I have learned that strategy involves balancing the interest of the company stakeholders, including management, employees, suppliers, customers, and the community, directed towards delivering value to the shareholders or owners of the business. Its intended to enhance business financial health, growth, and success of the business overtime
its true that strategy is an element of corporate governance framework because it also comprises contracts between the organizations and its stakeholders defining distribution of rights, responsibilities and benefits, procedures for resolving conflict regarding the relationships in the organization and a system for checks and balances to exercise control and enforce accountability. Corporate governance issues arise from the deliberate deviations from the stated contractual structures, framework of rules, procedures and practices and the variances in the framework of contracts between the organization’s stakeholders and the managers. The stated contractual structures, framework of rules, procedures and practices defines the distribution of rights, responsibilities, benefits, procedures for resolving conflict regarding the relationships in the organization and a system for checks and balances to exercise control and enforcement of accountability
Thanks is really a very great lesson to me about strategy framework
I have learned that strategy involves balancing the interest of the company stakeholders, including management, employees, suppliers, customers, and the community, directed towards delivering value to the shareholders or owners of the business. Its intended to enhance business financial health, growth, and success of the business overtime
its true that strategy is an element of corporate governance framework because it also comprises contracts between the organizations and its stakeholders defining distribution of rights, responsibilities and benefits, procedures for resolving conflict regarding the relationships in the organization and a system for checks and balances to exercise control and enforce accountability.
Corporate governance issues arise from the deliberate deviations from the stated contractual structures, framework of rules, procedures and practices and the variances in the framework of contracts between the organization’s stakeholders and the managers. The stated contractual structures, framework of rules, procedures and practices defines the distribution of rights, responsibilities, benefits, procedures for resolving conflict regarding the relationships in the organization and a system for checks and balances to exercise control and enforcement of accountability