Executive Leadership Management Practice

EXECUTIVE LEADERSHIP AND MANAGEMENT PRACTICE

Table of Contents
1.0 Introduction.............................................................................................................3
2.0 Question 1..............................................................................................................3
2.1 Role of Governance: Generic..............................................................................3
2.1 Role of Governance: Specific..............................................................................4
3.0 Question 2..............................................................................................................6
3.1 SWOT..................................................................................................................6
3.2 Porter’s 5 Forces.................................................................................................8
3.3 PEST...................................................................................................................9
3.4 VRIO..................................................................................................................10
3.5 Balanced Score Card (BSC).............................................................................12
4.0 Recommendations................................................................................................14
4.1 Solutions or Changes 1.....................................................................................14
4.2 Solutions or Changes 2.....................................................................................14
4.3 Solutions or Changes 3.....................................................................................15
4.4 Solutions or Changes 4.....................................................................................15
5.0 Conclusion............................................................................................................15
References.................................................................................................................16
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1.0 Introduction
The assessment of strategic positioning of a business may be considered to be one
of the most significant aspects of the business studies as the process of evaluation
of such strategic positioning and planning may involve consideration of several
factors affecting the operations of the business (Pfeffer & Khan, 2018). In the present
report, a hypothetical company, based on a given case study, has been identified for
which corresponding strategic planning approach has been identified and discussed
in details in the subsequent sections of the paper.
2.0 Question 1
2.1 Role of Governance: Generic
Importance of sound corporate governance cannot be undermined in a business
context especially from the viewpoint of its long-term sustainability
Direction
The direction or the board of director is one of the most Critical Success Factors
(CSF) in successfully managing the operation of a business. An efficient board
supported by efficient leadership significantly contributes towards the success of the
business for the long term (Rothaermel, 2016). As per the concept of agency theory,
Board is generally appointed by the owner groups and therefore they act in their
fiduciary capacity and as an agent of the stockholders. Therefore, their vested
interest of should not creep up in executing strategic planning of a business and that
should be e a focal point for creating an ethical framework for a business for its long-
term sustainability by the management (Bosse & Phillips, 2016).
Risk
Risk management is extremely dependent on strong governance and the policy
manual of a business should incorporate a sound risk management approach. Within
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the policy manual, risk management strategies may need to be specified and it may
be observed that the separate risk advisory committee is required to be formed
under the regulated guidelines and directives so that the contingencies may be
avoided to smoothly run the show as well (Rothaermel, 2016).
Financial
It is known that the audit committee looks after the finalization of books of accounts
and thereby the shareholder communication and stakeholder management as well.
The financial health of a business largely depends upon strong governance as any
less informed or inefficient strategic decision may adversely affect the profitability,
liquidity and solvency of the business which, in turn, may contribute towards
subsequent risk for the business (Nor, Naimi & Ishak, 2017).
Legal
Compliance is another critical issue which needs to be addressed by the
management with utmost care and precaution. Any contravention with the
established regulatory guidelines may attract several consequences in terms of
penalties, prohibition, cancellation, withdrawal etc. On the contrary, a complaint
business enables the management to garner reputation and establish brand value in
the competitive market for the long-run (Ojo, 2016).
2.1 Role of Governance: Specific
In the case of a given company, Nutri-Nut, it may be stated that the role of
governance is extremely crucial for its future growth and sustainable development for
the long-run. The given case study shows that the company has been gradually
building up its strong foothold in the given industry and gradually the growth path of
the business has been uprising for the last few years. It is needless to mention that
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