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• Post-Graduate Diploma in Management (L7PGDip.Man) - Final Acceptance Examination

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• Please use the following link to download the L7PGDip.Man (iMBA) Handbook which together with curriculum components completed will form the basis of the Final Acceptance Examination (to be activated on date of profile activation).  L7PGDip.Man (iMBA) Handbook (PDF)

 

EXAMPLE OF QUESTION FORMAT TO BE EXPECTED

 

QUESTION 1 (COMPREHENSION) (20 MARKS)

In what ways do management and leadership differ in their approaches to achieving organizational goals, and how do these differences influence the adaptability and innovation within an organization?

Correct Answer:  
Management and leadership are crucial components of organizational success, each with unique roles and impacts. Management is primarily concerned with the administrative aspects of an organization, such as planning, organizing, and controlling resources to meet specific objectives. It emphasizes efficiency, consistency, and the maintenance of established processes. Leadership, however, is more about setting a vision and inspiring people to follow it. It involves motivating and empowering individuals, fostering innovation, and driving change. These roles affect organizational effectiveness by shaping how goals are pursued, how teams are engaged, and how adaptable the organization is to new challenges. A deep understanding of both management and leadership allows for strategic alignment with organizational goals, enhancing performance and adaptability.

 

QUESTION 2 (COMPREHENSION) (20 MARKS)

Discuss in detail how various leadership styles, such as transformational, transactional, and laissez-faire, influence team dynamics and performance. Consider the potential advantages and disadvantages of each style and provide specific examples to illustrate your points. Additionally, evaluate how these leadership styles can be adapted or combined to suit different organizational contexts and challenges.

Correct Answer:  
Leadership styles, including transformational, transactional, and laissez-faire, play a crucial role in shaping team dynamics and overall performance. Transformational leaders, like Steve Jobs at Apple, inspire and motivate their teams, fostering an environment of high morale and innovation, which can lead to significant improvements in team performance. On the other hand, transactional leaders emphasize structure and rewards, which can enhance efficiency but may limit creativity. This approach is often seen in manufacturing settings where productivity is optimized through clear rewards and penalties. Laissez-faire leaders provide autonomy, empowering skilled teams but potentially leading to a lack of direction in less experienced groups. Understanding these styles is essential for determining their appropriateness in different organizational contexts and how they can be leveraged to achieve desired outcomes.

 

QUESTION 3 (ANALYSIS) (5 MARKS)

Which of the following best describes how transformational leaders motivate their followers?

1. Inspiring followers to transcend their own self-interests

2. Rewarding followers for meeting specific goals. 

3. Allowing followers to work independently without interference.

4. Enforcing strict compliance with established procedures.

 

QUESTION 4 (ANALYSIS) (5 MARKS)

In the context of organizational management, what are the key elements and objectives of transactional leadership, and how do they differ from other leadership styles such as transformational and laissez-faire leadership?

1. Promoting a hands-off management approach 

2. Establishing clear structures and rewards

3. Encouraging creativity and innovation

4. Building strong emotional connections

 

QUESTION 5 (ANALYSIS) (5 MARKS)

Which leadership theory, developed by Paul Hersey and Ken Blanchard, emphasizes the necessity for leaders to adapt their leadership style to the maturity and competence of their followers, suggesting that effective leadership is task-relevant and involves modifying one's approach based on the readiness level of the team?

1. Situational Leadership Theory

2. Trait Theory

3. Servant Leadership Theory

4. Transformational Leadership Theory

 

QUESTION 5 (COMPREHENSION) (10 MARKS)

What are the primary drivers of globalization, and in what ways do they shape the strategic decisions of multinational corporations? Discuss the significance of technological advancements, trade liberalization, and cultural exchange in this context, and provide examples of how businesses have adapted their strategies to thrive in a globalized economy.

Indicator:  
30% - Identify and explain at least three main reasons behind globalization, providing a clear understanding of each reason's significance.
30% - Discuss how these reasons influence business strategies, including specific examples of strategic adjustments businesses might make in response to globalization.
20% - Demonstrate an understanding of the interconnectedness of global markets and how businesses must adapt to these changes.
20% - Provide a coherent and well-structured response that integrates all points effectively, showing a comprehensive grasp of the topic.

 

QUESTION 6 (ANALYSIS) (5 MARKS)

In a globalized business environment, organizations are often required to adapt their strategies to effectively meet the diverse needs of international markets. Which of the following strategies is most commonly adopted by organizations to successfully navigate the complexities and challenges associated with globalization, ensuring that their products and services resonate with local consumers across different regions?

1. Centralization of decision-making

2. Reduction in workforce diversity

3. Limiting international partnerships

4. Localization of products and services 

 

QUESTION 7 (ANALYSIS) (10 MARKS)

In what ways does globalization transform the competitive landscape for businesses, and how can companies strategically respond to these changes to maintain their market position?

1. It limits access to new technologies.

2. Globalization significantly alters the competitive landscape by introducing international players into local markets, thereby increasing competition. This process compels businesses to innovate and enhance their products and services to maintain or grow their market share. Additionally, globalization provides access to a broader range of technologies and resources, enabling companies to improve operational efficiencies and product offerings. It also diversifies consumer bases, allowing businesses to cater to a wider array of preferences and demands. Consequently, companies must adapt to these changes by developing strategies that leverage global opportunities while mitigating the risks associated with increased competition.

3. It reduces the number of competitors in the market.

4. It creates a more homogeneous consumer base.