THIS BOOKLET IS VALID ONLY FOR SEMESTER TWO OF THE 2020-2021 ACADEMIC YEAR 00010034 EXAMINATION ANSWER BOOK This script will be marked anonymously. Please complete CANDIDATE / EXAMINATION DETAILS but do not start writing anywhere else until the start of the examination is announced by the invigilator. Please show your student identity card upon request. It is student’s responsibility to fill in the details fully and accurately. CANDIDATE / EXAMIMNATION DETAILS University of Westminster Student ID Number: 00010034 WIUT Student ID Number: Course: 4BABM Date: 07.05.2021 Module Code: 4MNST001C Module Title: IMOB QUESTIONS ANSWERED REGULATIONS FOR CANDIDATES PLEASE READ CAREFULLY Write in the first column only the numbers of the questions attempted in the order in which you attempted them. 1. Question Number 2. 3. EXAMINER USE CANDIDATE USE Internal Examiner Internal Examiner External Examiner Agreed Marks 4. 5. 5. 6. 7. 8. 9. 11. 12. Total Initials 13. 14. 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When the invigilator announces the end of the examination you must stop writing, remain seated and silent until all scripts have been collected and counted and until you are dismissed by the invigilator. -1- THIS BOOKLET IS VALID ONLY FOR SEMESTER TWO OF THE 2020-2021 ACADEMIC YEAR 00010034 Section A Question 1 Diane Owen applies Laissez-Faire leadership style. Leadership theories covered in the module: Transformational theory Transactional theory Trait theory Contingency theory It is used transactional leadership philosophy to clarify Diane's leadership style. According to this theory, transaction managers exaggerate detailed and short-term standards, as well as standard rules and procedures. Transactional leadership philosophy emphasizes proactive leadership and operating within the organizational community. This style of leader motivates followers by advancing their own agendas, and using incentives and penalties to encourage subordinates to accomplish organizational objectives. The exchange between leader and employee involves four dimensions: Conditional remuneration: Operations managers attach objectives to compensation, establish specific expectations for staff, offer adequate benefits, establish general goals, and demonstrate various promotion mechanisms for meeting those goals. As this example demonstrates, Owen seeks to keep employee loyalty up by including profit-oriented bonuses and equity ownership plans for workers who have earned 32 % of the company's shares over the last decade. The delegation of authority theory states that the administration should build an environment in which workers have a variety of choices and the right to make their own decisions. "Handing over roles to others was a big relief for me," says Diane Owen, who has allowed her staff more control and control. Owen's staff have a variety of job options. In favor of collegiality and informality, formal partnerships are avoided. There is no simple division of roles in this situation, because everybody knows what they are capable of. -2- THIS BOOKLET IS VALID ONLY FOR SEMESTER TWO OF THE 2020-2021 ACADEMIC YEAR 00010034 Important decisions are taken at Owen Healthcare by working parties, making team training official. They identify their concerns, identify and prioritize objectives and the process of meeting these objectives, and assign a budget. Question 2 As one of the most essential elements Diana used open communication. Successful coordination is essential for sustaining employee morality and commitment at all levels during times of leadership development and day-to-day activity. Patterns, procedures and timeliness affect communication. Communication is a fundamental feature of any complex corporate system and is without question one of its main facets (TQM). Open coordination in staff confidence maintenance. Staff and management may shape unified teams by good coordination, reducing needless rivalry and encouraging staff to work together. Owen's care centers need to consider these quality management concepts before applying quality control procedures. For instance, for particular purposes that can increase the efficiency of an organism, a methodological approach explains the discovery, study and management of a series of linked processes. Quality staff are successfully qualified in these situations and form temporary teams to identify and address challenges and issues that require the company to shut down if they are not resolved and they form the foundation of the company. The company's absolute commitment is the crucial consideration. No company will improve efficiency, increase operations volumes, and increase income without the complete cooperation of all parties. The general strategy and priorities should be taken into account. The medical staff describe the contribution any person makes to the finished product and respect it. Diane stresses that each department and individual is accountable for their actions in this case study and empowers them to deal with problems and concerns when they emerge. Encourage staff to assess their own goals and preferences for their performance and to make the adjustments they need to enhance their workflow. Enhance employee trust and stakeholder confidence by recognition of achievements and best performances. -3- THIS BOOKLET IS VALID ONLY FOR SEMESTER TWO OF THE 2020-2021 ACADEMIC YEAR 00010034 Question 3 The list of organizational change: Structure Authorities Relationship Coordinating mechanism Job redesign Spans of control Technology Work Processes Work methods Equipment People Attitudes Expectations Perceptions Behaviour Aspects the forces of change: External and Internal External Forces: I. Marketplace II. Government laws and regulations III. Technology IV. Labor Market V. Economic changes Internal Forces: I. II. Changes in organizational strategy Workforce changes III. New equipment IV. Employee attitudes The system of coordination, the authority, the working process and the actions of the organisation have changed. John kept his firm iron-handed, while Diana worked on -4- THIS BOOKLET IS VALID ONLY FOR SEMESTER TWO OF THE 2020-2021 ACADEMIC YEAR 00010034 