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The resources needed to support operations and implement strategic initiatives can far surpass those available. What is the role of the board in establishing organizational priorities? How do you know which winning ideas are worth pursuing now? How can an organization tackle ambitious plans while ensuring that operations stay on track?
Answer
Role of the board in establishing organization prioritiesThe board plays a vital role in establishing organization roles within an organization whenever the resources needed to support operations and implement strategic initiatives can surpass the available ones. Using previous data, the board can be able to determine the kind of priorities that should be considered in the organization. Besides, they can evaluate, analyze and forecast outcomes from the organizational operations. Keeping in mind the structure and design of the organization, the board can prioritize activities that meet the objectives of the organization without jeopardizing other operations. However, the leadership of the board is structured to meet the needs of an organization efficiently (Price, 2018). Therefore, to incre...
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