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What do you think is the appropriate role of a board of directors in strategic management?
Wiki User
∙ 11y ago
The board of directors should be very much involved with strategic management because strategic management involves the identification of environment that the corporation works in, it defines the mission, sets objectives and goals for the achievement of that corporate mission and evaluates the company's progress on a continuous basis.
-SK
Wiki User
∙ 11y ago
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What are some board of directors titles?
A board of directors is the group of individuals responsible for the strategic management of a corporation. Some of the board of directors titles are Chairman or President, Vice Chair or Vice President, Secretary, Treasurer and Board Members.
Who are held responsible to strategic management?
Depending on the size of the business. Large ultimately would be board of directors, medium would be about the same and senior managers to implement, small and sole trader would be the owner.
What is senior management?
Senior management are those people in the management hierarchy who do not report to anybody above them, besides to the Board of Directors (if there is one).
What is the difference between management and strategic management?
Management: "Getting work done through people." That's the classic business school definition of 'management.' Strategic Management: "Setting goals and objectives for an enterprise (a business or company in most cases)." Usually a small group of executives--or the owner--of a company or other enterprise sets down a mission statement consisting of goals and objectives that company seeks to attain and by which that company will be "managed." Individual "managers" direct employees in the company to coordinate the effort to attain the strategic goals agreed upon by the owners or board of directors.
What is a synonym for administration?
management, government, running, control, handling, direction, application, directors, board, leadership, regime
What are some board of directors titles?
A board of directors is the group of individuals responsible for the strategic management of a corporation. Some of the board of directors titles are Chairman or President, Vice Chair or Vice President, Secretary, Treasurer and Board Members.
What role did Nancy Reagan play in the strategic management of Revlon?
She was on the Board of Directors, meaning she was a major shareholder/owner of the corporation.
What is the difference between board of directors and management board?
The management board controls and monitors the company's management and performance. The management and performance goals have been set by the board of directors.
What is the correct spelling of board member?
Board member would be correct, as in someone who sits on a board of directors or board of management etc.
What has the author William R Conrad written?
William R. Conrad has written: 'The new effective voluntary board of directors' -- subject(s): Directors of corporations, Associations, institutions, Management, Boards of directors, Voluntarism 'The effective voluntary board of directors' -- subject(s): Directors of corporations, Associations, institutions, Management, Boards of directors, Voluntarism
How do condo owners fight the management company?
Depending on your governing documents, usually, the responsibility for preserving, maintaining and protecting the communally owned assets belongs to the board of directors.The board of directors -- or the developer if the condominium development is relative new -- signed a contract with the management company.At the board's discretion, it can fire the management company by cancelling the contract.If owners have disagreements with the management company, the owners can refer to specific sections of the governing documents to show where the management company is not conforming to the appropriate governance guidelines.If the management company chooses to ignore the governing documents, then owners can send a formal complaint to the board of directors, documenting the potential breach of contract based on this non-conformance.The service agreement, however, is between the board of directors on behalf of owners, and the management company.
Who are held responsible to strategic management?
Depending on the size of the business. Large ultimately would be board of directors, medium would be about the same and senior managers to implement, small and sole trader would be the owner.
What is a collective noun for executives?
The directors of a company are usually called a board of directors. The directors of a company are rarely all together as a group unless at a director's meeting in a room with a 'board', and obsolete term for 'table'.
What is senior management?
Senior management are those people in the management hierarchy who do not report to anybody above them, besides to the Board of Directors (if there is one).
What is the collective noun for 'directors'?
The collective noun for directors is a board of directors.
The only way that a shareholder can affect the management of a corporation is to get elected to the corporation's board of directors?
FALSE
What are the constituents of corporate governance?
1- board of directors 2- management 3- shareholders & stakeholders
