Tag: Strategic competitiveness

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?

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?

What are strategic competitiveness, strategy, competitive advantage, above-average returns, and the strategic management process?
What are the characteristics of the current competitive landscape? What two factors are the primary drivers of this landscape?
According to the I/O model, what should a firm do to earn above-average returns?
What does the resource-based model suggest a firm should do to earn above-average returns?
What are vision and mission? What is their value for the strategic management process?
What are stakeholders? How do the three primary stakeholder groups influence organizations?
How would you describe the work of strategic leaders?
What are the elements of the strategic management process? How are they interrelated?