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Strategists should: Select one: a. Understand the nature of principal-agent and principal-principal conflicts to create better governance mechanisms. b. Develop firm-specific capabilities to differentiate on governance dimensions. c. Understand the rules, anticipate changes, and be aware of differences, especially when doing business abroad. d. All of the above.

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Answer:

d. All of the above.

Step-by-step explanation:

A strategist can be defined as any individual who is knowledgeable, intuitive, brilliant, intelligent in planning the best way to achieve aims, goals and overwhelming success in a particular task or area. They are very good at strategizing the best way to gain advantage in real life situations.

Generally, a strategist should be very good at setting goals, identify the best to achieve these goals and using available resources to execute his plans.

Hence, a strategists should:

a. Understand the nature of principal-agent and principal-principal conflicts to create better governance mechanisms.

b. Develop firm-specific capabilities to differentiate on governance dimensions.

c. Understand the rules, anticipate changes, and be aware of differences, especially when doing business abroad.

Also, a strategist should use his knowledge about corporate governance in answering the four (4) fundamental questions in strategy, which are;

- Why are we (organization) here?

- What do we (organization) stand for?

- Where are we heading (mission and vision)?

- How do we get their (goals)?

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