QUESTION $1(20$ Marks$)$

The article has provided an assessment of the production economy to the knowledge economy and the

effects on organisations. Analyse ANY five $(5)$ functional areas of management $($departments$)$ in the

organisation you are employed at or an organisation of your choice and evaluate an advantage of the

new knowledge economy for each functional area.

QUESTION $2(20$ Marks$)$

Refer to heading: $$Current silos and command$-$ control$-$structures needs to be changed$.$ Identify and

explain four $(4)$ of the sub$-$environments $($elements$)$ of the micro$-$ environment that affect the organisation,

provide your own example how each element can be negatively affected if control$-$structure needs are not

changed to suit the new economy.

QUESTION $3(20$ Marks$)$

Assume that the organisation you have selected in question one wants to expand the company

infrastructure by opening another branch. The CEO of the organisation has approached you as a senior

manager to explain to him any five $(5)$ objectives of entrepreneurs and how this can be successful in the

knowledge economy.

QUESTION $4(20$ Marks$)$

Refer to headings: $$Managers needs to adopt a very different role$$ and $,$ Employees need to shift their

mindsets$.$ Identify and discuss any five $(5)$ roles required by managers and explain how the details

provided in the headings can be implemented in each role identified.

QUESTION $5(20$ Marks$)$

Refer to heading: $$This new economy demands big shifts both from the organizations and their staff$$ List and

explain the duties and responsibilities of upper and middle management and provide examples of how the

details provided in the heading above will benefit the organisation.

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