MNG3702 UNISA
Main purpose of a business? - answer-Traditionally, to make a profit. Currently -
organisations must satisfy needs of all stakeholders, not only shareholders.
Difference between ethics and morality? - answer-* Ethics = making the rules
(underlying rationale used to create morality)
* Morality = applying these rules
Business ethics? - answer-The study of what constitutes right and wrong human
conduct in a business context.
What is organisational structure? - answer-The formal configuration between
individuals and groups regarding allocation of tasks, responsibilities and authority
within an organisation.
Responsible organisational structure? - answer-Integration of responsible
management, sustainable development and ethical practice throughout the
structure of the organisation. Difference between ethics and morality? - answer-*
Ethics = making the rules (underlying rationale used to create morality)
* Morality = applying these rules
,3 pillars of responsible strategic leader? - answer-* Sustainability strategic
leadership - create direction, create alignment, maintain commitment.
* Responsibility strategic leadership - key stakeholders
* Ethical strategic leadership
6 levels of commitment to challenges of responsibility & sustainability? - answer-
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.
What makes a person a leader? - answer-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.
Strategic leadership? - answer-Process by which a strategic leader influences
followers to achieve strategic vision of the organisation.
, 6 requirements for leader to be considered operating on strategic level? - answer-
1) Ability to build knowledge of environment
2) Authentic leadership
3) Understand organisation
4) Ability to create shared understanding
5) Feel comfortable with change
6) Rooting in functional skills
Essence of strategic leadership? (Boal and Hooiberg) - answer-Creation &
maintenance of:
1) Absorptive capacity
2) Adaptive capacity
3) Managerial wisdom
Define organisational structure? - answer-The formal configuration of individuals
and groups regarding the allocation of resources, responsibility & authority.
5 main types of organisational designs? - answer-* Self-contained
* Horizontal
* Hollow
* Modular
* Virtual
Main purpose of a business? - answer-Traditionally, to make a profit. Currently -
organisations must satisfy needs of all stakeholders, not only shareholders.
Difference between ethics and morality? - answer-* Ethics = making the rules
(underlying rationale used to create morality)
* Morality = applying these rules
Business ethics? - answer-The study of what constitutes right and wrong human
conduct in a business context.
What is organisational structure? - answer-The formal configuration between
individuals and groups regarding allocation of tasks, responsibilities and authority
within an organisation.
Responsible organisational structure? - answer-Integration of responsible
management, sustainable development and ethical practice throughout the
structure of the organisation. Difference between ethics and morality? - answer-*
Ethics = making the rules (underlying rationale used to create morality)
* Morality = applying these rules
,3 pillars of responsible strategic leader? - answer-* Sustainability strategic
leadership - create direction, create alignment, maintain commitment.
* Responsibility strategic leadership - key stakeholders
* Ethical strategic leadership
6 levels of commitment to challenges of responsibility & sustainability? - answer-
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.
What makes a person a leader? - answer-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.
Strategic leadership? - answer-Process by which a strategic leader influences
followers to achieve strategic vision of the organisation.
, 6 requirements for leader to be considered operating on strategic level? - answer-
1) Ability to build knowledge of environment
2) Authentic leadership
3) Understand organisation
4) Ability to create shared understanding
5) Feel comfortable with change
6) Rooting in functional skills
Essence of strategic leadership? (Boal and Hooiberg) - answer-Creation &
maintenance of:
1) Absorptive capacity
2) Adaptive capacity
3) Managerial wisdom
Define organisational structure? - answer-The formal configuration of individuals
and groups regarding the allocation of resources, responsibility & authority.
5 main types of organisational designs? - answer-* Self-contained
* Horizontal
* Hollow
* Modular
* Virtual
