MNG3702 UNISA 2024-2025 EXAM
WITH LATEST VERIFIED QUESTIONS AND
CORRECT ANSWERS GRADED A+
Main purpose of a business? - ANS-Traditionally, to make a profit. Currently - organisations must satisfy
needs of all stakeholders, not only shareholders.
3 pillars of responsible strategic leader? - ANS-* Sustainability strategic leadership - create direction,
create alignment, maintain commitment.
* Responsibility strategic leadership - key stakeholders
* Ethical strategic leadership
Principles of a strategy-focused organisation (how to overcome barriers to successful strategy
implementation) BASED ON BSC! (Kaplan & Norton) - ANS-1) Translate strategy into operational terms
(draw up strategy map based on BSC)
2) Align organisation to corporate strategy
3) Make strategy everybody's job
4) Strategy as continual process (double-loop process = strategy linked to budgeting, management
meetings, process for learning & adapting strategy)
5) Mobilise leadership for change
Define strategic change? - ANS-Involves a change in strategic direction of organisation and
implementation of new strategies, involving major changes to previous routines.
, Discuss 4 types of strategic change - ANS-Strategic change based on 2 variables = extent of change
(transformation/realignment) & speed of change (incremental/big bang)that is to be achieved.
6 levels of commitment to challenges of responsibility & sustainability? - ANS-1) Rejection = work
actively against
2) Non-responsiveness
3) Compliance = to avoid risk
4) Efficiency = cost-reduction & efficiency strategy
5) Strategic pro-activity = sustainability viewed as achieving competitive advantage
6) The sustaining organisation = committed to principles of social and ecological sustainability that
maintains financial returns but is focused on meeting the needs of the present without compromising
opportunities of future generations.
Difference between ethics and morality? - ANS-* Ethics = making the rules (underlying rationale used to
create morality)
* Morality = applying these rules
Business ethics? - ANS-The study of what constitutes right and wrong human conduct in a business
context.
What is organisational structure? - ANS-The formal configuration between individuals and groups
regarding allocation of tasks, responsibilities and authority within an organisation.
Responsible organisational structure? - ANS-Integration of responsible management, sustainable
development and ethical practice throughout the structure of the organisation.
What makes a person a leader? - ANS-1) There need to be followers.
2) A leader is out front, determining the standard.
3) Leader strives to build authentic relationships.
4) A leader is not necessarily an individual.
5) Leader and followers have a common goal.
WITH LATEST VERIFIED QUESTIONS AND
CORRECT ANSWERS GRADED A+
Main purpose of a business? - ANS-Traditionally, to make a profit. Currently - organisations must satisfy
needs of all stakeholders, not only shareholders.
3 pillars of responsible strategic leader? - ANS-* Sustainability strategic leadership - create direction,
create alignment, maintain commitment.
* Responsibility strategic leadership - key stakeholders
* Ethical strategic leadership
Principles of a strategy-focused organisation (how to overcome barriers to successful strategy
implementation) BASED ON BSC! (Kaplan & Norton) - ANS-1) Translate strategy into operational terms
(draw up strategy map based on BSC)
2) Align organisation to corporate strategy
3) Make strategy everybody's job
4) Strategy as continual process (double-loop process = strategy linked to budgeting, management
meetings, process for learning & adapting strategy)
5) Mobilise leadership for change
Define strategic change? - ANS-Involves a change in strategic direction of organisation and
implementation of new strategies, involving major changes to previous routines.
, Discuss 4 types of strategic change - ANS-Strategic change based on 2 variables = extent of change
(transformation/realignment) & speed of change (incremental/big bang)that is to be achieved.
6 levels of commitment to challenges of responsibility & sustainability? - ANS-1) Rejection = work
actively against
2) Non-responsiveness
3) Compliance = to avoid risk
4) Efficiency = cost-reduction & efficiency strategy
5) Strategic pro-activity = sustainability viewed as achieving competitive advantage
6) The sustaining organisation = committed to principles of social and ecological sustainability that
maintains financial returns but is focused on meeting the needs of the present without compromising
opportunities of future generations.
Difference between ethics and morality? - ANS-* Ethics = making the rules (underlying rationale used to
create morality)
* Morality = applying these rules
Business ethics? - ANS-The study of what constitutes right and wrong human conduct in a business
context.
What is organisational structure? - ANS-The formal configuration between individuals and groups
regarding allocation of tasks, responsibilities and authority within an organisation.
Responsible organisational structure? - ANS-Integration of responsible management, sustainable
development and ethical practice throughout the structure of the organisation.
What makes a person a leader? - ANS-1) There need to be followers.
2) A leader is out front, determining the standard.
3) Leader strives to build authentic relationships.
4) A leader is not necessarily an individual.
5) Leader and followers have a common goal.
