IS PM3_2024

Owners & agents risk assessment in conflict

Takes the leading role in establishing and modifying the mission, strategy, objectives, and policies. It has a very active strategy committee.

Approves, question, and makes final decisions on mission, strategy, policies, and objectives. Has active board committees. Performs fiscal and management audits.

Involved to a limited degree in the performance or review of selected key decisions, indicators, or programs of management

Formally reviews selected issues that officers bring to it's attention

Permits officers to make all decisions. It votes as the officers recommended on action issues

Never knows what to do, if anything no degree of involvement

Elements or groups that directly affect a corporation and are affected by it

Socialcultural forces

Political-legal forces

Technological forces

Economic forces

The inclusion of a corporations employees on it's board of directors

Changes agents through vision for change

Type of strategy

An organization skilled at creating, acquiring, and transferring knowledge and modifying its behavior to reflect new knowledge and insights

Demands long-term commitment to development of critical resources & Demands firm become a learning organization

Purpose/reason for organization Promotes shared expectations Communicates public image Who we are; what we do; what we aspire to

Development of long-range plans for effective management of opportunities and threats in light of corporate strengths and weaknesses

Strength — Weakness Opportunities — Threats