MBA 5101 Unit 1 Assessment Q1.docx - MBA 5101 Unit 1 Assessment Question 1 What are the responsibilities of top management and leaders in relation to

MBA 5101 Unit 1 Assessment Q1.docx - MBA 5101 Unit 1...

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MBA 5101 Unit 1 Assessment Question 1 What are the responsibilities of top management and leaders in relation to corporate governance and strategic planning? What are the benefits of strategic management? Top Management Structure in Corporate Governance Chief executive officer- hires executive management team and appoints strategic planning committee. Executive management team- runs the daily activities of the operation of a business to include: marketing, sales, finance, human resources, legal and production. Responsible for monitoring and collecting data to present to the subcommittees(board of directors members) to promote an understanding of the performance progress. Designs a strategic plan based on the company’s objectives and goals. Strategic Planning Committee- made of middle and functional managers which provide training and advice for individuals falling under their departments of guidance. There are many benefits when using the strategic management model.
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  • Spring '10
  • Vaughn
  • Management, strategic planning committee

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