Exam (elaborations)
MNG3701 Exam Study Guide
- Course
- MNG3701 Exam Study Guide
- Institution
- University Of South Africa (Unisa)
MNG3701 Exam Study Guide
[Show more]
1 review
By: Nkukza • 2 year ago
acceptable
Content preview
,,
, CONTENTS
Page
LESSON 1: The relationship between general management principles and strategic
management
1
1.1 The purpose of a business organisation 2
1.2 The primary outcomes of the business organisation 3
1.3 The role of managers in achieving the outcomes of the organisation 4
1.4 The various levels and areas of management 7
1.5 The hierarchy of organisational plans 9
1.6 The difference between a competitive advantage, a
sustainable competitive advantage and a transient competitive advantage 11
1.7 Conclusion 14
LESSON 2: The role of strategic management in an organisation 16
2.1 Introduction 16
2.2 Strategic management and its components 17
2.3 The universal principles of strategic management 19
2.4 The role of strategic management in realising the desired outcomes
of an organisation 20
2.5 The different levels of strategy in the organisation 21
2.6 The meaning of strategic success 22
2.7 A contemporary strategic management framework 23
2.8 Conclusion 24
LESSON 3: Setting strategic direction 26
3.1 Introduction 26
3.2 The process perspective on strategic management 27
3.3 Criticising the process perspective on strategic management 27
3.4 Explain the role of strategic direction in strategic planning 29
3.5 The last two steps in the strategic planning process 36
3.6 The last two phases in strategic management 37
3.7 Conclusion 37
LESSON 4: Analysing the external environment of the organisation 39
4.1 Introduction 39
(iii) MNG3701/1
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 EFT, 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 this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller UNISA2022. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R50,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
60434 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now