success” and unfortunately there’s no silver bullet. However, we hope that at least a few of the traits we have outlined in this series will resonate with directors who may be struggling and help point them in the right direction.
The 7th trait of a highly effective director requires these individuals to not only deal with the issues of the day – but to look strategically toward the future.
Trait #7: A highly effective director strategically looks at and plans for the future.
A highly effective director understands that the directors of the HOA cannot afford to put their heads in the sand and not look to the future. Instead, these individuals encourage their boards to effectively address the issues of the day and to engage in strategic planning to look at the strengths, weaknesses, opportunities and threats (SWOT Analysis) facing their association and to appropriately set achievable goals and objectives to meet them. Highly effective directors encourage their boards to keep their eye on the ball and follow through with these goals and objectives. These individuals understand the financial and operational consequences of not planning for the future.
Stay tuned for the final trait of highly effective HOA directors!