Exam (elaborations)
MNG3702 EXAM PACK 2023
- Institution
- University Of South Africa (Unisa)
QUESTIONS AND ANSWERS
[Show more]
Content preview
MNG3702EXAM PACK
2023
QUESTIONS WITH
ANSWERS
Email: musyokah11@gmail.com
,MNG3702 ExaM
Pack 2023
LaTEST QUESTIONS
aND aNSWERS
, LESSON 1
INTRODUCTION TO STRATEGY IMPLEMENTATION
AND CONTROL
Define the term strategic management
Strategic management is the process for planning, implementing and controlling strategy
for the organisation.
The purpose of strategic management is to ensure that the organisation applies four key
elements, namely:
1. A clear and consistent long-term strategic direction in terms of what the organization
wants to achieve in future
2. A profound understanding of the external environment to ensure that the
organisation is able to align itself with opportunities and to deal with threats as
effectively as possible
3. An objective knowledge of the key resources, capabilities and weaknesses that the
organisation possesses as well as their value to allow the organisation to build on
these and develop a distinct competitive advantage
4. A proper alignment of organisational strategies, structure, systems, culture, and
functional and operational management (collectively referred to as organizational
architecture) to ensure the effective implementation of strategic plans, portfolios,
programmes, projects and initiatives
Demonstrate an understanding of where strategy implementation and control
fits into the strategic management process
Strategic management refers to the process for planning, implementing and controlling the
strategy of the organisation. It therefore consists of three components, namely strategic
planning, strategic implementation and strategic control.
Strategic implementation- its the doing part where both human and non-human
factors in the organisation are applied to ensure that the strategy is executed in line
with the devised plans. It consists of three elements namely change management,
organizational learning and resource allocation
Strategic control- entails control measures ensuring that strategies are on track. It
reviews and provides feedback to the formulation and implementation phases
MNG3702 EXAM CLASS PACK TRYMPH EDUCATION 2022 ©
Page 2
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 jpapaya. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R60,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
73918 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now