Exam (elaborations)
MNG3702 ASSIGNMENT 01 SEMESTER 01 2024
- Institution
- University Of South Africa (Unisa)
- Book
- Practising Strategy
MNG3702 ASSIGNMENT 01 SEMESTER 01 2024
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FULL NAMES:STUDENT NUMBER:
MODULE CODE: MNG3702
STRATEGY IMPLEMENTATION AND CONTROL
ASSIGNMENT 01 SEMESTER 01 2024
0
, Question 1
Absorptive capacity refers to an organization's ability to recognize, assimilate,
transform, and apply external knowledge and information to enhance its
performance and competitive advantage. It involves a systematic process of
acquiring, processing, and utilizing external information effectively.
Applying the four dimensions of absorptive capacity to Netcare:
1. Acquisition of external information:
• This dimension relates to how well an organization gathers relevant
information from its external environment. It involves identifying valuable
knowledge from external sources.
• Application to Netcare: Netcare demonstrates a strong acquisition of
external information. Their continuous investment in the latest medical
technologies and professional expertise shows a commitment to staying
updated with industry advancements. Additionally, their partnerships with
the public sector indicate a proactive approach to leveraging external
resources for mutual benefit.
2. Assimilation of acquired information:
• Assimilation refers to the organization's capability to analyze and make
sense of the information it has acquired. It involves interpreting and
understanding the implications of new information and sharing it
effectively within the organization.
• Application to Netcare: Netcare's extensive network of hospitals,
healthcare centers, and emergency services suggests a well-established
system for assimilating information. The fact that they operate the largest
private hospital in South Africa indicates a high level of competence in
understanding and applying medical knowledge.
3. Transformation of knowledge:
1
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