Week 2 – Strategic Management What is the role of the governing board in developing a strategic plan? Does it vary by organization, industry, or organization structure?
One of the many reasons for the bewildering and tragic character of human existence is the fact that social organization is at once necessary and fatal. Men are forever creating such organizations for their own convenience and forever finding themselves the victims of their home-made monsters.
— Aldous Huxley
DQ 2.1. Governance
What is the role of the governing board in developing a strategic plan? Does it vary by organization, industry, or organization structure? Does the board review and approve or actually develop the strategic plan?
DQ.2.2. Organizational Structure
What role does governance play in determining the structure of the organization?
DQ.2.3. Fiduciary Responsibility
Research the Sarbanes-Oxley Act of 2002 (Pub.L. 107–204, 116 Stat. 745, enacted July 30, 2002), Richard Scrushy, and HealthSouth. What responsibility does the board hold in monitoring organizational activities, collectively and individually?