Question 1

An organization is formed by a person or a group of people to create value for the stakeholdersby offering products or providingservices that meet their unfulfilled needs. Daft(2016) identified five (5) factors that may increase the values created by an organization throughthejoint action of people. Explain Daft's idea usingthree (3) factors and a specific example of awell-known social business.

QUESTION 2

Business competition is more challenging nowadays thaneverbefore. With more newtechnologies introduced, businesses must be able torespond tomarket needs quickly. A slowreaction means a business may lose its market shares. Not onlyare consumers moreknowledgeable about products and services offered by businesses,but employees also havehigher expertise in their work and knowledge about it. Leveraging onaninformation-sharingconcept, discusstwo(2) wayshowaboss less workplace can augment co-creation betweenemployees and consumers.

QUESTION 3

The common understanding is thatorganizational design follows an organization's strategicdirection. As such, an organization's culture must support the organization's strategicdirection.According to Miles and Snow's Strategy Typology, an organizationcan pursueaprospector, defender, analyser or reactor strategyas its primarystrategy. Based on thistypology and using aspecific company, explain how a mismatch between the mission cultureandthe defender strategybackfiresonthe organization'sbusinesssustainability.

QUESTION 4

TheGarbage CanModel is aunique decision-making model.Although it wasinitiallyintroduced to explain the decision-making processofa highly organicstructure, observationsshow thatit is alsopersistent to someextent in a semi-organic structure.Using a specificexample, explain the four elements of the Garbage Can Model.