Level 1 – Page 25

BMIS – L1 – QD3 – Organisation culture in business

Identify Hofstede's dimension explaining differences in financial strategies between two countries.

Question

Hofstede identified ways or ‘dimensions’ in which the culture in organisations differs between countries.

Required

In each of the following four cases, which of the dimensions identified by Hofstede would explain the differences in culture between the two countries?

(a) In Country A, it is usual for the senior management of stock market companies to defer major expenditures in order to improve the reported current year profits. In Country B, it is common for the annual report of major stock market companies to explain at length the company’s strategies and commitment to plans for capital expenditure.

(b) In Country C, it is usual for investment banks to pay large annual cash bonuses to individual bankers on the basis of their performance in the year. In Country D, it is usual for similar banks to determine annual cash bonuses on the basis of performance by groups or teams within the bank.

(c) In Country E, a much-praised quality of office workers such as accountants is an ability to turn up for work on time every day, regardless of difficulties with transport or weather. In Country F, late arrival at work due to transport problems is accepted as a normal fact of life, and poor time-keeping does not matter as long as the work gets done.

(d) In Country G, it is normal practice for decisions to be taken collectively and by consensus of management and employees. In Country H, it is the usual business culture for decisions to be taken by the boss without consultation with anyone else.

Answer

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Tags: cultural dimensions, femininity, Hofstede, masculinity, power distance
Level: Level 1

Topic: Organisation culture in business

BMIS – L1 – QD2 – Organisation culture in business

Explain Handy's concept of organisational cultures and describe his four types with examples.

Question

What did Handy mean by ‘cultures’ of an organisation? Briefly describe the four cultures identified by Handy and give an example of each.

Answer

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Tags: Handy, organisational culture, person culture, power culture, role culture, task culture
Level: Level 1

Topic: Organisation culture in business

BMIS – L1 – QD1 – Organisation culture in business

Identify Schein's three levels of culture, and determine which is hardest to interpret and change.

Question

(a)

(i) What are the three levels of culture identified by Schein?

(ii) Which of these levels of culture is the most difficult to interpret and understand?

(iii) Which of these levels of culture is the most difficult to change?

(b) A music publishing company operates from a single office building. Everyone in the company calls each other by their first name or familiar name. All meetings between employees or with clients and customers are held in a cafeteria on the second floor of the building, and there are no meeting rooms or other meeting spaces.

Which of the three levels of culture, as identified by Schein, do these features of the company represent?

Answer

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Tags: artefacts, organisational culture, Schein, workplace practices
Level: Level 1

Topic: Organisation culture in business

Title: BMIS – L1 – QC8 – BCG matrix

Describe the Boston Consulting Group (BCG) matrix.

Question

(a) Describe the Boston Consulting Group (BCG) matrix.

(b) Explain the product-market strategy that might be chosen for products in each quadrant of the matrix.

Answer

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Tags: BCG Matrix, Business Strategy, Portfolio Analysis, Product-Market Strategy, Strategic planning
Level: Level 1

Topic: Introduction to business strategy

BMIS – L1 – QC7 – SWOT analysis

Explain the purpose of SWOT analysis for strategic planning.

Question

The TopTen Supermarkets Group is the largest supermarket group in the country. In spite of a decline in total consumer spending in the national economy last year, spending in the supermarket sector as a whole increased, and TopTen also increased its market share. It now has over 20% of the market for food-and-drink shopping in the country. It is also enjoying strong growth in the sale of non-food products such as clothing (it has its own brand of fashion clothes) and domestic electrical goods.

The group has just announced record annual profits, and investors expect the growth in profitability to continue, in spite of signs of weakness in the national economy.

Rival supermarket groups have been attempting to regain lost market share. Two rival groups merged a year ago. Another competitor was acquired a few years ago by a major US supermarket group and is pursuing an aggressive competitive strategy.

TopTen’s success is due partly to its reputation for low prices and reasonable-quality products, and its efficient in-store service.

The group continues to acquire land and to purchase retail property with the intention of building more out-of-town stores and smaller in-town convenience stores. It does not have any business operations outside the country. There is some concern about the possibility of government action to prevent the group from exploiting its ‘near-monopoly’ position in the market.

Required

(a) What is the purpose of SWOT analysis?

(b) Using the information provided, carry out a SWOT analysis for the TopTen Supermarket Group.

Answer

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Tags: Competitive strategy, Strategic planning, Supermarket industry, SWOT analysis
Level: Level 1

Topic: Introduction to business strategy

BMIS – L1 – QC6 – Market segmentation

Suggest ways a railway company can segment its market for rail travel.

Question

The purpose of market segmentation is to divide a market into different sections, each with a distinctive group of potential customers. A segmentation strategy is then developed, and a different marketing mix is used to market a product to each segment.

