focusing on improving day-to-day activities or operations doing the same thing as its competitors in a better or faster manner performing activities differently, or to perform different activities from its competitors shifting out the productivity frontier as new technologies and approaches are developed
(GSL ID 1.1)
Question 1.2
Which one of the following statements best describes the classical view of ethics?
A
B
C
D
Leaders of organisations must comply with society’s ethical and moral values.
Organisations should engage in profit-making activities regardless of what they are.
Organisations should seek socially responsible goals, which will lead to increased profitability.
Senior management’s primary obligation is to provide a return on investment to the shareholders. (GSL ID 1.2)
Question 1.3
Blue Sky Ltd’s (Blue Sky) senior management have just returned from a strategic planning retreat. During this time they discussed the current position of the company relative to industry competitors, considered the position of the company financially, identified and assessed options for future product development and agreed on a broad implementation plan.
Which one of the following approaches to strategy best describes that undertaken by Blue Sky?
A evolutionary approach because the management
