Adapting To Challenges Of The Bus. Env. C2

Question 1

Information management

Answer 1

~Info must be easily retrieved & effectively used.

~Should invest large capital into IT system to update bus. operations

Question 2

Strategic responses

Answer 2

~They must make strategic plans to remain sustainable in a competitive market.
~Get a clear picture of the stakeholders viewpoints & requirements.
~Bus. need to be aware of new competitors in mark. and must be able to strategically respond to threats.

Question 3

Mergers

Answer 3

~When 2 companies join together & form 1 new bus.

Question 4

Takeovers

Answer 4

Purchasing of a company (target) by another comp. (bidder) usually against the will of their targets.

Question 5

Acquisitions

Answer 5

~A bus. buys another bus. at an agreed price

~Usually occurs to private companies that are not listed.

Question 6

Alliances

Answer 6

~Agreements when 2 or more businesses work together to achieve their objectives.

Question 7

Organizational design and flexibility

Answer 7

~Describes how a bus. is structured and how it communicates its culture.
~They need to change the organizational design to adapt to specific chall.
~It’s a process to integrate people of an org. so that it improves the profitability of the bus.

Question 8

Direct influence on env. and social responsibility

Answer 8

~DI on bus. usually results from trade agreements and competitor strategies
~Sucessful bus. and their env. adapt to unavoidable influences by creating a competitive environment

Question 9

Ways in which bus. can have direct influence on the env.

Answer 9

~Influence its suppliers by signing long term contracts
~Create uses of the product by finding new customers
~Influence regulators through bargaining and lobbying
~Intimat bargaining sessions betw. management and trade unions
~Influence its owners using info contained in annual reports

Question 10

Projects that can be undertaken by bus. as part of social responsibility

Answer 10

~Environmentally friendly campaigns 
~Making donations to charity org. 
~Enganging in economic dev.
~Charity community projects
~HIV & Aids awareness programs

Question 11

Benefits of CSI for bus.

Answer 11

~The bus. enjoys support of communities
~CSI helps attract investors because of increased profits
~CSI projects promote teamwork in a bus.
~CSI projects may be used as a marketing strategy to promote their products