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These are explanations and solutions for IB past papers, not the official version. For official papers, you can go to IB Follet or access them through your school.

These are explanations and solutions for IB past papers, not the official version. For official papers, you can go to IB Follet or access them through your school.

These are explanations and solutions for IB past papers, not the official version. For official papers, you can go to IB Follet or access them through your school.

These are explanations and solutions for IB past papers, not the official version. For official papers, you can go to IB Follet or access them through your school.

 

01 Hours 30 Minutes

 

100 Marks

 

Calculator NOT allowed

IB BUSINESS MANAGEMENT SL, Paper 1, May, 2006, TZ0, Solved Past Paper

Master the 2006 IB May for Paper 1 Business Management SL with examiner tailored solutions and comments for TZ0

Question 1 [Explained]

This question is divided into two parts. The first part asks about the purpose of a mission statement, and the second part requires an explanation of the advantages and disadvantages for Electrical Solutions plc of owning a subsidiary such as SunGen Ltd.

Question 1 [a] [Explanation]

A mission statement is a brief description of an organization's fundamental purpose. It answers the question, 'Why do we exist?' The mission statement articulates the company's purpose both for those in the organization and for the public. It is meant to provide direction and a sense of common purpose to the employees and stakeholders of the firm.

Question 1 [b] [Explanation]

This question asks you to explain two advantages and two disadvantages for Electrical Solutions plc of owning a subsidiary such as SunGen Ltd. You need to consider both the positive and negative impacts of this ownership on the parent company.

Question 2 [Explained]

Catherine and Greg are suggesting that SunGen Ltd should have a flatter organizational structure. This question asks you to describe two advantages and two disadvantages of such a structure. A flatter organizational structure typically involves fewer hierarchical levels between staff and management, which can have various implications for communication, decision-making, and employee motivation.

Question 2 [a] [Explanation]

This question asks you to describe two advantages and two disadvantages of a flatter organizational structure.

Question 2 [b] [Explanation]

Using appropriate motivational theories, discuss the changes to workers' contracts and the incentives programme proposed by Catherine and Greg.

Question 3 [Explained]

This question requires you to prepare a SWOT analysis for SunGen Ltd, a company involved in the solar energy sector. A SWOT analysis is a strategic planning tool used to identify the Strengths, Weaknesses, Opportunities, and Threats related to a business or project. The analysis helps in understanding the internal and external factors that can impact the company's performance.

Question 3 [a] [Explanation]

In this part, you are asked to provide a detailed SWOT analysis for SunGen Ltd. Each entry in the SWOT analysis should be explained clearly, highlighting how it impacts the company.

Question 3 [b] [Explanation]

This part of the question asks you to suggest an appropriate marketing mix to target solar panels at individual households. The marketing mix should include the four elements: Product, Price, Promotion, and Place. Each element should be justified based on the context of SunGen Ltd and the target market.