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MNG2601-26-S1

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The figure below depicts the goal of responsible management.

Complete the missing spaces to answer this question.

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To achieve a coexistence of a sustained economic competitive advantage and sustained above-average social and environmental value creation is called _____.
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_____ management represents the relatively small group of managers who control the organisation and with whom the final authority and responsibility for executing the management process rests.
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_____ plans are developed by _____ management to realise _____ goals derived from overall goals.
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_____ plans have the following characteristics: they focus on the entire organisation, they take synergy into consideration and aims to coordinate the efforts of departments and individuals to contribute towards the attainment of the overall goals of the organisation.
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_____ is based on four pillars, namely the systems approach, a customer focus, people involvement and a process of continuous improvement.
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A _____ is a situation that puts an organisation in a favourable position - a position advantageous in comparison with peers’ positions.
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Which one of the following can be regarded as a generic strategy?
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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?

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The _____ is a document that describes an organisation’s core values.
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