ADMN 1000 Exam/ ADMS 1000 Final Exam 2 SETS
COMBINED WITH COMPLETE SOLUTION RATED A+ NEW
EDITION UPDATED
What is strategy? - Ans The plans made or the ac ons taken in an effort to help an organiza on
obtain its intended purposes
What are the two basic models to consider when designing a sustainable strategy? - Ans -5
Forces Model
-VRIO Model
What are the 5 forces of the 5 forces model? - Ans -Bargaining power of suppliers
-Bargaining power of buyers
-Threats of subs tute products or services
-Threats of new entrants
-Rivalry among exis ng firms
What are the limita ons of the 5 forces model? - Ans -Assumes power rela onships are the
same in each force.
-The model does not explicitly take the roles of technological change and government
regula ons into considera on.
What are the components of the VRIO model? - Ans -Value
-Rareness
-Imitability
,-Organiza on
Components of a SWOT analysis? - Ans strengths, weaknesses, opportuni es, threats
The industry lifecycle model: decline phase caused by.... - Ans -Declining sales due to one or
more of the following:
• Changes in demographics
• Shi1ing consumer tastes
-Technological subs tu on
What is intrafirm dynamics vs interfirm dynamics? - Ans INTRA: Having differen a on within
different markets
INTER: Having differen a on within one market product
What is the
Boston Consul ng Group Matrix - Ans BCG separates businesses into four categories based on
how fast the market growing ( high-growth or low-growth) and the size of the business share of
that market ( Small and large)
What is ethics? - Ans the study of morality or moral judgments, standards, and rules of
conduct.
What is business ethics? - Ans The rules, standards, principles, or codes giving guidelines for
morally right behaviour in certain organiza onal contexts
Models for making ethical decisions? - Ans -U litarianism
-Rule ethics
, Arguments against fracking - Ans -Water contamina on
-Overuse of water
-Release of GHG
-Earthquakes
Limita ons of U litarianism - Ans -The difficulty in es ma ng or measuring rela ve benefits
and costs to all stakeholders affected.
-Robin Hood robbed a bank to feed a village, but this s ll affects the bank owner/bankers
-The "process" or means to achieve the results is ignored.
What was Immanuel Kant's belief? - Ans According to Kant, humans as ra onal actors who
could decide these principles for themselves.
Hence, humans could also be regarded as independent moral actors who made their own
ra onal decisions regarding right and wrong
What is categorial impera ve? - Ans The asser on by philosopher Immanuel Kant that moral
ac ons are, by defini on ac ons that respects others.
Factors affec ng decisions to engage in ethical or unethical behaviour - Ans 1. Corporate
Culture
2. Decoupling
3. Job Rou niza on
4. Organiza onal Iden ty
5. Work Roles
COMBINED WITH COMPLETE SOLUTION RATED A+ NEW
EDITION UPDATED
What is strategy? - Ans The plans made or the ac ons taken in an effort to help an organiza on
obtain its intended purposes
What are the two basic models to consider when designing a sustainable strategy? - Ans -5
Forces Model
-VRIO Model
What are the 5 forces of the 5 forces model? - Ans -Bargaining power of suppliers
-Bargaining power of buyers
-Threats of subs tute products or services
-Threats of new entrants
-Rivalry among exis ng firms
What are the limita ons of the 5 forces model? - Ans -Assumes power rela onships are the
same in each force.
-The model does not explicitly take the roles of technological change and government
regula ons into considera on.
What are the components of the VRIO model? - Ans -Value
-Rareness
-Imitability
,-Organiza on
Components of a SWOT analysis? - Ans strengths, weaknesses, opportuni es, threats
The industry lifecycle model: decline phase caused by.... - Ans -Declining sales due to one or
more of the following:
• Changes in demographics
• Shi1ing consumer tastes
-Technological subs tu on
What is intrafirm dynamics vs interfirm dynamics? - Ans INTRA: Having differen a on within
different markets
INTER: Having differen a on within one market product
What is the
Boston Consul ng Group Matrix - Ans BCG separates businesses into four categories based on
how fast the market growing ( high-growth or low-growth) and the size of the business share of
that market ( Small and large)
What is ethics? - Ans the study of morality or moral judgments, standards, and rules of
conduct.
What is business ethics? - Ans The rules, standards, principles, or codes giving guidelines for
morally right behaviour in certain organiza onal contexts
Models for making ethical decisions? - Ans -U litarianism
-Rule ethics
, Arguments against fracking - Ans -Water contamina on
-Overuse of water
-Release of GHG
-Earthquakes
Limita ons of U litarianism - Ans -The difficulty in es ma ng or measuring rela ve benefits
and costs to all stakeholders affected.
-Robin Hood robbed a bank to feed a village, but this s ll affects the bank owner/bankers
-The "process" or means to achieve the results is ignored.
What was Immanuel Kant's belief? - Ans According to Kant, humans as ra onal actors who
could decide these principles for themselves.
Hence, humans could also be regarded as independent moral actors who made their own
ra onal decisions regarding right and wrong
What is categorial impera ve? - Ans The asser on by philosopher Immanuel Kant that moral
ac ons are, by defini on ac ons that respects others.
Factors affec ng decisions to engage in ethical or unethical behaviour - Ans 1. Corporate
Culture
2. Decoupling
3. Job Rou niza on
4. Organiza onal Iden ty
5. Work Roles