Typically a different price is charged for the product in each segment, but it may be necessary to vary the product offered to each segment of the market, in order to meet the needs of customers in that segment.

Required

Suggest ways in which a railway company might segment its market for rail travel.

Answer

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Tags: Customer segments, Market segmentation, Marketing strategy, Railway industry
Level: Level 1

Topic: Finance

Title: BMIS – L1 – QC5 – Marketing mix

Identify the marketing mix element (product, price, place, promotion) for specific company actions.

Question

A marketing mix consists of four elements: product, price, place and promotion.
Required
Which of these four elements is each of the following?

Company	Action
(a) Manufacturer and supplier of PCs	Providing free Nexus software with every PC supplied
(b) Car manufacturer	Displaying a new model of sports car at a motor show/exhibition
(c) A company that installs domestic gas boilers	Offering to take the customer’s old boiler in part-exchange for a new boiler
(d) Television company	Offering downloads of TV programmes to customers’ home computer via the internet

Answer

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Tags: Marketing mix, Place, Price, Product, Promotion, Strategic marketing
Level: Level 1

Topic: R&D and marketing strategies

BMIS – L1 – QC4 – Ageing Population Impact

Describe consequences of an ageing population for a company with 4,000 employees.

Question

Many countries currently have an ageing population. At some time in the fairly near future, there will be about twice as many individuals who are past the normal age for retirement as there are individuals between 18 and 65 years of age.

Describe the possible consequences of an ageing population for a company that currently employs about 4,000 people.

Answer

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Tags: Ageing Population, Business Strategy, Consumer Demand, Taxation, Workforce Management
Level: Level 1

Topic: The external environment

BMIS – L1 – QC3 – Interest Rate Impact

Explain how a 2% interest rate rise affects a computer games manufacturer.

Question

Explain how a manufacturer of computer games might be affected by a 2% rise in interest rates by the central bank.

Answer

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Tags: Business impact, Consumer Spending, Economic Environment, Export Markets, Interest rates
Level: Level 1

Topic: The external environment

BMIS – L1 – QC2 – Strategic Analysis Models

Identify a model for strategic position analysis of an industry.

Question

(a). Identify a model that can be used to carry out a strategic position analysis of the industry in which an entity operates.

(b). PESTEL is a model for carrying out a position analysis of the environment within which an entity operates. What does ‘PESTEL’ stand for?

(c). There are several global oil companies, such as PetroGlobal and EnergyCorp. Use the PESTEL model to identify environmental factors that will affect the strategic planning of such companies.

Answer

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Tags: Environmental Factors, Global Business, Oil Industry, PESTEL, Strategic planning
Level: Level 1

Topic: The external environment

Level (SQ): Level 1

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BMIS – L1 – QD3 – Organisation culture in business

Identify Hofstede's dimension explaining differences in financial strategies between two countries.

BMIS – L1 – QD2 – Organisation culture in business

Explain Handy's concept of organisational cultures and describe his four types with examples.

BMIS – L1 – QD1 – Organisation culture in business

Identify Schein's three levels of culture, and determine which is hardest to interpret and change.

Title: BMIS – L1 – QC8 – BCG matrix

Describe the Boston Consulting Group (BCG) matrix.

BMIS – L1 – QC7 – SWOT analysis

Explain the purpose of SWOT analysis for strategic planning.

BMIS – L1 – QC6 – Market segmentation

Suggest ways a railway company can segment its market for rail travel.

Title: BMIS – L1 – QC5 – Marketing mix

Identify the marketing mix element (product, price, place, promotion) for specific company actions.

BMIS – L1 – QC4 – Ageing Population Impact

Describe consequences of an ageing population for a company with 4,000 employees.

BMIS – L1 – QC3 – Interest Rate Impact

Explain how a 2% interest rate rise affects a computer games manufacturer.

BMIS – L1 – QC2 – Strategic Analysis Models

Identify a model for strategic position analysis of an industry.

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Identify Hofstede's dimension explaining differences in financial strategies between two countries.

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Explain Handy's concept of organisational cultures and describe his four types with examples.

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Identify Schein's three levels of culture, and determine which is hardest to interpret and change.

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Describe the Boston Consulting Group (BCG) matrix.

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Explain the purpose of SWOT analysis for strategic planning.

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Suggest ways a railway company can segment its market for rail travel.

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Identify the marketing mix element (product, price, place, promotion) for specific company actions.

You're reporting an error for "Title: BMIS – L1 – QC5 – Marketing mix"

Describe consequences of an ageing population for a company with 4,000 employees.

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Explain how a 2% interest rate rise affects a computer games manufacturer.

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Identify a model for strategic position analysis of an industry.

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