Adapting to Challenges

Question 1

How can information management help a business adapt to challenges?

Answer 1

By gathering data to make informed decisions

Question 2

What are strategic responses to challenges?

Answer 2

Planned actions to deal with changes

Question 3

Give a practical example of a merger

Answer 3

Two companies joining to form one larger company

Question 4

How can mergers/acquisitions help a business adapt?

Answer 4

By expanding resources or market share

Question 5

How can organizational flexibility help a business adapt?

Answer 5

By being able to change quickly to meet new demands

Question 6

How can a business directly influence the environment positively?

Answer 6

Reducing waste, using sustainable resources

Question 7

Recommend a social responsibility project a business could undertake

Answer 7

Supporting local schools, cleaning up public spaces

Question 8

What are the benefits of social responsibility projects?

Answer 8

Improved public image, stronger community ties

Question 9

Define lobbying

Answer 9

Influencing government decisions

Question 10

Why do businesses lobby?

Answer 10

To protect their interests, shape regulations