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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Week 8 Discussion_16...
My journey through this course was an up-and-down experience. Coming into the course, I had reservations as I did not know what to expect. The only thing I knew for sure, was that it would better my w...

Week 8 Discussion
Week 8 Discussion

My journey through this course was an up-and-down

Unit 4 Discussion_16...
This course teaches students how to apply the principles of professionalism and communication. At the end of this course, students should know how to remain professional on social media– personal acco...

Unit 4 Discussion
Unit 4 Discussion

This course teaches students how to apply the prin

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A major concern for the public that has highly evolved over the years is the public display of affections by couples. In fact it is recently termed as PDA by the youngsters. Though our personal opinio...

Respective Dq 1
Respective Dq 1

A major concern for the public that has highly evo

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.