Strategic Opportunities and Constraints Faced by the Board and Executive Management

Running Head: STRATEGIC OPPORTUNITIES AND CONSTRAINTS FACED BY THE
BOARD AND EXECUTIVE MANAGEMENT 1
Strategic Opportunities And Constraints Faced By The Board And Executive Management When
Planning The Future Directions Of The Organization
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STRATEGIC OPPORTUNITIES AND CONSTRAINTS FACED BY THE BOARD AND
EXECUTIVE MANAGEMENT 2
Executive summary
Planning for future directions for the organization by every team of management requires
constant planning as well as development techniques. The idea of planning for future directions
of the organization is more than just the collection of different rules as set by the board of
directors and executive management to be followed by every stakeholder. It is the philosophical
scheme to business operations that enhances operations of the organization. This research paper
examines how organizations that have managers with strong operational capacities required to
uphold the dignity. In some cases some of those managers counter critical debit in their
operations. managers can be short of appropriate skills needed to make various decisions in
business. Other managers do lack the much-needed confidence that is necessary to tackle every
aspect in the operations. Most boards, as well as executive management teams of different
organizations, are facing exciting strategic opportunities alongside constraints in the current
century about planning for the direction of operations for organizations. In the globalized
business setting, management team need strategic thinking and only by evolving good corporate
strategies that can make them more competitive in the current competitive business setting.
Introduction
Strategic opportunities faced by different members of the management team of an
organization comprised of a different set of priorities, resources and focused capacity, strengthen
operations that aim at ensuring tar every worker and other stakeholders are capable of operating
to attain a common target. It also ensures that every stakeholder of the organization during the
planning of operations is focused on establishing a firm agreement around the intended results as
well as assess the adjust direction of the organization in clear response to the ever-changing
business environment (Patrakhina, 2015). Strategic opportunities faced by the board and
executive management lie on the disciplined effort that produces significant decisions as well as
necessary actions that shape and guide what the corporation stands for, individuals it serves,
what it does, the reason for during such management operations, and with the concentration on
future planning for its operations. Moreover, it is merging that, despite the significant
enhancement in resourcing within an organization, managements of organizations are still having
huge impacts on the future directions on operations of organizations (Nakauchi & Wiersema,
2017). Therefore, the primary target of this research paper is to examine some of the strategic
opportunities as well as constraints faced by the board alongside executive management when
scheduling prospect directions of corporation.
Critical Analysis and Discussion
Strategic opportunities faced by the board and executive management when scheduling
prospect directions of corporation
Board and executive management have strategic opportunities for designing an
appropriate plan that develops a beneficial situation when planning for prospect direction of
organization. It is expectation of prospect states that enable a team of management to leverage
different strengths and minimize weaknesses in operations (Caldwell & Ndalamba, 2017). Some
of the strategic opportunities that the board and executive management focus on during their
operations comprise of meeting the customer satisfaction, creating a firm relationship between
individuals involved in planning for future directions of the organization, and provision of

STRATEGIC OPPORTUNITIES AND CONSTRAINTS FACED BY THE BOARD AND
EXECUTIVE MANAGEMENT 3
quality products and services. Besides, other opportunities faced by the board and executive
management according to Ike (2016) consist of the use of efficient resources during planning,
focusing on appropriate procedures for development, and having a good team of stakeholders can
improve business operations.
The most important section of the strategy for scheduling prospect directions of
corporation comes with tdeveloped strategic opportunities those priorities to attain the gaps
within the operations. Some of the opportunities present to the board and executive management
in enhancing their operations during planning for future directions of organizations consist of
appropriate utilization of existing spaces (Ogwu, Pimenidis, & Kozlovski, 2018). The efficient
use of available space can enable the planning for future directions to be economical for the
management team to fund. Besides, adaptation to the use of available space in organization can
be useful. It can help in reducing the amount needed to create new spaces for the planning
processes. The other essential strategic opportunity is the need for a management team to
integrate as well as collocate with other services or users (Kerimov, 2016). The idea can improve
the manager in which ideas are shared within the company to improve how different operations
are conducted. The use of new technological techniques and enhanced designs offer a great
opportunity that can help in the process of improving how plans are conducted and enhanced as
per the new vision of an organization.
Setting the clear vision, mission, together with the aspiration
The mission statement in almost all organizations remains to be their overall, enduring
formulation of the reason to why the company exists and what it hopes to be by the effective
planning process. It comprises of the goals that board and executive management desire to attain
as well as outlining how such influencers intend to fulfill them in the process of planning for
future directions (Bacon, 2015). Therefore, presence of clear statement of purpose of a company
helps in improving future directions of its operations. the clear statement in mission of an
organization forms a significant opportunity for every board and executive management in their
operations. The opportunity of having the vision statement has to be briefer and more concise as
it paints the clear picture of what an organization business needs to look like in prospect days,
years, or in the decade or two (O’Shannassy, 2017). These strategic opportunities offer board and
executive management to take time to work through, although they are vital foundations for
creating the appropriate plan out further. Therefore, by making appropriate ideas concerning the
purpose and values of company concrete, management will focus on taking the massive initial
step toward the development of the planning of operations of an organization that can lead
managers to success.
Development of core values
With the existing mission together with vision statement set in place, a leader will next
typically concentrate on crafting statements that deals with core values. The management team
has to focus on core values that are vital principles necessary to offer appropriate guidance to
individuals and workers in their daily and enduring process of making planning operations. The
board and executive management do not generally impose the core values from the top down
onto the organization (Verbano & Crema, 2015). Instead, board and executive management seek
to understand different values in order to improve productivity of workers.