Role of the Board of Directors in the Strategy-Executing

Question

Illustrates the Role of the Board of Directors in the Strategy-Executing, Strategy-Making Process?

Answer 1

1. Although higher-ranking managers have lead liability for executing and crafting a company’s strategy, it is the responsibility of the board of directors to work out strong oversight and see that the five jobs of strategic management are done in a manner that profits shareholders, in the casing of investor-owned enterprises, or stakeholders, in the casing of not-for-benefit organizations.

2. In watching over management’s strategy-making, strategy-executing events and making sure that managerial actions are not only appropriate but also united with the interests of stakeholders.