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Module 1 DQ 1_164076...
Out of all the properties of the system theory, the most important ones are communications, goal and feedbacks. These are most suitable for the leaders and they need to learn to build good rapport wit...

Module 1 Discussion 1
Module 1 Discussion 1

Out of all the properties of the system theory, th

Unit 4 Course projec...
In this unit, we have to discuss the course project and the risk that is related to it. So we have selected the food delivery app development. There is quite a number of risk that is included in proje...

Unit 4 course project
Unit 4 course project

In this unit, we have to discuss the course projec

Week 1 - Quiz 1_1670...
1.On the Writing Center’s website 2.Paper Review 3.24 hours, 7 days a week 4.By searching the The Writing Center website 5.False

Week 1 - Quiz 1
Week 1 - Quiz 1

1.On the Writing Center’s website 2.Paper Review

Strategic direction

Strategic direction

Q Top executives and members of a corporation's board of directors have different roles and responsibilities. Traditionally, executives have been responsible for determining the firm's strategic direction and implementing strategies to achieve it, whereas the board of directors has been responsible for monitoring and controlling managerial decisions and actions. Some argue that boards should become more involved with the formulation of a firm's strategies. How would the board's increased involvement in the selection of strategies affect a firm's strategic competitiveness? What evidence you offer to support their position?

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The roles and responsibilities of the board I the strategic planning include identifying priorities, finding resources, establishing objectives and goals, allocating suitable funds, and finding resources for supporting the decisions for strategic planning in a proper manner. In most of the case, the board members can handle financial data for short-term. On the other hand, the strategy development process demands a perfect and detailed understanding of long-term and future oriented issues (Hitt, Ireland, & Hoskisson, 2016). The board of the directors are elected officials and they can supervise the business operations of a company. As they can negotiate the incentives and salaries of the employees, so they can be involved in the strategic planning process as well. I think, the board of directors should have more functions for the strategic functions and planning of a firm. As information of the company is shared with the board of directors, therefore, they should take an effective part in the entire strategic planning process for eths ale of the company.