What are the individual qualifications, and factors to consider when selecting Board of Director members?

What are the individual qualifications, and factors to consider when selecting Board of Director members? Discuss in detail how the board of directors as a whole benefit an organizations growth and competitiveness in the marketplace?

 

Explain Goal displacement! Describe two types of goal displacement. Define each and give examples of how and why this occurs in a business.

 

 

The Board of Directors (BOD) has an important role in establishing, role-modeling, and monitoring the ethical standards and behaviors within their organization. Describe the circumstances that would cause BOD members to have a more active participation role and serve as a catalyst for change for an organization. Explain how responsible you believe a Board of Directors should be if a firm is found to practice unethical behavior,

 

Describe the importance synergy can play when a firm acquires another firm to the bottom line of the parent company. Give specific detailed examples how companies can achieve successful synergy.

 

 

Identify the two basic strategies for growth. Discuss each of these basic growth strategies in terms of the areas of focus. At what point in a company’s evolvement would diversification be considered a viable strategy?