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Johnson, Scholes and Whittington suggest that Acceptability is an important consideration when evaluating potential alternative investment strategies.

 

Which of the following statements relate to Acceptability?

Select ALL that apply.

A.

It considers the current position of the Organization.

B.

It considers expected performance outcomes.

C.

It considers cultural changes required. 

D.

It considers the extent to which risk versus return meets expectations of shareholders. 

E.

Acceptability should be assessed first before feasibility or suitability.

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.

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.

Rosabeth Kanter suggested that Organizations which managed change successfully ('change adept' Organizations) share three key attributes.

 

Which THREE of the following are the key attributes of change adept Organizations, suggested by Kanter?

A.

Openness to collaborate

B.

Tuning into the environment

C.

Building coalitions

D.

Imagination to innovate

E.

Professionalism to perform

A has a portfolio of business units. One of A's units has a total market share of 25% and its largest competitor has a market share of 20%. In the last year the overall market of this business unit has declined by 2%, although its revenues have increased by 12%. following a successful marketing campaign.

According to the BCG matrix. A's business unit would be classified as which of the following?

A.

Dog

B.

Cash Cow

C.

Star

D.

Question Mark

Which THREE of the following issues relate to the Corporate Strategy of an organization? (Choose three.)

A.

Entering new industries.

B.

Avoiding competitive disadvantages.

C.

Achieving advantage over competitors.

D.

Meeting the needs of key customers.

E.

Leaving existing industries.

F.

Acquisitions, disposals and diversification.

BCD is a manufacturer of electronic components. Based on research of its external environment BCD has chosen 'Customer Satisfaction' as one of its Critical Success Factors. In order to operationalise this Critical Success Factor, BCD's management must associate and select a number of relevant Key Performance Indicators.

Which THREE of the following Key Performance Indicators would be suitable to use in respect of Customer Satisfaction? 

A.

Number of products returned by customers.

B.

The % of customers who recommend BCD's products.

C.

Improvement in product quality.

D.

Amount of money spent on advertising.

E.

Number of new customer accounts opened in the period.

F.

Number of employees leaving in the period.

You have been asked to advise a junior member of your team what qualities they should look for when identifying a coach or mentor to work with.

Place the qualities associated with effective coaching and mentoring next to the relevant statements below.

BCD is an independent training provider in Country P. It provides training to a wide range of corporate customers in business related subjects. All of its tutors must possess a nationally accredited training qualification before they are allowed to teach. Also, all of its courses follow nationally accredited programs and are externally monitored. This is considered to be a critical aspect of its business reputation.

 

BCD  has one major competitor, JKL, within Country P. JKL offers similar courses to BCD but its tutors do not have to have an accredited training qualification. In addition its courses do not follow the national accredited programs and the content and style of courses varies significantly between JKL centres. 

 

There are a number of universities which offer nationally accredited courses within Country P. BCD does not consider these as competitors, as they typically attract students wishing to undertake degree courses. The average university pass rate for nationally accredited programs is currently higher than BCD's

 

Which of the following types of benchmarking would be most useful for BCD?

A.

Process

B.

Internal

C.

Competitor

D.

Strategic

An insurer, JJJ, uses its Internet capabilities to promote and sell car and home insurance products. Although JJJ is supported by an 'in-house' call centre located in its home country, it has decided to outsource this activity to an overseas call centre.

 

There are a number of benefits to the company by undertaking this strategy, including that it can charge more competitive premiums to its customers and also increase its profits. However this change will mean that 75 call centre staff in the home country will be made redundant.

 

You have been appointed as the Change Leader and have been asked to prepare a report that includes details on how this change can be communicated.

 

Which THREE of the following statements are valid regarding JJJ's proposed changes and the related staff communications?

A.

When undertaking change,  communication is of great importance.

B.

The Change Leader should keep staff informed but should only communicate information when all the detail has been finalised.

C.

It is important that the Change Leader selects a communication channel which is appropriate to the message being delivered and its target audience.

D.

Momentum for change can be created by putting simple but highly visible improvements in place.

E.

A disadvantage of adaptive change is that it increases the level of resistance that a company can encounter when trying to implement change.

Which of the following would be a suitable performance measure of Internal Business Processes within Kaplan and Norton's 'Balanced Scorecard' model?

A.

Reduction in manufacturing cycle times.

B.

New products developed.

C.

Increase in market share.

D.

Higher P/E ratio.