An assignment guide with MTN case application on how students can approach the assignment. It has examples as per the case but students are not allowed to copy and paste
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0717513144 MNG3701 ASS 1 SEM 1 2024 muzavazi47@gmail.com
DISCLAIMER
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
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,0717513144 MNG3701 ASS 1 SEM 1 2024 muzavazi47@gmail.com
, 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 &
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