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Which method of strategy formulation is the Board using?
X Company's Board of Directors uses its expertise to develop future strategies. The Board defines objectives that need to be achieved and then, through formal proactive planning and careful analysis, it selects the most appropriate means to achieve them. Which method of strategy formulation is the Board using?A . EmergentB...
Using the Thomas-Kilman Conflict Mode Instrument, which of the following would be the most appropriate method of resolving the conflict in this situation?
Conflict has heightened between the departments of a textile manufacturer, following a recent decision by the manager of the cloth inspection department to a tightening up of the inspection standards. She insists that the quality of output has to improve if the organisation is to remain competitive. This has resulted...
Which of the following best describes the resource based view of strategy?
Which of the following best describes the resource based view of strategy?A . Carrying out a SWOT analysis to set strategy.B . Recognising that competitive advantage stems from some unique asset or competence possessed by the organisation.C . Recognising competitive advantage stems from scanning the environment.D . Setting a strategy...
Which of the following is NOT a benefit of a good audit system?
Which of the following is NOT a benefit of a good audit system?A . Provides a form of internal control.B . Provides a basis for improving the finance function's presentation of a company's financial records.C . Provides a basis for improving the finance function's efficiency and effectiveness in the information...
What are the TWO main uses of a PID?
The Board of organisation Y has authorised an upgrade to its computerised finance system. The Finance Director, X, has been tasked with managing this project. X has been requested to consult with stakeholders, in order that a Project Initiation Document (PID) may be produced. What are the TWO main uses...
According to Porter, there are THREE generic strategies through which an organisation can generate superior competitive performance.
According to Porter, there are THREE generic strategies through which an organisation can generate superior competitive performance. These are:A . Cost LeadershipB . Competitive advantageC . Cost recognitionD . DifferentiationE . DelegationF . FocusView AnswerAnswer: A,D,F
Several researchers have identified strong connections between corporate culture and resistance to organisational change.
Several researchers have identified strong connections between corporate culture and resistance to organisational change. Which TWO of the following are likely to be most resistant to organisational change:A . H is a partnership of professionals with similar training, background and expertise. Power lies in senior individuals who generally believe themselves...
With respect to the Tuckman model of team development, which is the stage where these leadership actions are most appropriate?
Leading and developing a high performing team that has only recently come together is a challenge requiring leaders to prioritise different issues and adopt different styles and tactics at different stages of team development. At one point the leader will need to: • confirm personal roles and responsibilities, • plan...
Under UK law, the case of constructive dismissal occurs in which of the following situations?
Under UK law, the case of constructive dismissal occurs in which of the following situations?A . Because the role of the employee has become redundant.B . Because of resignation by the employee due to the conduct of the employer.C . Because of a reason related to the employee's capability or...
Which of the following statements does not answer one of Drucker's questions?
The Managing Director of a large golf complex is using Drucker's five questions to help develop a new strategy. Which of the following statements does not answer one of Drucker's questions?A . We will analyse the local market to ensure we are the best.B . We will offer state of...
