MNG3702 STUDY QUESTIONS AND CORRECT VERIFIED EXAM ANSWERS .100% .
PASS GUARANTEE. 2025 UPDATE
QUESTION: Main purpose of a business? - ANSWER-Traditionally, to make a profit. Currently -
organizations must satisfy needs of all stakeholders, not only shareholders.
QUESTION: 3 pillars of responsible strategic leader? - ANSWER-* Sustainability strategic leadership -
create direction, create alignment, maintain commitment.
* Responsibility strategic leadership - key stakeholders
* Ethical strategic leadership
QUESTION: 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.
,QUESTION: Difference between ethics and morality? - ANSWER-* Ethics = making the rules (underlying
rationale used to create morality)
* Morality = applying these rules
QUESTION: Business ethics? - ANSWER-The study of what constitutes right and wrong human conduct in
a business context.
QUESTION: What is organisational structure? - ANSWER-The formal configuration between individuals
and groups regarding allocation of tasks, responsibilities and authority within an organisation.
QUESTION: Responsible organisational structure? - ANSWER-Integration of responsible management,
sustainable development and ethical practice throughout the structure of the organisation.
QUESTION: 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.
QUESTION: Strategic leadership? - ANSWER-Process by which a strategic leader influences followers to
achieve strategic vision of the organisation.
, QUESTION: 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
QUESTION: Essence of strategic leadership? (Boal and Hooiberg) - ANSWER-Creation & maintenance of:
1) Absorptive capacity
2) Adaptive capacity
3) Managerial wisdom
QUESTION: Define organisational structure? - ANSWER-The formal configuration of individuals and
groups regarding the allocation of resources, responsibility & authority.
QUESTION: 3 organisational structure components? - ANSWER-(1 & 2 = structural framework, vertical
hierarchy)
(3 = horizontal & vertical)
PASS GUARANTEE. 2025 UPDATE
QUESTION: Main purpose of a business? - ANSWER-Traditionally, to make a profit. Currently -
organizations must satisfy needs of all stakeholders, not only shareholders.
QUESTION: 3 pillars of responsible strategic leader? - ANSWER-* Sustainability strategic leadership -
create direction, create alignment, maintain commitment.
* Responsibility strategic leadership - key stakeholders
* Ethical strategic leadership
QUESTION: 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.
,QUESTION: Difference between ethics and morality? - ANSWER-* Ethics = making the rules (underlying
rationale used to create morality)
* Morality = applying these rules
QUESTION: Business ethics? - ANSWER-The study of what constitutes right and wrong human conduct in
a business context.
QUESTION: What is organisational structure? - ANSWER-The formal configuration between individuals
and groups regarding allocation of tasks, responsibilities and authority within an organisation.
QUESTION: Responsible organisational structure? - ANSWER-Integration of responsible management,
sustainable development and ethical practice throughout the structure of the organisation.
QUESTION: 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.
QUESTION: Strategic leadership? - ANSWER-Process by which a strategic leader influences followers to
achieve strategic vision of the organisation.
, QUESTION: 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
QUESTION: Essence of strategic leadership? (Boal and Hooiberg) - ANSWER-Creation & maintenance of:
1) Absorptive capacity
2) Adaptive capacity
3) Managerial wisdom
QUESTION: Define organisational structure? - ANSWER-The formal configuration of individuals and
groups regarding the allocation of resources, responsibility & authority.
QUESTION: 3 organisational structure components? - ANSWER-(1 & 2 = structural framework, vertical
hierarchy)
(3 = horizontal & vertical)
