Future of Management Quiz

What is one significant development in business markets in the next 10 years?

• Limited consumer choice

• Decrease in competition

• Major increase in competition

• Stagnant market conditions

Which factor is putting pressure on resources all over the world?

• Reduced consumer influence

• Decreasing demand in expanding economies

• Government regulations

• Rapidly expanding economies

What is the predominant style of management likely to become due to more women moving into senior management positions?

• Authoritative and directive

• Hierarchical and rigid

• Autocratic and controlling

• Consultative and collaborative

What is the growing financial contribution of IP (intellectual property) in the business world?

• Negligible

• Insignificant

• Significant

• Moderate

What is one trend that companies have to face in the future?

• Increased loyalty among employees

• More people becoming self-employed

• Decreased competition for staff

• Limited control over employees

What will businesses have to do to attract and retain staff in the future?

• Reduce job flexibility

• Compete for staff

• Provide traditional benefits only

• Offer lower salaries

What will senior managers require in a fast-moving world with competing requirements and potential conflicts?

• Strict adherence to traditional methods

• Limited adaptability

• Great skills and leadership

• Technical expertise only

What will be the emphasis of business in the future, apart from manufacturing and the service sector?

• Intellectual property

• Hospitality

• Technology

• Agriculture

What will be the structure of companies to reflect the more fluid and democratic societies?

• Autocratic and controlling

• Individual-based and task-specific

• Team-based and project-specific

• Hierarchical and rigid

What will be the influence on manufacturers due to concerns about the environment?

• Extended product life cycles

• Increased pollution and waste

• Limited impact on production processes

• Reduced regulation