Hi Ratna,
I wonder what made them hire you. May I ask your responsibilities that they described before hiring you?
Anyways, its very clear that its an owner driven company. Change can take place but it should be thru a source that can convince the Directors.
I believe that at this point the business handled is quite less, so that they have time to involve themselves in other matters that are not related to their CORE activity
OR
The ability to Manage / or do business is lacking because may be it was a family run Organization. in such situations everyone involve in the matters ogf the business, and they feel that even the smallest thing must be under their control.
OR
They dont have a clear vision for the business, and teh directors are not clera of the respnsibility. They may be thinking of profits, but not profits to be gained...but they are thinking of internal profits :-)
What I could ask u again is...what was the role described to you when you were hired? May I know how many years of experience you possess? What was ur previous experience?
See if you'd have any chances of changing the mindset of the Sr. Management, quitting can be considered a second option. Is there a mentor who frequently discusses with the Directors?
Please understand that this experience will only be a leraning epx for you. Dont be disappointed. Wait for a while and see if the DIrectors are willing to even listen towhat you have got to say - like instead of saying directly that they are involved in checking stationery stock, or oher small things, tell them you will take charge of checking it and take care of administration (these are baby steps to see if they are willing to delegate from the least impt tasks..).
If nothing seems to be going ok, then pls look out for an opportunity with a company that can manage and foster ur creative thoughtss :-)