Exam (elaborations)
MNG3702 Assignment 1 [Detailed Answers] Year Module - Due: 25 July 2024
- Institution
- University Of South Africa (Unisa)
MNG3702 Assignment 1 [Detailed Answers] Year Module - Due: 25 July 2024
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MNG3702ASSIGNMENT 1 (YEAR MODULE)
DUE DATE: 25 July 2024
Written Assignment Submission Guidelines:
Please ensure that your assignment is submitted electronically through the myUnisa platform no
later than July 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:
ANSWERS:
Applying the Process Perspective of Strategic Management to the Michelin Guide
Strategic management involves a continuous process of planning, monitoring, analyzing, and
assessing all that is necessary for an organization to meet its goals and objectives. Here, we apply
this to Michelin and the development of the Michelin Guide.
Stage 1: Strategy Formulation
Explanation:
• Strategy formulation involves developing the vision and mission of the organization, identifying
external opportunities and threats, and determining internal strengths and weaknesses. It
includes setting long-term objectives and generating alternative strategies.
Application to Michelin:
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