1. What are the roles of the board of directors in Stev

Added on - Sep 2019

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1. What are the roles of the board of directors in Stevenson Industries?The roles of the board of directors in Stevenson industry are to establish vision, missionand values for the industry. They plan up and pace for the development of industry in future aswell as the current position. They determine and review the goals of the company. They areresponsible for determining the policies of the company. They set the strategies for the futuretargets and amendments. They monitor the criteria so as to be used by the board members. Theyare responsible for communicating with the senior management. They are known to act in placeof stakeholders, they are responsible for the current affairs of the business. Their vision is toachieve an average annual return to the stakeholder. They are the one who plans to exceed theannual sales. They try to become the supplier for low cost by reducing the operating expenses.They strategies to plan operating expenses. They are the members who are responsible for thedevelopmental growth of the business. They all do this by developing their product, handlinglicensing and marketing agreements and many other joint ventures. They spend a long time onthe management and also the query's among the other board members are directed. They alsobuilt product division. Acquisition, sales and direct investment assets are also handled by theboard of directors. Board members strategies for domestic marketing and internationalmarketing. Strengths, threats and future opportunities and goals are all planned and executed bythem. They monitor and evaluate appropriate information for the industry.2. How well has the Stevenson board of directors performed in this situation?The board of directors of Stevenson industry conducted a debate so as to correctify thecurrent situation related to leadership goals. The Stevenson’s industry was not getting positivefeedback from their owners. They focused on making the very much right products to meet thecustomers need. They focused on technology and right customer service; the industry just needed
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