IGCSE, A Level Business Student Forum

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

---
Possible Structure
[KN] Directors can formulate & monitor business strategies
[AN]
[AN+]

[KN] Identifying possible risks & make policies /take actions to tackle them.
[AN]
[AN+]

[KN] Decision making of business
[AN] Directors are involved in major decision making process for example the goals and targets business that have to be achieved
[AN+] thus director would be motivated as he would be kept apart of the firm for efficient decision making process

[KN] Financial Oversight
[AN] Directors are involved in financial decision making and oversight and they approve budgets, financial reports, and major financial decisions,
[AN+] thus safeguarding the financial health and stability of the company.

[KN] Strategic leadership
[AN] Directors play a vital role in shaping a company's future. They help set long-term goals, analyze market trends, assess risks, and make informed decisions for sustainable growth.
[AN+] This strategic guidance ensures the organization stays competitive and adapts to changes.

[KN] Corporate Governance
[AN] Directors uphold corporate governance, ensuring ethical, transparent, and legal operations.
[AN+] They oversee financial reporting, internal controls, risk management, and decision-making, fostering trust among stakeholders for responsible business practices.

kn directors can formulate & monitor business strategies
an and identify risk easily
an+ and they can use the right straighty atbthe right time and save busieness from a risk
kn

[KN] Directors can formulate & monitor business strategies
[AN] directors will set the aims and targets of the business and will observe the market trends and make decisions accordingly
[AN+] Thus through this the business will stay competitive and can counter changes in markets

[KN] Identifying possible risks & make policies /take actions to tackle them.
[AN] directors make decisions on what the targets will be of the business and how to achieve them
[AN+] this makes directors responsible for business practices like decision making.

[KN] Directors can formulate & monitor business strategies
[AN] business direction
[AN+] stable growth

[KN] Identifying possible risks & making policies /take action to tackle them.
[AN] safer and more controlled environment
[AN+] more room for idea generation

(kn)Directors can formulate & monitor business strategies
(an) they assist and approve projects leading to faster decision
(an+) leading to continuous growth
(kn)identifying possible risks & make policies /take actions to tackle them
(an) making the business avoid future huddles
(an+) leading to less stressful environment

[KN] Directors can formulate & monitor business strategies
[AN] Directors are involved in decision making process for example assisting in making projects.
[AN+] This would lead towards growth of a business.

[KN] Identifying possible risks & make policies /take actions to tackle them.
[AN] This means that there would be less chances of error in the business.
[AN+] This would lead towards increase in efficiency.

[KN]: Directors can formulate and monitor business strategies
[AN]: The directors are required to make decisions for the business and approve other necessary objectives for a smooth operation of the business
[AN]: It encourages business growth and expansion

[KN]: Identifying Possible risks and make policies/take actions to tackle
[AN]: Problem skill is the most important factor required in directors to keep the business stable
[AN]: It would allow for troubles to be solved quickly and not cause a fall in output

[KN] Directors can formulate & monitor business strategies
[AN] They would make an aim and target for the business to achieve
[AN+] This would give a sense of direction to the business towards its aim

[KN] Identifying possible risks & making policies /taking actions to tackle them.
[AN] Whenever a problem is faced by the business it is the director's responsibility to make decisions to correct them
[AN+] They are the main ones to take decisions for the business

[KN] Directors formulate & monitor business strategies
[AN]they help business to identify the right business opportunities/objectives according to the stages the business is at  
[AN+] hence less chances of business getting loss on revenue/increased efficiency

[KN] Identifying possible risks & make policies /take actions to tackle them.
[AN] they focus on gettnig the business to the highest level/takeover the market
[AN+] directors identify hudles and help business to take control over them

Decision Making critical decisions that impact the company's operations, finances, and overall success.
Directors are often involved in high-level strategic decisions that define the overall direction of the company. This could include entering new markets, launching new products, or adopting innovative technologies.
This strategic guidance ensures the organization stays competitive and adapts to changes.

Identifying potential risks and developing guidelines or taking action to address [
AN]:The most crucial quality needed in directors to maintain the stability of the company is problem-solving ability 
[AN]: It would facilitate the prompt resolution of issues without delaying production.

[KN] Directors can formulate & monitor business strategies
[AN] This will lead to effective strategic decision-making that ensures the long-term success and sustainability of the business.
[AN+] Thus this leads to the business with an incentive to improve its brand image and hence easily make more sales in the future

[KN] Identifying possible risks & making policies /take action to tackle them.
[AN] Effective risk management safeguards the organization against potential threats and ensures business continuity.
[AN+] Thus because of these policies the business is at a competitive advantage as they have organized all of its policies accordingly

[KN] Directors can formulate & monitor business strategies
[AN]The directors can make decisions regarding the business growth
[AN+] so that the the somehow can achieve the maximum profit .

[KN] Identifying possible risks & make policies /take actions to tackle them.
[AN]Thus there would be less mistake and more professionalism .
[AN+] Which will make business think of ideas for the growth of the business as there is less risk .

[KN] Building an long term effective strategic plan.
[AN] Directors must set achievable goals and objectives which will result in sustainable growth of the business with increased market share.
[AN+] Thus this will act as final touches which will complete the picture of business having successful future.


[KN] Identifying possible risks & make policies /take actions to tackle them.
[AN] Thus this would be cost effective and less time will be wasted, hence in no minute solution will be out.
[AN+] Thus this will improve organizational efficiency and foster future growth.