Deck 14: Reflections

Question 1

Business activity occurs in a world that is rapidly running out of renewable resources

Answer 1

True

Question 2

Climate change and pollution are undeniable trends

Answer 2

True

Question 3

Most businesses are inherently conservative and feel uncomfortable in times of discontinuous change

Answer 3

True

Question 4

The Western business paradigm constrains the actions of many businesses

Question 5

The traditional power-command, hierarchical approach to management is being challenged as being fit for purpose

Question 6

The Theory WB model presents a pathway for organisations to redesign their operations

Question 7

Creativity is a myth and finance is what business is really all about

Question 8

Innovation is too expensive and risky for firms in the current business context

Question 9

'Seat of the pants', tactical management is better than taking a strategic approach

Question 10

Multi-layered leadership models encourage creativity and boost morale

Question 11

Self-organising teams are the way forward

Question 12

The distribution of wealth resulting from business activity is unequable

Question 13

Business activity should have an ethical and socially responsible conscience

Question 14

The concept of well-being is an attitude and a process that is intent in developing a supportive, transparent and loyal business environment that reflects family values

Question 15

The Cambridge economist, Chang, has exploded the underlying economic paradigms of the Anglo Saxon business activity declaring that they have had a negative effect on most people over the last 30 years

Question 16

Unregulated and unreformed financial markets will benefit the few but impoverish the many.

Question 17

Political activity should improve the well-being of the many and not be characterised by short-term opportunist actions to win elections

Question 18

Stock markets are always rational

Question 19

BSR, Change, Creativity, Innovation, Leadership and Management are all business matters that need to be reviewed and reformed to enable organisations to work for a broader public than institutional investors.

Question 20

Business management should strive to develop techniques to deliver high levels of internal and external trust in their operations. It is a vital key to success. In the absence of this technique then trust becomes rust and economic decline results