Strategic Planning in the Small Business

Unit 6

TP 6-7

COMMON

OBJECTIVES

FOR THE

BOARD

OF DIRECTORS

* Legal

requirements

(organization)

* Window

dressing

(public relations)

• Stockholder/stakeholder

involvement

*

Networking

(access to capital/markets/agencies/

people)

*

Strategy/policy

formulation

* Independent

assessment/review/audit

*

Management

continuity

and succession

* Specialized

expertise

(financial/international/

technical)

*

Innovation

(new venture/product

development

and

expansion)

* Arbitration

(family members/multiple

owners)

* Crisis

management

• Committee
  assignments

Ford, Rogei
H. Boaras of Directors
and the PrivatelyOwned Finn

• A Guidefor Owners, Officers,
  ard Directors. Tab.
  3.1 p. 36. Copyright

Quorum,

192. Reproduced with
     permission of Greenwood Publishing
     Group, Inc. Westport,
     CT.

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