Periodic review of the strategic planning process

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Reference no: EM132183181

The role of the board of directors in strategic management can vary according to their involvement with management and other people in an organisation. They also play a role in the strategy-making process for the companies and shareholders. Below is some role that performs by these type of boards:

Approval of the corporate budget and resource allocation for strategic investment.

Periodic review of the strategic planning process.

Monitoring the chief executive’s role in the strategic management process.

To trigger a discussion on growth possibilities and alternatives.

Guiding the chief executive in formulating organisation level strategies.

Review of strategy implementation with respect to result or profitability.

Do you agree with these above mentioned or you would say they have more complex decisions to deal with?

Reference no: EM132183181

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