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EXAMINATION FOR DEGREES IN THE SCHOOL OF MANAGEMENT

August 2023

EFIM10015

Introduction to Management

Answer any TWO questions from the following questions.

Question 1

Draw on theory to help understand and evaluate the change in management style which has occurred at Semco. Please use evidence from the Semco case study to support your argument. (50 marks)

Question 2

Fred Goodwin became CEO of Royal Bank of Scotland (RBS) in 1997, over 10 years before its effective nationalisation in 2008. What evidence is there in the RBS case study that Fred  Goodwin had attempted to change the culture in RBS? Discuss why he might have attempted to do this; and evaluate the likely benefits and risks? (50 marks)

Question 3

To what extent is rational decision-making by managers possible? Illustrate your answer by drawing on the TLA case study. (50 marks)

Question 4

Why does Friedman (1970) believe that the social responsibility of business is to increase its profits? Compare this perspective with Porter and Kramer’s (2011) notion of creating shared  value. (50 marks)