STRATEGIC MANAGEMENT(LL)
STRATEGIC MANAGEMENT(LL)
4th Edition
ISBN: 9781260539929
Author: Rothaermel
Publisher: MCG
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Chapter 2, Problem 1ESI
Summary Introduction

To determine: The advice to the managers of Company B to rebuild their relationship with stakeholders.

Introduction:

Strategic management refers to formulating and implementing the way to achieve the goals by considering available resource and the internal and external environment. It will be framed by the top management on behalf of an organization.

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QUESTION 2 a. Differentiate between unitary (single-tier) and two-tier board structures. (10 marks) b. Evaluate the structure you think would be more effective in the governance of companies. (15 marks)
Case Study The composition and role of boards. The board of directors is the corporation's governing body. By law, the board is vested with the authority to manage the corporation's business and affairs, and the board's members have a fiduciary responsibility to act in the best interests of the corporation and its shareholders. Boards are thus collegial bodies in the traditional sense that their members share authority and responsibility, and have both individual and collective accountability. Boards typically delegate much of their authority to an executive team that carries out the day-to- day operations of the corporation's business. However, some board duties cannot be delegated, and boards vary widely in the extent of their involvement in the business. The board's core functions typically include selecting, monitoring, advising, and compensating the chief executive; monitoring the company's financial structure and declaring dividends; deciding on major transactions and changes in…
6. Describe the need for financial reports for the following stakeholders. a. The Community b. Creditors
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