Understanding Executive Summaries and Business Environments

An executive summary should do which of the following? Select all that apply. Question options: Focus on the most important details Include details of the processes followed in the project Include complex descriptions Use bullet points Offer a short history of the project Hide question 1 feedback An executive summary should summarize the key points of the report. It should restate the purpose of the report, highlight the major points of the report, and describe any results, conclusions, or recommendations from the report. Question 2 1.5 / 1.5 points Which of the following are the key sub-environments that mold the external business environment? Select all that apply. Question options: Political and legal Entrepreneurial Technological Managerial Demographic Hide question 2 feedback The external business environment is composed of numerous outside organizations and forces that we can group into seven key sub- environments. Question 3 1.5 / 1.5 points Which of the options below can be considered as an intervention for long-term sustainable performance for the issue of low operational excellence capability? Select one.

Question options: Coaching a manager for delegation Developing a SMED project Making a shop-floor layout Creating a 5 S project Hide question 3 feedback Coaching a manager for delegation can be taken as an intervention for long-term sustainable performance for the issue of low operational excellence capability. Question 4 1.5 / 1.5 points Which one of the following is the best explanation of a business environment? Select one. Question options: Laws and regulations that affect a business External and internal factors that affect a business External factors that affect a business Internal factors that affect a business Hide question 4 feedback The business environment is the sum or collection of all internal and external factors, such as employees, customers’ needs and expectations, supply and demand, management, clients, suppliers, owners, activities by government, innovation in technology, social trends, market trends, economic changes, and so on. Question 5 1.5 / 1.5 points Which of the following are the major components of the internal business environment? Select all that apply. Question options: Operational capability Employees

Capital market Owners and shareholders Organizational culture Hide question 5 feedback Forces, conditions, or surroundings within the boundary of the organization are the elements of the internal environment of the organization. Question 6 1.5 / 1.5 points Which factor is responsible for determining the size and composition of the workforce in the organization? Select one. Question options: Economic factors Demographic factors Political and legal factors Social factors Hide question 6 feedback Demography is the study of people’s vital statistics, such as their age, gender, race and ethnicity, and location. Demographic factors are responsible for determining the size and composition of the workforce in the organization. Question 7 1.5 / 1.5 points Which areas fall under the economic influences of the business environment? Select all that apply. Question options: Export restrictions Environmental protection Interest rate levels Copyrights and patents Inflation Hide question 7 feedback

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Inflation and interest rates are the areas that fall under the economic influences and changes due to economic activities. Question 8 1.5 / 1.5 points Which capability provides the foundations upon which other organizational capabilities develop? Select one. Question options: Dynamic capability Ambidexterity Operational capability Learning capability Hide question 8 feedback learning capability provides the foundation on which other organizational capabilities develop. As organizations learn from their own experiences and their networks, their organizational capabilities develop. Question 9 1.5 / 1.5 points Which of the following types of factors for business environments are difficult to predict, define, and measure? Select one. Question options: Social factors Political and legal factors Demographic factors Technological factors Hide question 9 feedback Social factors comprise the attitudes, values, ethics, and lifestyles of an individual. These factors influence what, how, where, and when people purchase products or services. They are difficult to predict, define, and measure because they can be very subjective. Question 10 1.5 / 1.5 points In which two areas do organizations need to excel if they are to perform and grow over a long timeframe? Select all that apply. Question options:

Frequent changes in the business model Restrictions on R & D activities A focused business model Cost-cutting to improve immediate profitability Responding to change in an innovative way Hide question 10 feedback Organizations need to excel in two areas if they are to perform and grow over a long timeframe. On one hand, organizations need to have a focused business model that they utilize efficiently and effectively, while on the other hand, they need to be able to anticipate and respond to change in innovative ways. Done

Module 8 - Quiz

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