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Questions # 1:

Communication is a critical element of the Organizational change process. Communicating the change vision is a component of Kotter's eight steps to transforming Organizations.

 

Which of the following statements support Kotter's component 'Communicate the change vision'?

 

Select ALL that apply.

Options:

A.

Ensure the change message and vision are memorable and repeatable.

B.

One-way communication is more powerful than two-way communication.

C.

Storytelling and symbolic actions are unnecessary.

D.

Unaddressed inconsistencies undermine the credibility of strategic communications.

E.

Face-to-face communications improve clarity of message.

Expert Solution
Questions # 2:

LMN is a medium sized Organization which has faced a number of challenges due to the recent economic recession. In the last 3 years, its profits have fallen each year and it has made 10% of its staff redundant during the same period. LMN has a hierarchical structure with formal lines of communication. All of the key business decisions are made by a small senior management team, as the senior managers believe that they have the most experience to make these decisions.

 

LMN has recently hired an external change agent to review its activities and to make recommendations on what it must do to ensure its survival. Having spent several weeks talking to staff and observing the activities and management processes of LMN, the external change agent has made the following recommendations:

1. Reduce the management levels within LMN, as this is limiting its ability to respond effectively to customer demands.

 

2. Allow some of its staff to take part in the decision making process, as much experience and expertise is being overlooked when making key business decisions.

 

Which TWO of the following elements of the Cultural Web will be most affected by the change agent's recommendations?

Options:

A.

Organizational structure

B.

Symbols

C.

Routines and rituals

D.

Power structures

Expert Solution
Questions # 3:

RST is a company specializing in the production of wood-based products. RST has decided to introduce a fully integrated Information System across all divisions in order to improve knowledge sharing throughout the business and enhance customer relationship management.

RST is expecting resistance to the integrated Information System from it's staff who are key to the business and would be difficult to replace. Staff have a good understanding of why the new system and knowledge sharing is needed and how the system will work but many staff are not happy about the potential changes to their working conditions.

Which of the following change leadership styles, as outlined by Kotter and Schlesinger, would be most appropriate for RST to adopt?

Options:

A.

Education

B.

Coercion

C.

Manipulation

D.

Negotiation

Expert Solution
Questions # 4:

Which of the following is NOT a common barrier to group-based collaboration within Organizations?

Options:

A.

Time

B.

Trust

C.

Territory

D.

Teams

Expert Solution
Questions # 5:

CIMA has described the two roles of enterprise governance as 'preventing failure' and 'ensuring success'. CIMA sees 'preventing failure' as being related to having proper risk management and corporate governance procedures in place. CIMA sees 'ensuring success' as being concerned with the practise of strategic management.

 

Which THREE of the following responsibilities of senior management are essential to 'ensuring success' for the Organization?

Options:

A.

Providing leadership and direction to the Organization.

B.

Maintaining awareness and responsiveness to abrupt change in the Organization's environment.

C.

Demonstrating competence in the execution of new initiatives.

D.

Avoiding the dominance of the executive team by particular personalities. 

E.

Ensuring conformance with the codes of corporate governance.

Expert Solution
Questions # 6:

Which of the following is NOT one of the main principles contained within the UK Corporate Governance Code?

Options:

A.

Remuneration

B.

Leadership

C.

Disclosure

D.

Accountability

Expert Solution
Questions # 7:

'Big data' refers to datasets whose size is beyond the ability of typical database software tools to capture, store, manage and analyse.

 

Which of the following statements is NOT a valid statement regarding 'big data'? 

Options:

A.

As technology advances over time, the size of datasets that qualify as 'big data' will also increase.

B.

The definition of 'big data' can vary by sector, depending on the software tools and dataset sizes common to a particular industry.

C.

Sufficient analytical and managerial talent is available to exploit the opportunities associated with 'big data'.

D.

'Big data' will require the right infrastructure, incentives and safeguards to address public concerns.

Expert Solution
Questions # 8:

Company W manufactures marshmallows for sale to supermarkets across Europe. W follows a logical and formal approach to strategic planning. Which of the following are valid stages of such a rational strategic planning model? Select ALL that apply.

Options:

A.

360 degree feedback

B.

Strategic options

C.

Learning curve

D.

Trial and error

E.

Review and control

Expert Solution
Questions # 9:

DDD is a business which sells entertainment products and now wants to move to a position where it uses e-business as a fundamental part of its business strategy.

Which of the following benefits would result from DDD's use of e-business? (Choose all that apply.)

Options:

A.

Cost reductions because of lower overheads and cheaper procurement.

B.

Better control of information through monitoring website activity.

C.

Easier access to loan finance.

D.

An increased use of tacit knowledge.

E.

A reduction in labour turnover and higher morale.

F.

Increased online revenues.

Expert Solution
Questions # 10:

Country W hosts a large music competition every 5 years, which is attended by many international musicians. The success of the competition is dependent upon effective Customer Relationship Marketing being established with many different market groups around the world. These include music colleges who send their students, broadcasting companies who broadcast the event on radio and television, audience members, online ticket sellers and music journalists who write about the competition in specialist journals.

Using Payne's 'Six Markets Model', which of the following is the correct classification for the music journalists writing about the competition?

Options:

A.

Customer market

B.

Supplier market

C.

Referral market

D.

Influence market

Expert Solution
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