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Organizations encounter a variety of difficulties and uncertainties in the unpredictably changing…

Answered: QUESTION FOUR 4.1 Distinguish between…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question 11: Case studyDue to a sudden increase in students applying for civil engineering courses, the University of Greenfields want to expand their civil engineering department. This growth has been driven by a government initiative to increase the number of engineering graduates.The University has been seeking a suitable location to build a new complex which will consistof a lecture theatre, tutorial rooms, student accommodation, sports hall and administrativefacilities. The University has stipulated that the design of the new complex must reflect the innovative image it is promoting and meet new and very challenging environmental targets. The final design will be submitted for a prestigious architectural award. Winning the award would raise the profile of the University and contribute to its strategy in becoming the leading University in its field. However, a previous attempt to win a similar award failed due to a lack of cooperation between departments. There is also a history of…
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QUESTION FOUR 4.1 Distinguish between the various phases of a disaster recovery plan. 4.2 Discuss how a business could deflect / transfer risk associated with projects.