Exam (elaborations)
MNG3702 Assignment 1 (Complete Answers) Semester 1 - Due: March 2024
- Institution
- University Of South Africa (Unisa)
MNG3702 Assignment 1 (Complete Answers) Semester 1 - Due: March 2024
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MNG3702ASSIGNMENT 1 (SEMESTER 1)
DUE DATE: March 2024
Written Assignment Submission Guidelines:
Please ensure that your assignment is submitted electronically through the myUnisa platform no later than
March 2024. Kindly note that fax or email submissions will not be accepted.
NB: Assignment submitted to the lecturer(s) through email will not be considered.
QUESTION 1
Absorptive capacity refers to an organization's ability to recognize, absorb, and utilize new external
information to address business challenges effectively. There are four key dimensions that determine an
organization's absorptive capacity:
1. Acquisition of External Information:
This involves the organization's ability to gather relevant information from its external environment
promptly. Netcare, a leading healthcare provider, ensures it stays abreast of medical advancements by
actively participating in conferences, collaborating with research institutes, and fostering partnerships
with medical technology companies. By staying updated, Netcare can identify valuable external
knowledge to enhance patient care.
2. Assimilation of Acquired Information:
Assimilation refers to the organization's capacity to analyze and understand the significance of acquired
information. Netcare emphasizes assimilation by investing in employee training programs, workshops,
and seminars. Healthcare professionals are encouraged to attend courses to improve their skills and
remain updated. Additionally, Netcare utilizes internal databases and knowledge-sharing platforms to
facilitate effective information sharing among staff.
3. Transformation of Knowledge:
This involves integrating new knowledge with existing knowledge to generate new ideas. Netcare adapts
its internal processes and procedures to accommodate newly acquired knowledge. For instance, if a new
medical procedure is introduced, Netcare adjusts clinical processes and patient care pathways. This
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