partnering and other issues. It is said. She switched to other trustworthy associates and gradually changed the company's management. They were empowered and influenced by Diana. This raises workers' value for the company and the company. The management style and projects of Diane Owen have paid off. Profits have started to increase and 90% of Owen's customers have re-opened work. Section B Question 1 In this situation, the Perkins said that they had to maintain the property of the family, where they both serve as executives at the moment. When this business was founded, both partners were already optometrists. In essence, Specsavers is a family company that holds relevant family traditions, seeking as much as possible to uphold those ideals. The group is aiming to extend its operations so that new businesses are regularly opened and thus highly skilled employees are required. The department stores use a "joint partnership" arrangement. Specsavers stores run under the principle that "all Specsavers customers are our customers," unlike many franchised businesses. This means that the same service is provided to a customer from one of the Specsavers branches. This arrangement varies from the own actions of Specsavers in the franchising firm and from the sale under the franchise agreement of goods and services. Mostly each business branch pf the company has its own franchise company that is consistent with foreign principles. This working model concentrates on the outcomes and hard work, as everyone dies for their own work. At least one optician must be able to verify any store's vision. This represents a huge benefit for the reputation of the network and helps to evolve as a company leader. Because the majority of Specsavers retail stores have a hierarchical structure, the top of the hierarchy has the greatest control. This style of command and structure will slow down and distort any knowledge that passes over the chain. There are many layers and areas of impact in a high-rise building, for example. The correspondence is generally slow, and the precision of the details cannot be assured, because of the vast number of intermediaries. In order for the retail as well as the clinical side to provide a healthy relationship, Specsavers should apply direct contact lines. A flatter system with less layers and more span of control is recommended. -5- THIS BOOKLET IS VALID ONLY FOR SEMESTER TWO OF THE 2020-2021 ACADEMIC YEAR 00010034 Question 2 A job description is a document that outlines the roles and duties of a specific role. This paper outlines all of the roles and obligations, as well as the working conditions. During the selection process, the job description aids in determining the duties of the position and selecting the right choice for it. Job standards assist HR departments with planning and curriculum development. HR experts look at job descriptions to determine the most relevant qualities that employers need so that these subjects can be covered during preparation. Training may be required for specific occupations, departments, or organizations. Human resources policies and practices can assist in determining which types of preparation are required for specific applicants. In the following scenarios, there could be difficulties: • Senior executives' job qualifications could be inadequate to respond to and explore emerging business areas. • Job demands in a growing company, particularly one that is subject to rapid technological change, can be too restrictive. • Other improvements to the message's content can obviate the need for the context. • The firm's method for generating job conditions can be unreliable. Employees with specialized experience in a specific field are essential for Specsavers, as they are for every other business. This is required in order to keep individuals accountable for their acts. As a result, the organization profits from delivering excellent support to each client and assisting them in meeting all of their demands, allowing them to accomplish all of their objectives. Specsavers does this by creating a job listing that allows suitable applicants to be chosen for each position based on the appropriate credentials and entrance requirements. Both specialized employees are dispatched to this agency to assist in meeting the needs of their clients, thus strengthening the organisation and instilling high levels of confidence in their customers. -6- THIS BOOKLET IS VALID ONLY FOR SEMESTER TWO OF THE 2020-2021 ACADEMIC YEAR 00010034 Question 3 The acronyms for SWOT are Strengths, Weaknesses, Opportunities, and Threats, respectively. A SWOT analysis is a technique for assessing a company's productivity and developing growth strategies. Internal and external considerations, as well as present and prospective prospects, are all included in the SWOT review. SWOT analysis is a tool for presenting a balanced, evidence-based, and data-driven picture of an agency's, initiative's, or field's strengths and weaknesses. Through removing preconceived assumptions or grey areas and focusing only on evidence, an organisation may ensure the study's validity. There are some drawbacks of using Specsaver. One of them is permormance. Scepsaver operates at a high degree of productivity. The company's founders are both optometrists. They are well-versed in their profession and hold a host of certifications. The owners have a wealth of expertise in the optical industry. For eg, one has informed and educated a variety of contact lens classes. The new managers have been named Optical Company of the Year and Best Practice Mentor of the Year. This is just one indication of the workers' candor. The owner of the business, other staff, and vendors are all in the same boat. Specsavers' financial condition is stable. Sales have plateaued, but average productivity has increased. The company's offices and buildings are brand new, cutting-edge, and practical. The employees are highly motivated and well-trained. The company's global and regional presence, profitability, strong financial performance, appealing brand profile, flawless partnership with founders, and functional mission division are all assets. -7-