- 20 Marks
BMF – Nov 2022 – L1 – SB – Q1 – The Business Environment
This question asks candidates to analyze the external stakeholders in modern business environments and explain key management concepts.
Question
The dynamic nature of the business environment calls for managers of the twenty-first century to critically analyse their business environment for them to formulate and execute a highly competitive strategy that will aid the survival, growth, and profitability of their organisations.
Required:
a. List and explain briefly FIVE external stakeholders. (10 Marks)
b. Explain briefly the following concepts:
i. Strategic alliance
ii. Matrix organisation
iii. Span of control
iv. Supranational bodies
v. Share awards (10 Marks)
Find Related Questions by Tags, levels, etc.
- Tags: External stakeholders, Organisational Structures, Strategic Alliance
- Level: Level 1
- Topic: The Business Environment
- Series: NOV 2022
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