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MNG3701 Assignment 2 (COMPLETE ANSWERS) Semester 1 2025 - DUE 14 April 2025 R47,31
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MNG3701 Assignment 2 (COMPLETE ANSWERS) Semester 1 2025 - DUE 14 April 2025

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MNG3701 Assignment 2 (COMPLETE ANSWERS) Semester 1 2025 - DUE 14 April 2025

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  • January 29, 2025
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  • 2024/2025
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THEBLAZE1
,MNG3701 Assignment 2 (COMPLETE ANSWERS)
Semester 1 2025 - DUE 14 April 2025; 100%
TRUSTED Complete, trusted solutions and
explanations.
Questions Marks 1 Strategic leaders can analyse a particular
competitor in the industry in detail by applying the four-corner
analysis to predict what a particular competitor will do in the
future. Identify one major competitor of Standard Bank of
South Africa and apply the four-corner analysis to analyse the
competitor. a) Briefly explain the ‘four-corner analysis.’ (1 mark)
b) Identify one major competitor of Standard Bank South Africa.
(1 mark) c) Apply the four-corner analysis to analyse the
identified competitor of Standard Bank South Africa. (8 marks)
10 2 The report states that South Africa’s credit recovery
remained strained with high inflation, tighter credit conditions,
a weaker rand, interest rate increases, and an increase in
unemployment. As an expert in strategic planning, advise
Standard Bank of South Africa on the reasons why the cost
leadership strategy would be an appropriate Business-level
strategy to follow. Hint: a) Discuss what cost leadership entails.
(2 marks) b) Briefly discuss one practical way in which Standard
Bank of South Africa can apply the cost leadership strategy. (2
marks) c) Use the three evaluation criteria to evaluate the
appropriateness of the cost leadership strategy in relation to
Standard Bank of South Africa. (6 marks) 10 3 Standard Bank of
South Africa report mentions the following: “We compete head-
on with the other South African players who have a similarly

,broad offering as well as with new entrants with more niche
offerings”. a) Identify two of Porter’s Five Forces referred to in
the above statement. Use the identified forces to analyse the
Banking industry in South Africa. (6 marks) b) Perform a SWOT
analysis for Standard Bank of South Africa. (4 marks) 10
MNG3701/101/3/2025 4 Use a suitable model to analyse the
macro-environment of the banking industry where Standard
Bank of South Africa is operating. Hint: your analysis should
include five (5) factors. Explain each factor and discuss the
impact of each on a company such as Standard Bank of South
Africa
Question 1
a) Briefly explain the ‘four-corner analysis.’ (1 mark)
The four-corner analysis is a strategic framework used to predict
a competitor's future actions by examining four key aspects:
1. Drivers: The underlying motivations guiding the
competitor's strategy, such as corporate culture,
management incentives, and financial goals.
2. Current Strategy: The competitor's present approach to
the market, including its product offerings, target
segments, and marketing tactics.
3. Management Assumptions: The beliefs and perceptions
that the competitor's management holds about the
industry, themselves, and other companies.

, 4. Capabilities: The resources and competencies that enable
the competitor to execute its strategy, such as
technological expertise, human resources, and financial
strength.
By analyzing these four components, organizations can
anticipate a competitor's potential strategic moves and develop
appropriate responses.
b) Identify one major competitor of Standard Bank South
Africa. (1 mark)
One major competitor of Standard Bank South Africa is
FirstRand Bank.
c) Apply the four-corner analysis to analyse the identified
competitor of Standard Bank South Africa. (8 marks)
1. Drivers
FirstRand Bank's primary drivers include a focus on innovation,
customer-centric services, and expansion into new markets. The
bank emphasizes digital transformation to enhance customer
experience and operational efficiency. Additionally, FirstRand
aims to diversify its revenue streams by exploring opportunities
beyond traditional banking services.
2. Current Strategy
FirstRand operates through well-established brands such as
First National Bank (FNB), Rand Merchant Bank (RMB), and
WesBank, catering to various market segments. The bank has

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