Good Essay On Finding The Right Board Of Directors

I will recommend a mix of both employees and outsiders to join the board of directors. The expansion of Hedini’s business to the mainland means that the company will encounter people with diverse cultures and lifestyles. It will be a big mistake to incorporate only local employees into the board of directors because they will not be able to deal with foreign issues. The board of directors needs to comprise of people who understand the cultures of other regions so that they can bring ideas that will enable the business to succeed in the other places of business.
Companies such as Coca-Cola have succeeded globally because they have incorporated people who belong to other regions into the company. The consumers will be more willing to buy the products of a new company if they see that their own people have been offered employment positions in the company. The hiring of outsiders also enables the company to quickly gain an insight into the culture of the consumers. The knowledge of these norms and practices will enable a business to customize its products to suit the needs of the people.
Hedini’s business will benefit a lot if he adds outsiders to his board of directors because they can supply him with information about the raw materials available in the mainland. The current success of Hedini’s business is attributable to the use of dyes made from red dirt and lava rock that are found locally. He will need to learn about the materials that are available on the mainland so that he can utilize them to make other designs of T-shirts. Such actions will enable Hedini to save on costs, and also to expand his product line.