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MNM2604 assignment 3 memo/answers semester 2 2023
- Institution
- University Of South Africa (Unisa)
95% pass mark
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MNM2604Assignment 3
Me
Date:16/10/2023
Results (95%)
Question 1
1.1
In business organizations, there are four levels of strategy that guide decision-
making. These levels are:
1. Corporate Strategy: This level of strategy focuses on the overall direction
and scope of the entire organization. Managers at this level are responsible
for making decisions that affect the organization as a whole. For example, at
African bank the CEO would be responsible for making decisions related to
expanding into new markets or acquiring other fast-food chains.
2. Business Unit Strategy: This level of strategy focuses on individual business
units or divisions within the organization. Managers at this level are
responsible for making decisions that impact the performance and
competitiveness of their specific business unit. For example, the regional
manager at African bank might have to make decisions regarding pricing
strategies or menu offerings for their region.
3. Functional Strategy: This level of strategy focuses on specific functional
areas within the organization, such as marketing, operations, or human
resources. Managers at this level are responsible for making decisions that
align with the overall business unit strategy. For example, the marketing
manager at African bank’s branches might have to make decisions regarding
advertising campaigns or promotional activities to attract customers.
4. Operational Strategy: This level of strategy focuses on day-to-day
operations and processes within the organization. Managers at this level are
responsible for making decisions that ensure the efficient and effective
execution of tasks. For example, the store manager at a African bank’s
branches might have to make decisions regarding staffing levels, inventory
management, or customer service protocols.
It is important to note that these levels of strategy are interconnected and
decisions made at one level can impact decisions made at other levels. .
Question 2
, 2.1
Components. Yes/no. Excerpt
From the
The product and Yes. -it show
Service That it a banking and wealth management company
-organization Yes. The
Value
organization clearly states that it values its organization philosophy,values and creates exceptional
service to clients
-marketing. Yes. -it has indicated that it trades in the areas of banking and wealth
management
-orientation No. -the mission
Towards
Survival and
Value
statement does not state any economic objectives towards growth and survival
-organization Yes. -the organizat
Philosophy Is committed to stakeholders welfare through meaningful
contribution to its people,communities and planet
2.2 echoes the aspirations of our founders, who sought to make a meaningful difference in the
lives of our people.
2.3 a)The Annual Performance Plan supports the agency's budget request by identifying the
performance goals and key milestones that an agency will pursue in the coming year. Results of
agency progress on strategic objectives and performance goals are presented and discussed in
the Annual Performance Report.
B) The NDP sets out ambitious goals for poverty reduction, economic growth, economic
transformation and job creation. The private sector has a major role to play in achieving these
objectives. Long-term planning and investment in the future is just as important for the private
as the public sector.
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