What types of plans and decisions most likely require board of director involvem

Question

What types of plans and decisions most likely require board of director involvement, and why? What types of decisions and plans are not appropriate for board involvement, and why?

Tell about a time when an organization was not able to fully achieve all of its goals simultaneously. Why did this occur? Is complete realization of all goals impossible for an organization? Why or why not?

Describe the process that an organization follows when using a deliberate strategy. How does this process differ when an organization implements an emergent strategy?

Assume that you are the owner and manager of a small business. Write a strategy for your business. Be sure to include each of the three primary strategic components.

Explanation / Answer

1(a). What types of plans and decisions most likely require board of director involvement, and why?

1(b). What types of decisions and plans are not appropriate for board involvement, and why?

2(a). Tell about a time when an organization was not able to fully achieve all of its goals simultaneously. Why did this occur?

One such incidence is when Reebok failed in its Corporate Governance. Reebok faced allegations due to the former Managing Director (in 2012) who was blamed for falsifying balance sheets by creating dummy buyers, selling merchandise to them and again getting them back to the warehouses. This led to several allegation by three different agencies as well as a ‘Bad Debt’ was claimed by the Income Tax Department.

This occurred because Reebok lacked transparency in the then governance across subsidiaries. It was observed that as Reebok expanded globally, even after hierarchies were established successfully but there was no centralised authority in their business model to keep a check & ensure corrective measures across all subsidiaries. This led to subsidiaries acting as stand-alone independent authorities thus, leading to Reebok’s failed attainment of all goals simultaneously.    

2(b). Is complete realization of all goals impossible for an organization? Why or why not?

The complete realization of goals of an organization needs the true and honest efforts of all stakeholders of the organization. There should always be a central authority which keeps a check on the same. This is why the need of Boards emerged.

Thus, if all stakeholders contribute effectively and are always positively governed & directed by a central authority called The Board, complete realization of all goals is always possible for any organization.

3(a). Describe the process that an organization follows when using a deliberate strategy.

‘Planning first then acting upon it’ – this is the essence of a deliberate strategy. The process followed when using a deliberate strategy is as follows:

3(b). How does this process differ when an organization implements an emergent strategy?

Emergent strategy is the strategy that the organization arrives at in the course of and due to the business they’re involved in. Thus, emergent strategies need to developed & implemented faster since the best possible solution is already encountered.

4.Assume that you are the owner and manager of a small business. Write a strategy for your business. Be sure to include each of the three primary strategic components.

(Following is an example of a sales & distribution business for fmcg)

The strategy for the Business including each of the three primary strategic components is as follows:

For example, say. COURSE CHOSEN : Creating a unique proposition of supplying stocks

(Like: The business has a unique proposition of supplying goods to both e-commerce stores as well as brick & mortar stores)

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