Mng3701 exam questions - Study guides, Study notes & Summaries

MNG3701 STRATEGIC PLANNING EXAM PACK 2023 100+ QUESTIONS AND VERIFIED ANSWERS 2023. 1 | P a g e MNG3701 STRATEGIC PLANNING EXAM PACK OCTOBER/NOVEMBERMEMORANDUM SECTION A QUESTION 1 – Differentiate between the THREE phases of the strategic management process The three stages or phases of the strategic management process are: Strategy formulation Strategy implementation Strategy review and control Strategic formulation is the first stage in which the top management team decides...

MNG3701 EXAM PACK 2023 QUESTIONS AND ANSWERS. Competitive Advantage Explained: The organisation strives for is profitability. In order to make a profit in a specific industry, a business has to have something that makes it better than its competitors in the same industry. Spur restaurants have a competitive advantage in the area of creating a family atmosphere with good quality, affordable food and something for everyone: from steaks and burgers to pizzas and pastas and obviously also thei...

LATEST EXAM PACK QUESTIONS AND ANSWERS AND SUMMARIZED NOTES FOR EXAM PREPARATIONS. UPDATED FOR 2024 EXAMS.

MNG3702 EXAM PACK 2023 Revision PACK Questions. Answers EXAM TIPS Strategic Management-MNG3701/3702 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 th...

MNG3701 EXAM PACK 2022. 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. Writing and Self assessme...

MRL3701 LATEST Exam Pack - Detailed solutions. Great for exam preparations, all you need! This will help you gain a better understanding of the module and what is asked the most, all the best with your studies! This pack is not a duplicated pack and has been made with careful preparation and lots of time! (October Exam included)

MNG3701 EXAM PACK 2023 LATEST QUESTIONS AND ANSWERS. Use an example related to the Investec case study to explain the concept of ‘transient competitive advantage’. (2 marks) b) ‘According to the information provided in the case study, Investec has a transient competitive advantage’. Do you agree or disagree with this statement? Justify your answer. (3 marks) 1.2 a) Evaluate the 1999 mission statement of Investec to determine whether it meets the requirements of a good mission statem...

UNIVERSITY EXAMINATIONS MAY/JUNE 2022 MNG3701 Strategic Planning IIIA 70 Marks 3 Hours Examiners: First: Ms MH Mawila Second: Mr R Tharaga External: Ms S Hughes This paper consists of 7 pages. Instructions: 1. Answer all 4 questions. 2. Explanations should be in full sentences in order to earn full marks. 3. Honesty Declaration: Type ‘I AGREE’ (in full) before you upload your exam answer file. 4. The Invigilator App: • Please log in to The Invigilator App. You need to be c...

MNG3701 Strategic Planning Exam Pack questions and Solutions 2016. STRATEGIC PLANNING: EXAM REVISION 2016 Learning unit 1 Introduction to strategic management Define the concept of strategy and briefly explain its relationship to strategic management. TB p9 /SGp4 Strategy: - Its 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 co...

MNG3701 Strategic Planning Exam Pack questions and Solutions 2016. STRATEGIC PLANNING: EXAM REVISION 2016 Learning unit 1 Introduction to strategic management Define the concept of strategy and briefly explain its relationship to strategic management. TB p9 /SGp4 Strategy: - Its 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 com...