The Minority Enterprises Harvard Case Solution & Analysis

CEO, its activities& Role BOD
The Chief executive officer is responsible for the maintaining the communication between the broad of directors and the management. Indeed, a CEO has many responsibilities within the organization and outside of the organization. He/she is supposed to understand the strategic directions of the market and lead the company in such a direction that would benefit the company in longer-term rather than short-terms. Therefore, the role of the CEO is everywhere in the organization from management to the sales department, and from the production department to the marketing departments, and from operations management to the finances and accounting of the company.
Meanwhile, it can be determined that the minority enterprise is not for profit company in the Northwest region. Indeed, it has been providing multipleservices to business owners, small traders, and entrepreneurial enterprises. The Minority enterprises provides services such as supporting the entrepreneurial enterprises that has just started in the market, providing marketing, accounting, finances, and legal assistance to the these new businesses in the market and helping them to groom in the market.
The Minority Enterprises Harvard Case Solution & Analysis
Meanwhile, the CEO’s role is very important in the company either it be for a profit company or not for profit company. Because, the operations of both companies are same, but the intention is different. However, it can be determined that there are some of the fiduciary duties that board of directors has to follow. Indeed, the CEO is hired, and selected by the board of directors over approval from the all existing directors. So, the CEO communicates between the management and the board of directors. The CEO maintains communication between those two parties and takes care that investor’s interest is the first priority, and that there is no conflict of interest between the interest of the management and the investors.
On the other hand, the fiduciary duties of board of directors is to be loyal, care, and disclose. Meanwhile, the board of directors are elected by the shareholders votes, and it is their duty to use the power given to them in interest of the shareholders, and ensure the going concern of the company. On the other hand, it can be determined that there are some complications in managing the conflict of interest that CEO and management might have, because the CEO is always belongs to the management. He is accountable to the BOD for the actions, objectives and goals given to him on the yearly basis.
Consequently, increasing complexities in the market is due to the increasing competition in the market, but it can only be applied over the company that is for profit. So, as far as the minority enterprises is considered it is not for Profit Company. But, still the responsibilities of the CEO are same to lead the organization, and create value for shareholders. Therefore, the increasing complications has emphasized over the use of strategic management, and set strategic directions of the company...............

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