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.

d. All of the above.

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)?