Question: Question 1 ( 1 5 Marks ) Imagine a software development company that operates in a rapidly changing industry. Thecompany's projects often require quick adaptation

Question 1(15 Marks)Imagine a software development company that operates in a rapidly changing industry. Thecompany's projects often require quick adaptation to new technologies and marketdemands. In the past, the company followed a traditional hierarchical structure, which oftenled to delays in decision-making and difficulty in responding promptly to market shifts. Toaddress these challenges, the company's leadership decides to transition to a chaordicorganisational approach. They restructure the company to encourage self-organisationamong teams, empower employees to make decisions autonomously, and foster opencommunication channels across all levels of the organisation. In a chaordic organisation,there is a balance between chaos and order, allowing for both flexibility and structure.Based on the scenario above, evaluate any two (2) potential benefits and three (3) potentialchallenges of adopting a chaordic approach in organisational management. Question 2(15 Marks)Max, a seasoned business consultant renowned for his expertise in navigating uncertainty inthe corporate world, has been invited to speak at a prestigious business conference. At theevent, Max shares his perspective on uncertainty and offers strategies for harnessing itspotential benefits. During his keynote address, he emphasises the importance of beingprepared, being fit, and being bold in managing uncertainty effectively.In the context of navigating uncertainty within the corporate world, analyse Max's strategiesof preparedness, fitness, and boldness. In your answer, evaluate how each strategycontributes to leveraging uncertainty for potential benefits within a business environment.Provide real-world examples to illustrate your points and discuss potential challenges inimplementing these strategies effectively

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