SECTION B (ANSWER ANY THREE (3) QUESTIONS) QUESTION TWO (2) Describe, with illustrations or examples from Zambia, any four strategic options that may be pursued in a declining industry. (20 marks) QUESTION THREE (3) Compare and contrast the formulation and implementation of strategy between an entrepreneurial and a mature organization. (20 marks) QUESTION FOUR (4) At a press briefing on Friday, 1st November, 2013, the Chief Executive Officer of Konkola Copper Mines announced that his company will lay off 1500 employees to enable the company to operate in a sustainable manner. He went on to explain that the end of the lifespan at some of the company's mining operations is one of the reasons for the decisions to retrench some of the workers. (a) What strategy is implicit in the decision to lay off workers? (b) Explain the role of the political environment in the formulation of strategy, with specific reference to what has transpired at Mopani. (20 marks) QUESTION FIVE Analyse the role of the following on either the formulation or implementation of Strategy (a) An organizational structure (b) Corporate Social Responsibility (C) Management Development (d) An organization's capability (20 marks) Question Two Some companies in Zambia practice corporate social responsibility while others do not. (a) What is meant by corporate social responsibility? (b) Critique the concept of corporate social responsibility by discussing why some companies practice it while others do not. (20 marks) Question Three Discuss the salient issues of strategy formulation and implementation of the following organizational contexts: (a) An entrepre rial context (b) A mature context (20 marks) Question Four Describe the significance of the following stakeholders in the formulation of strategy (a) A company's shareholders (b) A company's board of directors (c) A company's chief executive officer (d) A company's senior management (20 marks) Question Five Mr. Abel Mwenya has just been appointed to the position of Managing Director of a company that has not been doing well. He has been tasked by the appointing authority to turn things around by changing the organization culture. 4 (a) Explain how Mr. Mwenya, through his leadership style, can facilitate the implementation of the organization's new direction (10 marks) (b) Discuss how an organizational culture affects the performance (10 marks) Question Six A company's preoccupation with profit brings into sharp focus the importance of competition as a central feature of the business environment, and of competitive strategy as a primary aim of strategy." Discuss the significance in Zambia of Michael Porter's model of five competitive forces. (20 marks)