MNG3701 Strategic Management (MNG3701)
University of South Africa
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MNG3701-Strategic Management EXAM PACK 2022.
- Exam (elaborations) • 41 pages • 2022
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MNG3701-Strategic Management EXAM PACK 2022. 1. Knowledge vs. Understanding 
Knowledge is when only theory is provided, which will account for 50% mark allocation. 
Students are required to demonstrate an understanding the concept by showing how it 
is/could be applied in practical context 
2. Critical Thinking 
There is a difference between “Discuss and Critically discuss”. To be critical entails “the 
judgement of the value of the concept, justification of its use in context”. 
3. Writ...

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MNG3701-Strategic Management Latest Updated Questions And Answers 2022.
- Exam (elaborations) • 34 pages • 2022
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MNG3701-Strategic Management Latest Updated Questions And Answers 2022. 1/3. Critically differentiate between the concepts of strategy, strategic planning & 
strategic management. Important question (10) 
Strategy: 
Long-term direction of the organisation. 
A pattern, in a stream of decisions, the way organisations achieves its objectives. 
It’s a choice of deliberate activities made in order to achieve a competitive advantage for the 
organisation. 
Strategic planning / strategy formulation: ...

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MNG3701-Strategic Management EXAM PREP FOR 2022.
- Exam (elaborations) • 24 pages • 2022
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MNG3701-Strategic Management EXAM PREP FOR 2022.1. Critically differentiate between the concepts of strategy, strategic planning and strategic 
management. 
Strategy 
Strategy is the art of aligning the company’s strategies in order to out-compete one’s competitors in a rival 
business market with a view to achieving the desired competitive advantage by ensuring that all the relevant 
departments within the firm are receiving similar information and training. Strategies are incorporated into...

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MNG3701-Strategic Management EXAM PACK GRADED A+ LATEST 2022.
- Exam (elaborations) • 95 pages • 2022
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MNG3701-Strategic Management EXAM PACK GRADED A+ LATEST 2022. Define the concept of strategy and briefly explain its relationship to strategic 
management. 
 Solution 
Strategy: 
 It’s generally seen as the result or outcome of fundamentally important pre-emptive, 
innovative management decisions about an organisation‘s strategic direction and 
strategic action plans to attain a sustainable competitive advantage and achieve its 
long-term objectives in rapidly changing and competitive ext...

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MNG3701 STUDY SUMMARY NOTES And EXAM PREPARATION
- Summary • 144 pages • 2022
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SOLUTIONS2024
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MNG3701 STUDY SUMMARY NOTES And EXAM PREPARATION. 
This document is a complete and an all-inclusive guide to MNG3701 - Strategic Management 
SSTRATEGY 
Strategy can be defined as the direction provided by the actions and decisions of strategists in 
pursuit of organisational goals . 
It encompasses a set of actions an organisation takes to create competitive advantage. It is the longterm direction of the organisation – the things the business does, the paths it follows and the 
decisions it ta...

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MNG3701 LATEST EXAM PACK
- Exam (elaborations) • 94 pages • 2022
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SOLUTIONS2024
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MNG3701 LATEST EXAM PACK. This is a complete and an all-inclusive guide to MNG3701 - Strategic Management 
A competitive advantage occurs when a significant number of buyers prefer the company's 
products or services over those of its competitors and when the basis for this preference is 
sustainable over the long term it’s called a sustainable competitive advantage 
Sustainable competitive advantage 
For a competitive advantage to be sustainable, there must be requirements: valuable, rare, t...

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MNG3701 Questions And Answers 2022.
- Exam (elaborations) • 34 pages • 2022
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SOLUTIONS2024
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MNG3701 
Questions And 
Answers 2022. This is an all-inclusive guide to MNG3701 - Strategic Management 
Critically differentiate between the concepts of strategy, strategic planning & 
strategic management. Important question (10) 
Strategy: 
Long-term direction of the organisation. 
A pattern, in a stream of decisions, the way organisations achieves its objectives. 
It’s a choice of deliberate activities made in order to achieve a competitive advantage for the 
organisation. 
Strategic planni...

-
MNG3701 EXAM PREPARATION FOR 2022
- Exam (elaborations) • 24 pages • 2022
-
SOLUTIONS2024
-
- R61,86
- + learn more
MNG3701 EXAM PREPARATION. MNG3701 - Strategic Management 
Critically differentiate between the concepts of strategy, strategic planning and strategic 
management. 
Strategy 
Strategy is the art of aligning the company’s strategies in order to out-compete one’s competitors in a rival 
business market with a view to achieving the desired competitive advantage by ensuring that all the relevant 
departments within the firm are receiving similar information and training. Strategies are incorporat...

-
MNG3701 EXAM PACK 2022
- Exam (elaborations) • 95 pages • 2022
-
SOLUTIONS2024
-
- R61,86
- + learn more
MNG3701 
EXAM 
PACK 2022.This is an all-inclusive guide to MNG3701 - Strategic Management 
Define the concept of strategy and briefly explain its relationship to strategic 
management. 
 Solution 
Strategy: 
 It’s generally seen as the result or outcome of fundamentally important pre-emptive, 
innovative management decisions about an organisation‘s strategic direction and 
strategic action plans to attain a sustainable competitive advantage and achieve its 
long-term objectives in rapidly...

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