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Baby Socks Ltd is a retailer which is currently growing and expanding. Originally a start-up, the company is now transitioning into a more mature and functional organisation. More staff have been hired and lower-level managers will now need to take accountability for some business decisions. As the company evolves into the new structure, which of the following is likely to be a cause of crisis at the organisation?
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A
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Explanation
Moving fromcreative(entrepreneurial) todirection(more formalised) triggers aleadership crisisin Greiner’s model—founders need to adopt more formal management or introduce professional managers. [Reference:CIPS L5M8 Study Guide, p.106., ]
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Why shouldobjectivesbe incorporated into aProject Initiation Document (PID)?Select TWO
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A, B
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Explanation
Clearobjectivesin the PIDmotivate/align the teamand helpdecompose the workinto manageable tasks. They are not “rules,” and financial outcomes are not guaranteed or the sole purpose. [Reference:CIPS L5M8 Study Guide, p.181., , , ]
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According toCox’s Stepladder of Relationships, which of the following sitsoutsideof ‘procurement and supply relationships’?
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C
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Explanation
In Cox’s Stepladder model,mergers and acquisitionsare not part of buyer–supplier relationship levels. They are described as acore competency, representing full organisational integration beyond contractual relationships. [Reference:CIPS L5M8 Study Guide, p.40., ]
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Find answers to the most common questions about the CIPS L5M8 exam, including what it is, how to prepare, and how it can boost your career.
The CIPS L5M8 certification is a globally-acknowledged credential that is awarded to candidates who pass this certification exam by obtaining the required passing score. This credential attests and validates the candidates' knowledge and hands-on skills in domains covered in the CIPS L5M8 certification syllabus. The CIPS L5M8 certified professionals with their verified proficiency and expertise are trusted and welcomed by hiring managers all over the world to perform leading roles in organizations. The success in CIPS L5M8 certification exam can be ensured only with a combination of clear knowledge on all exam domains and securing the required practical training. Like any other credential, CIPS L5M8 certification may require periodic renewal to stay current with new innovations in the concerned domains.