3 Analyse the roles and responsibilities of directors in a business. [6]

[Talha Asim]

[KN] Directors can formulate & monitor business strategies[an] since directors are the general heads they are in charge of supervising the managerial team and indirectly head the projects[an+]this will help in direct intervention of the directors where they can take over and guide in times of needs

[KN] Identifying possible risks & make policies /take actions to tackle them[an]another important task of directors is to analyse business problems and solve them accordingly by initiation of different policies [an+]this can not only help to stay in trend but i also result inn people won rvrn thinkn sbout it

[Humzah Zafar]

[KN] Directors can formulate & monitor business strategies
[AN[They are the head of business projects and they supervise workers on projects etc
[AN+]This can help to maintain quality standards as there is direct supervision by the managers.sustained quality can lead to better brand image

[KN] Identifying possible risks & make policies /take actions to tackle them.
[AN]as risks are identified production process becomes more efficient
[AN+]This increases productivity for the business and product quality is improved

[Abbas17]

[KN] Directors can formulate & monitor business strategies
[AN] thus this will help the company set clear goals to work for,
[AN+] hence this ensures adaptability and increases the chances of the company's long-term success.

[KN] Identifying possible risks & make policies /take actions to tackle them.
[AN] thus this will ensure a more safer work environment
[AN+] and due to that the company will be able to handle potential risks to come in the future more easily.

[khadija nasir]

[kn] Directors can formulate & monitor business strategies
[an] according to the best decisions regarding the businesses sustainability
[an+] in order to gain profits whilst acheiving the business objectives

[kn] Identifying possible risks & make policies /take actions to tackle them.
[an] to solve problems which may arise that could be of any harm toward the business
[an+] in order to not damage the business in any way

[hafsa kashif]

[KN] Directors can formulate & monitor business strategies
[AN] it is their main aim to set achievable goals and objectives which workers are able to do in order to have successful business growth
[AN+] which will increase market share and cause brand visibility due to expansion being successful

[KN] Identifying possible risks & make policies /take actions to tackle them.
[AN] it is their job to identify market trends and competition and take effective action immediately so they can stay ahead a
[AN+] leading to customer satisfaction and advantage against competitors

[Huma Junaid]

[KN] Directors can formulate & monitor business strategies
[AN]They keep an eye on the company's financial health, making sure that their investment is being used wisely.
[AN+]hence taking long term decisions accordingly

[KN] Identifying possible risks & make policies /take actions to tackle them.
[AN]leading to smooth operations
[AN+]low cost of production

[Shanze Hussain]

[KN] management of stakeholders and representation
[AN] they act as the representatives of the organizations stakeholders, employees, customers and the community
[AN+]they also provide oversight to safeguard the interests of shareholders and stakeholders

[KN]strategic decision making
[AN]they are responsible for making high level decisions that align with the company's vision and goals.
[AN+] they analyze market trends, assess risks and make critical decisions to drive the long term success of the business

[Soha Hussain]

Q3 Analyse the roles and responsibilities of directors in a business. [6]

[KN] Directors can formulate & monitor business strategies
[AN]thus efficient and strategic decisions are implemented, leading the business towards success
[AN+]thus the business can aim towards expansion and growth

[KN] Identifying possible risks & make policies /take actions to tackle them.
[AN]the most important skill a director requires if problem solving, to prevent any mishaps in the business
[AN+]thus efficiency is ensured along with less errors [meaning less wastage(eco-friendly processes)]

[Kumail Alvi]

[KN] Directors can formulate & monitor business strategies.
[AN] The directors are in charge of establishing the company's overarching vision and mission. Directors set up metrics and key performance indicators to track how well the business is doing in accomplishing its strategic goals. This entails routinely going over and evaluating operational and financial data.
[AN+] By determining the company's overall strategic direction, allocating resources, and continuously assessing and modifying strategies to guarantee the organization's success in a changing business environment, directors play a crucial role in the strategic management process.

[KN] Identifying possible risks & make policies /take actions to tackle them.
[AN] There are many different sources of risks, such as unanticipated events, external factors, internal processes, and regulatory changes.Ascertain that every employee is informed about the hazards that have been identified, the policies that are in place, and the appropriate course of action. Establishing a risk-aware culture within the company requires both training and good communication.
[AN+] Directors may proactively manage uncertainties, reduce potential negative effects, and improve their overall resilience by methodically identifying risks, creating thorough policies, and putting action plans into place. This strategy helps the company accomplish its goals in a changing and dynamic business environment and successfully navigate obstacles.