QUESTION ONE [32] 1.1. READ THE EXERPT BELOW AND ANSWER THE QUESTION THAT FOLLOWS. HDFC was a Private Company and wanted to get listed. HDFC Standard Life Insurance was a formerly unlisted company and a joint venture between (HDFC) Housing Development Financial Corporation Limited holding 61.5% shares and Standard Life Aberdeen PLC, holding 35% merger of Standard Life and Aberdeen Asset Management rest by others. The merger would list it automatically without going through the route of cumbersome Initial Public Offering. Not only the merger was an advantage with regards to avoiding the intricacies of an IPO but would cut down the cost appreciably. It was a reverse merger as a listed company was to be merged with non- listed, (HDFC Standard Life was going to merge in Max life Limited). Two years down the line: The organisation is dealing with a sudden drop in revenue due to the coronavirus pandemic, which caused many companies to temporarily reduce their advertising spending. Part of the mismanagement of the change saw that the hierarchical structure has too many managers in command, and thus causing a chaos with bottom-line workers and mixed messages. The company would now be transferring staff and possibly retrenching due to an oversight. The proposed merger was not approved by the sectoral authorities, Insurance Regulatory and Development Board (IRDB). Section 35 of the Insurance Act bars the merger of the insurance company with non-insurance companies. You have been the recently appointed HR director of the company and have been given the task to do a presentation to the other directors of the company to help rectify the employee issues at the organisation as part of a turnaround strategy. In your preparation of your presentation, you have decided to include rational decision making and recall it is a multi-step process for making choices between alternatives. 1.1.1. Referring to the pointers made in the module guide discuss the steps involved in a rational decision-making process. Use examples to enhance your discussion You then recalled that Unity of Command principle, which will allow for a proper hierarchy which will be determined in the company which is going to simply have one supervising head in preference to two or three to have an orderly set up in the work atmosphere. You decided to add the following to your presentation: 1.1.2. A critical discussion as to why 'Unity of Command' is crucial for businesses today (8) Page 2 of 6 1.1.3. In accordance with the question above, demonstrate five (5) advantages of utilizing unity of command. Validate your responses with appropriate examples