10 Questions
What is one of the primary responsibilities of the board?
Ensure the strategic guidance of the company
What do directors consider to be their most important responsibility?
Strategic planning and oversight
What are the four steps involved in strategy development and oversight?
What is the Higgs Report's recommendation for directors?
Constructively challenge and contribute to the development of strategy
Who holds the copyright for the material?
David F. Larcker and Brian Tayan
Which of the following is NOT a recommended responsibility of the board according to the OECD?
Considering strategic planning and oversight as their most important responsibility
According to the NACD survey data, what do directors consider to be their most important responsibility?
Constructively challenging and contributing to the development of strategy
What is the primary focus of the Higgs Report's recommendation for directors?
Constructively challenging and contributing to the development of strategy
What is the recommended first step in strategy development and oversight?
Defining the corporate strategy
What is the recommended second step in strategy development and oversight?
Developing and testing business
Test your knowledge on organizational strategy, business models, and risk management with this quiz! Designed by Professor David F. Larcker from Stanford Graduate School of Business, this quiz covers topics such as strategic development and oversight. Challenge yourself and see how well you understand these important concepts in business.
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