A board needs to be informed about:

.The external environment; to antici-pate changes in markets, technologies, deregulation, currencies and the like.
*Competitive strategies of traditional and non-traditional competitors — joint ventures, industry alliances, industry consolidation and blurring of industry boundaries.
*Company strategy — its good and weak points.
*The company’s critical people (information not easily available).
*Resource deployment — including human resource management.
*Execution issues — what do we have to do well to succeed? What problems do we face?
*Customer satisfaction quality.
*The business model — how do we make money in this business?
*The risks and opportunities — what’s working well and not working well in operations and the marketplace.
“When directors are informed about key points in each of these areas, they get sense of the company’s overall health, its greatest challenges and the areas of opportunity and vulnerability. Then they can let their incisive and discerning questions and common sense apply,” says Charan.

Visited 13 times, 1 visit(s) today

Forming partnerships with Māori business

Broadcaster and journalist Mike McRoberts (Ngāti Kahungunu) will be speaking to directors and the business community at an Institute of Directors’ event Te Ōhanga Māori: Connecting with the Māori economy.

Read More »

How to overcome remote onboarding challenges

First impressions matter and employees’ early experiences heavily influence staff retention, productivity, and overall success. Shannon Karaka outlines eight actions to help improve remote employee onboarding in your organisation. A

Read More »

New CEO at Phoenix Recycling Group   

Phoenix Recycling Group has appointed Phil Hand as its new chief executive officer. The company says Hand brings a wealth of knowledge from New Zealand and Australia’s manufacturing and primary

Read More »
Close Search Window