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Questions # 41:

Which of the following best describes the purpose of Michael Porter's Five Forces model?

Options:

A.

To examine the macro environment to identify any triggers for change.

B.

To examine the internal environment to identify the strengths and weaknessness of the business which can be used to gain competitive advantage.

C.

To indentify the profit potential from the industry to determine whether to enter or remain in the industry.

D.

To analyse the stakeholders of the business and their power and interest in order to manage them effectively.

Expert Solution
Questions # 42:

Many companies use Critical Path Analysis (CPA) to manage projects.

 

Which TWO of the options below could be identified from a CPA diagram? 

Options:

A.

The activities which need to be completed before the next activity can start.

B.

The resource usage variance for each activity.

C.

The activities which can't overrun without delaying the whole project.

D.

The probable time for each activity.

Expert Solution
Questions # 43:

The Project Management Institute's 5 project management process areas identifies that five stages apply in project management. Place the relevant stage against the appropriate description.

Question # 43

Options:

Expert Solution
Questions # 44:

Meredith Belbin carried out some notable research which concluded that successful teams need a good balance of complementary roles and personalities. His work concluded with the definition of nine distinctive roles that people adopt when working together in a team.

Applying this research, place the correct designated Belbin role label against the relevant personal characteristics.

Question # 44

Options:

Expert Solution
Questions # 45:

The difference between the latest event time and the earliest event time in a project network analysis is referred to as:

Options:

A.

Critical Activity

B.

Float

C.

Critical Path

D.

Node

Expert Solution
Questions # 46:

JJ is the project manager implementing a new software system in the customer services department of a large manufacturing organisation.

 

As part of the new ways of working, JJ is introducing changes to the working hours of the customer services team.

 

The customer services team is not happy with the changes and is complaining that it does not report to JJ, so why should it have to adapt its working hours.

 

This is an example of:

Options:

A.

Triggers for change

B.

Resistance to change

C.

Tolerance of change

D.

Acceptance of change

Expert Solution
Questions # 47:

Porter's Diamond model suggests that there are four factors which determine national competitive advantage.  The four are listed below. Which has the incorrect definition?

Options:

A.

Factor conditions: includes the availability of raw materials and suitable infrastructure.

B.

Firm strategy, structure and rivalry: if the home market is very competitive, a company is more likely to be world class.

C.

Demand conditions: the goods and services have to be demanded internationally.

D.

Related and supporting industries: these allow easy access to components and knowledge sharing.

Expert Solution
Questions # 48:

The role of competitor analysis, according to Wilson and Gilligan is threefold.

 

Which of the following does NOT apply?

Options:

A.

To generate insights into competitors' past, present and future strategies.

B.

To provide in-depth understanding about customer preferences which can aid product development and marketing strategies.

C.

To help management understand their competitive advantages and disadvantages relative to competitors.

D.

To give an informed basis for developing future strategies to sustain or establish advantages over competitors.

Expert Solution
Questions # 49:

T is a senior manager tasked with planning the move of the company headquarters from a city centre location to a rural estate location. More than 70 staff will be impacted by the move.

 

T feels confident that the practical aspects of the move have been addressed well but is unsure about the reaction from staff, some of whom may have to move house. He has decided to apply a well known model to analyse the situation.

 

Drivers in favour of change and resisting factors to change are all plotted out on a diagram and then analysed in depth. What is the name of this technique?

Options:

A.

Lewin's Force-Field analysis 

B.

Organization development theory

C.

Human resource strategy/planning

D.

Unfreeze-Change-Refreeze

Expert Solution
Questions # 50:

Which THREE of the following are determinants of national competitive advantage outlined in Porter's Diamond?

Options:

A.

Demand Conditions

B.

Factor Conditions

C.

Related and Competitive Industries

D.

Firm, Strategy, Structure and Rivalry

E.

Firm Infrastructure

F.

Technology Development

Expert Solution
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