Essay
MNG3702 ASSIGNMENT 1 SEMESTER 1 2024
- Course
- Institution
MNG3702 ASSIGNMENT 1 SEMESTER 1 2024
[Show more]
Seller
Follow
tatendamuzavazi
Reviews received
Content preview
0717513144 MNG3701 ASS 1 SEM 1 2024 muzavazi47@gmail.comDISCLAIMER
The MNG3701 assignment 1 Semester 1 2024 is a generic document that helps students
to compile their own assignments. Those who need further assistance must contact
the given details:
CONTACT NUMBER:
071 751 3144
muzavazi47@gmail.com
,0717513144 MNG3701 ASS 1 SEM 1 2024 muzavazi47@gmail.com
Table of Contents
Introduction ........................................................................................................................... 3
QUESTION 1: Absorptive capacity refers .............................................................................. 3
ACQUISITION OF EXTERNAL INFROMATION ................................................................ 3
ASSIMILATION OF INFORMATION .................................................................................. 3
TRANSFORMATION ......................................................................................................... 4
APPLICATION OF KNOWLEDGE ..................................................................................... 4
QUESTION 2: Strategic map ................................................................................................ 5
STRATEGIC MAP ............................................................................................................. 5
QUESTION 3: The alignment between the core purpose, vision, and objectives ................... 6
PERFORMANCE MANAGEMENT SYSTEM (PMS) .......................................................... 7
COMMUNICATION............................................................................................................ 7
Question 4: layers of business culture................................................................................... 8
Visible artefacts ................................................................................................................. 9
Espoused values and norms ............................................................................................. 9
Taken-for-granted assumptions ....................................................................................... 11
Question 5 assessing the business culture ......................................................................... 12
Question 6 culture indicators ............................................................................................... 14
Conclusion .......................................................................................................................... 18
References ......................................................................................................................... 19
, 0717513144 MNG3701 ASS 1 SEM 1 2024 muzavazi47@gmail.com
Introduction
This assignment seeks to explore the implications of strategic management in the case
of Netcare. The discussion to be presented in this assignment rests on various
aspects of strategic management including improving capabilities and capacity,
alignment with the strategic map, aligning the core purpose, vision, and organisational
objectives. Furthermore, the assignment will assess Netcare’s business culture and
apply an appropriate to assess culture to attract and retain talent to support and
implement their strategies. Lastly an assessment will be made on cultural indicators
to provide a dashboard of its culture and various subcultures.
QUESTION 1: Absorptive capacity refers
Absorptive capacity refers to an organization's ability to acquire, assimilate, and apply
new knowledge and information from its external environment. It involves the
organization's capacity to recognize the value of new knowledge, assimilate it into
existing knowledge, and apply it to improve its systems and processes. The following
four dimensions are considered to be integral components of absorptive capacity:
ACQUISITION OF EXTERNAL INFROMATION
According to Venter and Botha (2019), this dimension refers to the organization's
capacity to effectively identify and acquire new knowledge from external sources. The
process entails proactively pursuing new information, engaging in research and
development endeavours, and establishing networks and partnerships to acquire
knowledge.
CASE APPLICATION: Netcare showcases a robust acquisition strategy through its
proactive investments aimed at enhancing and expanding its capabilities and capacity.
This entails making investments in research and development initiatives, remaining
abreast of the most recent advancements in the medical field, and forging
collaborations with esteemed healthcare institutions to gain access to new knowledge.
ASSIMILATION OF INFORMATION
Assimilation refers to an organization's capacity to comprehend and interpret
innovative knowledge, subsequently merging it with pre-existing knowledge (Venter &
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller tatendamuzavazi. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $4.00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
56326 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now