Question 1

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

Options :

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.

Answer: A,B,D

Question 2

P owns an internet-based business, called GWiz. based in Country G. GWiz sells gifts, cards and flowers for a variety of occasions including birthdays, weddings and many other special events. P sources her products from a variety of partner suppliers located throughout country G. Customers' orders are delivered by third party couriers across the whole country. The GWiz website is hosted and managed by an IT specialist
P is a member of a local small business trade federation and has been asked to make a presentation to its members on her experience of running GWiz as a 'virtual organisation'.
Which of the following statements could P correctly make on the benefits of virtual organisations?
Select ALL that apply.

Options :

A : The quality of the products and services offered by the partner suppliers is always guaranteed and easy to control.

B : Using partner suppliers who also supply products and services to competitors will help to increase the competitive advantage of the virtual organisation.

C : The costs of operating a virtual organisation are relatively low as there is no need to operate from large premises or employ its own staff.

D : A virtual organisation can look much larger than it actually is through the use of a range of partner suppliers and third party couriers.

E : Using the internet facilitates the assembly of the components that are needed to operate a virtual organisation.

Answer: A,C,D

Question 3

TTT is a software design company which has grown successfully over the last 8 years. It has been highly innovative and often collaborates with a number of external partners to produce high quality, innovative software for a wide range of customers.
TTT's owner, K, has been a driving force behind its success. He spends a great deal of time analysing what is happening in the marketplace and trying to predict what customers need from TTT, through a network of industry contacts. He has a strong vision for TTT and communicates this, with conviction, to his staff in regular face to face meetings. He recognises and rewards his staff when new developments are undertaken and completed successfully and believes that if staff feel appreciated, then they will be more motivated to succeed.
Which THREE of the following skills for a leader in a change adept Organization does K demonstrate?

Options :

A : Tuning into the environment

B : Building coalitions

C : Communicating a compelling aspiration

D : Learning to persevere

E : Making everyone a hero

Answer: A,C

Question 4

D is aProjectManager. D has just left a meeting with the Executive Team of his Organization. D is delighted that the Executive Team has given support to D's proposal to implement a knowledge management system in the Organization.
What should be the next activity that D undertakes in this project?

Options :

A : Create a technological infrastructure of hardware and software.

B : Create database structures to store and reference knowledge

C : Gain the commitment of senior management to the project.

D : Populate the knowledge management system with knowledge.

Answer: A

Question 5

Company GGG wants to gain competitive advantage and has decided to use data mining.
Which of the following would NOTresultfrom data mining?

Options :

A : Classification

B : Description

C : Forecasting

D : Sequences

Answer: B

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