Who is responsible for overseeing the creation and accomplishment of the company mission?

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Study for the UCF MAN6721 Applied Strategy and Business Policy Exam. Use flashcards and multiple choice questions with hints and explanations. Ace your test!

The Board of Directors is primarily responsible for overseeing the creation and accomplishment of the company mission. This governing body plays a crucial role in shaping the strategic direction of an organization by establishing the mission and vision, ensuring that the company remains aligned with its core values and long-term objectives.

The Board is tasked with providing oversight and guidance to top management, ensuring that the company’s initiatives and operations are consistent with the established mission. They evaluate the performance of the organization regularly to determine if the strategic goals are being met and to make necessary adjustments if they are not.

In contrast, while departments such as marketing, finance, and human resources play significant roles in executing parts of the strategy, they do not have the overarching responsibility for defining and overseeing the mission. These departments support the mission through their specific functions, but it is the Board of Directors that provides the overall governance and strategic oversight necessary for the achievement of the company's mission.