How Strategic Is Your Board? Case Solution And Analysis, HBR Case Study Solution & Analysis of Harvard Case Studies

In a competitive world where competitors emerging daily basis and business models reshaping them rapidly, strategic thinking gets more importance and becomes most essential for survival of a company. The authors argue that when it comes to establish the strategic role that supports their company best, boards of directors find no easy way to adopt a proper model, though. The leadership role requires responsibility fulfilling company’s legal and cultural requirements if it is home country, as well as the nourishment of industry. Furthermore, the board is responsible to contribute according to the needs of the company and its sector. The board of a long-establish company often needs to cope with fewer strategy issues than the board of a newly-established company. According to author’s point of view 1. Companies should define strategy in various manners, in accordance with their status in an industry and nature of their work in industry. Many times boards fail simply because they unable to define the true measures of competition or blur their main focus (A definition of Strategy). 2. The coauthors of company’s strategy plan preside the strategy establish by board’s strategy advisors (The Role of The board). 3. The context and situation under which company goes with is depended by board’s share in strategy (The Context of the Company). If company exists in a market where very simple and dynamic in underway, the board is perhaps being well comfortable to stay distant and largely go quite to strategic questions. In some other words, although a board has the choice to have a strong approach to strategy development. These three points and collaboration among them will lead board’s responsibilities for taking a tough decision. Though, the authors found analyzing the three variables in depth may assist define how an available board can make better strategy in the company’s interest.