QUESTION 1 – 10 MARKS
Understand the nature of naturally occurring data and how this can be objectively analysed to inform your practice and influence your behaviour ï‚· Analyse and discuss how the structure and characteristics of organisations can influence and constrain managers and their decision making ï‚· Identify the range of organisational stakeholders and explain how managers can manage effective relationships with them to motivate, manage and lead them to a preferred decision outcome ï‚· Apply a range of techniques and strategies to communicate effectively to a culturally diverse range of stakeholders oximately halfway through construction of the ship, the United
States devalued its currency by 10 per cent. As the shipbuilder stood to make a loss
on the contract, it demanded that an extra US$3 million be paid or it would stop
work. The buyer reluctantly agreed under protest to pay, as he already had a charter
for the tanker and it was essential that it be delivered on time. The buyer didn’t
commence action to recover the excess payment until some nine months after
delivery. Will the buyer succeed in recovering the excess?

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