feature of strategic_management

May 29th, 2015
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The board of directors will also establish effective system of control and objectives in the company through limitation, policies and verification functions. That being said, executed policies should always be align to the strategy set by the board of directors while daily operations are conducted accordingly to the board approved policies and this will ensure that decision making authority are done in proper level to ensure decisions and policies are properly implemented. It is crucial for the company to run in a systematically way so that the company conforms to the legal, moral and ethical standards.

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INTRODUCTIONGenerally, it is common to see a group of people that are elected in public company as Board of Directors (BOD) where these groups of people will act as representatives or make decisions on major company issues and approve any relevant related policies on behalf of the shareholders or stakeholders of the company. That being said, it is crucial for the act or decisions made by the board of directors being fair in both shareholders and companys interest as failing to do so might cause unbeneficial decisions that could jeopardize the companys goodwill and performance.OBLIG

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