Please write 3 different pages of What Is Strategy and Why Is It Important? and what the “upper” echelon do and what is the role of the Board of directors?What Is Strategy and Why Is It Important?The five (5) tasks of strategic management are clear:- Develop a strategic vision and business mission;- Setting objectives;- Crafting a strategy to achieve the objectives;- Implementing and executing the strategy; and- Evaluating performance, monitoring new developments, and initiating corrective action.But, who does strategy — the CEO? Only the CEO? The upper echelon? Line Department Managers? Staff Department Managers? Operational Unit Managers? Or, does everyone do it??? And what do they do??? Mention long-term and short-term in your response. In this regard, what is the role of the role of the Board of Directors — should they be very involved (overly involved)? Or, should they rubber-stamp everything that management puts forth? What does Sarbanes-Oxley say about Board involvement?Note, our PowerPoints include some special issues about strategy, including:Strategy is about asking the right questions:What must managers do, and do well, to make a firm a winner in the marketplace?Strategy requires getting the right answers:Good strategic thinking and good management of the strategy-making, strategy-executing process.First-rate capabilities and skills in crafting and executing strategy are essential to managing successfully.Is that all that strategy is about???Take a piece of this intro and “run” with it! Use some real-life examples — use Google, if necessary — discuss your job; discuss your former job; what about the job(s) of your parent(s); or anyorganizations that you’ve read about; etc., etc., etc.!View the slides again from Chapter 1 and other articles, books, and slides; read the chapter core concepts; read the chapter outlines; and, of course, read the chapters.- First page What Is Strategy and Why Is It Important?- Second page what the “upper” echelon do?- Third page what is the role of the Board of directors?
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