Sample Solution

    Entrepreneurial strategy and corporate governance policies are essential components of an effective organizational structure. Most successful organizations have adopted these strategies and policies in order to ensure the smooth functioning of the organization. The CEO is responsible for implementing such strategies and establishing robust corporate governance principles which will help to strengthen the organization’s performance and effectiveness.

An entrepreneurial strategy entails taking calculated risks in pursuit of long-term objectives, while being mindful of short-term results. It involves developing a vision for success, creating innovative solutions to challenges, managing resources effectively, setting clear goals and timelines as well as motivating employees through rewards or recognition systems. When it comes to corporate governance, this involves ensuring compliance with legal regulations, formulating ethical standards concerning management decisions and Corporate Social Responsibility (CSR), monitoring performance indicators such as financial returns on investments or customer satisfaction levels, encouraging employee participation in decision making processes etc. The CEO is responsible for setting a direction that aligns with the organisation’s mission statement whilst at the same time allowing for flexibility so that changes can be made quickly when necessary without negative consequences on operations or financial stability. This means maintaining transparent communication channels with stakeholders about company objectives; engaging actively in problem solving initiatives; promoting innovation through research & development initiatives; embracing technology advances where appropriate; seeking out opportunities from external sources such as venture capital firms or start ups etc., all of which will contribute towards achieving long term organisational goals and performance levels. Establishing sound principles around corporate governance is also critical . The CEO should implement frameworks designed to promote good leadership skills amongst managers , reinforce accountability among team members , ensure proper utilisation of resources , protect stakeholder interests & create an environment conducive to high productivity levels . Transparency & disclosure guidelines should be followed diligently ; internal checks & balances should be put into place ; board meetings must be held regularly ; standardised operating procedures need to be created & enforced ; whistle blower protection mechanisms should exist etc - all these things will help foster a culture based on trust , integrity & respect within the organisation . At the end of day , when it comes down to it - what matters most is how well strategic plans are executed by those within an organisation who are empowered by their leader – ie:the CEO –to bring them into fruition . A strong sense of ownership among staff needs to be fostered so they take responsibility over delivering outcomes instead of just working mechanically towards meeting targets set from above . Also building networks outside your own industry domain often leads fruitful dividends down track due its ability open up new perspectives on business problems not previously considered before together with potential collaborations opportunities between entities that would not have been possible otherwise . All this requires significant investment from leadership in terms effort invested over time but carries significant rewards if done right . In conclusion , leading organisations across sectors rely heavily upon well defined entrepreneurial strategy coupled with sound corporate governance policies established by its chief executive officer (CEO) if they truly wish enhance their organisational effectiveness along with overall performance levels ultimately leading collective success achieved by both employees company alike