MNG2601 - Assessment 2 - Distinction Review

Planning, as a managerial function, is necessary for _____. _____ refers to the creation of the optimum level of return for all stakeholders of an organisation. Consider the following list of variables to answer question: 1 The mission statement 2 Objectives of the organisation 3 Economic environment 4 Organisational resources 5 Social environment 6 Customers 7 The labour market and labour unions 8 Intermediaries Which of the variables listed originate from an organisation’s remote environment? Which one of the following does not form part of the definition of planning? The essence of _____ is to improve productivity, through customer satisfaction and employee involvement. According to the _____ also known as the 80/20 rule, 80 per cent of the output from a given situation or system is determined by 20 per cent of the input. (i) _____ is achieved when an organisation formulates, pursues and attains appropriate (or stated) goals; whilst (ii) _____ is achieved by using the fewest inputs to generate a maximum amount of output. Consider the following list of variables to answer question: 1 The mission statement 2 Objectives of the organisation 3 Economic environment 4 Organisational resources 5 Social environment 6 Customers 7 The labour market and labour unions 8 Intermediaries The Coronavirus pandemic that started towards the end of 2019 in Wuhan, China, originated from the _____. A/n _____ has a strong philanthropic nature, aiming to realise just enough profit to survive over the long term. A responsible manager who is working for a _____should aim to invest corporate money and their own activity to create the highest social return on investment. The _____ principle of responsible management focuses on conducting all activities in an ethical manner and create moral excellence in the organisation. _____ is an acronym for the grouping of the world’s leading emerging economies, which promotes commercial, political and cultural cooperation between these counties. Unemployment rates, business confidence, interest rates and gross domestic product are examples of variables in the _____ environment that affect the performance of organisations. The _____ managerial role requires managers to work with and through their employees to ensure that their organisational goals are met.