1. The impact of globalization and the Internet presents real challenges for corporate strategic planners across the world. What is the impact of globalization and the Internet on the corporate world? Explain the important role of strategic planning in today's competitive business world in light of these two forces?
2. What are the responsibilities of the board of directors? Please provide an example of a board of directors that did not meet its responsibilities.
The answers to the above quizzes must be 300 words minimum with the appropriate reference sources sited.
Wheelen, T. L., & Hunger, D. J. (2010). Concepts in strategic management and business policy (12th ed.). Upper Saddle River, NJ: Pearson Prentice Hall.
//This paper helps the reader to understand the responsibilities of board of directors along with the example related to the board of directors who do not meet their responsibilities. The following section of this paper will discuss the impact of internet and globalization in the corporate world. We will also discuss the importance of strategic planning in the light of these two factors in today's competitive business world.//
Globalization and internet helps in minimizing the communication gap across the world. It also helps in transferring knowledge, information, capital and other resources across the boundaries as internet and globalization diminishes the distance due to which ideas, and other information can be transferred within seconds from one place to another. This facilitates managers to take decisions effectively and efficiently. Internet is available ...
The response addresses the queries posted in 501 words with references.