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.
Respond to the following:
How would the board’s increased involvement in the selection of strategies affect a firm’s strategic competitiveness?
What evidence would you offer to support their position?
The post Title: “The Impact of Board Involvement on a Firm’s Strategic Competitiveness”
Increased involvement of the board of directors in the selection of strategies can have a significant impact on a firm’s strategic competitiveness. This shift in responsibility can appeared first on essay insights.