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MNM2607 ASSIGNMENT 1 ANSWERS (SEMESTER 2) 2023
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MNM2607 ASSIGNMENT 1 ANSWERS (SEMESTER 2) 2023
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MNM2607 ASSIGNMENT 1 2ND SEMESTER 20231.Guiding principles for CEO's, directors, and managers with different organizational
strategies:
a. Common Purpose: Despite having different strategies, leaders should focus on the
common purpose or mission of the organization. They should align their efforts to
achieve the organization's overarching goals.
b. Communication: Open and transparent communication is crucial. Leaders should
foster an environment where ideas, concerns, and perspectives can be shared openly,
allowing for constructive dialogue and collaboration.
c. Collaboration and Cooperation: Encourage collaboration and cooperation among
teams and departments. Leaders should find common ground and opportunities for
synergy, leveraging diverse perspectives to improve decision-making and overall
organizational performance.
d. Flexibility and Adaptability: Acknowledge the need for flexibility and adaptability in
today's dynamic business environment. Leaders should be open to considering new
ideas and approaches, adjusting strategies as necessary to respond to changing market
conditions or emerging opportunities.
e. Respect and Empathy: Maintain respect and empathy for differing viewpoints.
Leaders should create a culture that values diversity of thought, fostering an inclusive
environment where all voices are heard and respected.
f. Compromise and Consensus: Seek opportunities for compromise and consensus-
building. Leaders should be willing to find middle ground and explore win-win solutions
that address the concerns and objectives of multiple stakeholders.
g. Long-Term Perspective: Keep the long-term perspective in mind. Leaders should
consider the potential impact of their strategies on the organization's sustainability,
reputation, and stakeholder relationships.
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