MNG3701 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 (620712) - DUE 16 September 2024
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Module
MNG3701
Institution
MNG3701
Book
Practising Strategy
Here’s a comprehensive list of 100 questions and answers
based on the Strategic Planning IIIA (MNG3701) course
and the book "Practicing Strategy" by Graham et al.
These questions cover various aspects of strategic
planning, from foundational concepts to more advanced
topics.
MNG3702 Latest exam pack questions and answers and summarized notes for exam preparation.
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Here’s a comprehensive list of 100 questions and answers
based on the Strategic Planning IIIA (MNG3701) course
and the book "Practicing Strategy" by Graham et al.
These questions cover various aspects of strategic
planning, from foundational concepts to more advanced
topics.
Questions and Answers
1. What is strategic planning?
2. Why is strategic planning important for
organizations?
3. What is the PESTEL framework?
4. How does Porter’s Five Forces model
help in industry analysis?
5. What is SWOT analysis and how is it
used?
6. Define a vision statement.
7. What is the purpose of a mission
statement?
,8. What is the difference between
business-level and corporate-level
strategies?
9. What is cost leadership strategy?
10. Describe differentiation strategy.
11. What is a focus strategy?
12. What is diversification in corporate-
level strategy?
13. What does vertical integration involve?
14. Define strategic alliances.
15. What are action plans in strategy
implementation?
16. Why is resource allocation important
in strategy implementation?
17. How does organizational structure
impact strategy implementation?
18. What role does leadership play in
strategy implementation?
, 19. What are performance metrics?
20. How are feedback mechanisms used
in strategic control?
21. What is strategic review?
22. Explain the concept of dynamic
capabilities.
23. Why is innovation important in
strategic planning?
24. What is the significance of
sustainability in strategy?
25. How does ethical consideration
influence strategic planning?
26. What are the benefits of using case
studies in strategic planning?
27. What challenges might organizations
face in strategic planning?
28. How does globalization impact
strategic planning?
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