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Discussion
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.
1. How would the board's increased involvement in the selection of strategies affect a firm's strategic competitiveness?
2. What evidence would you offer to support their position?
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Explain how they would motivate managers and employees to implement a new strategy?
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Human Resource Management and Talent Development
In addition to Brazil, Russia, India, and China, identify three other emerging markets that make sense for international business growth. Why?
Discuss the legal and ethical issues surrounding the historic product liability case mentioned in most Business Ethics books as the Ford Pinto case.
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