Boards have ultimate responsibility for ensuring and evaluating the long-term health of the organization. They help fulfill this duty through strategic thinking, identifying goals through strategic planning and authorizing the appropriate allocation of resources through the adoption of financial policies, budget review and approval and monitoring management’s progress toward strategic goals. This course teaches directors how to participate effectively in strategic thinking and planning processes.
KEY TOPICS
- Understanding the difference between strategic thinking and strategic planning
- Analyzing your cooperative’s strengths, weaknesses, opportunities and threats
- Recognizing the board’s oversight responsibility
- Using the strategic plan in the annual evaluation of the cooperative’s accomplishment and as the foundation of the CEO’s performance appraisal
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