MNG3702 Strategic management in business. (MNG3702)
Instelling
University Of South Africa
MNG3702_assignment_2_semester_1_2024_referencing_and_reference_list_included_at_this_
Question 1
Strategic management in business involves the comprehensive planning, execution, and control of organizational resources and initiatives to achieve long-term goals and objectives. It encompasses b...
MNG3702 Strategic management in business. (MNG3702)
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MNG3702 Assignment 2
Semester 1 2024
(Referencing and
Reference List Included)
At this level it is
important to use more
than one source!
,MNG3702 Assignment 2 Semester 1 2024
MNG3702 Assignment 2 Semester 1 2024
The detailed solutions cover leadership and management practices at Netcare,
including vision-setting, innovation encouragement, workforce development, clinical
service delivery, strategic engagements, and strategic partnerships. Pillars of
responsible strategic leadership and applications. Creating a responsible
organisational structure and discussing each of the three key phases in the process.
The strategic management process in detail and each is discussed.
At this level it is important to use more than one source.
Various relevant sources were used, and the book Botha, T., & Venter, P. (2022).
Practising Strategy: A Southern African Context (3rd ed.). Juta Legal and Academic
Publishers.
Sources are referenced and a reference list at the end!
Contents
Question 1 .................................................................................................................. 2
Leadership at Netcare: ........................................................................................... 2
Management at Netcare ......................................................................................... 2
Alternative Answer: ................................................................................................. 3
Question 2 .................................................................................................................. 4
EXTRA Overview: ................................................................................................... 5
The four pillars of corporate sustainability ........................................................... 5
Question 3 .................................................................................................................. 7
Phase 1: Understanding the Organization .............................................................. 7
Phase 2: Developing a Responsible Organizational Structure................................ 8
Phase 3: Developing the Organization Responsibly ............................................... 9
Extra ....................................................................................................................... 9
Question 4 ................................................................................................................ 11
Strategic Planning................................................................................................. 11
Key Example: Strategic Planning at Netcare:.................................................... 12
Strategy Implementation ....................................................................................... 12
Key Example: Strategy Implementation at Netcare: .......................................... 13
Strategy Review and Control: ............................................................................... 13
Key Example: Strategy Review and Control at Netcare: ................................... 14
Concluding ............................................................................................................ 15
Extra ..................................................................................................................... 15
References ............................................................................................................... 16
1
, MNG3702 Assignment 2 Semester 1 2024
Question 1
Strategic management in business involves the comprehensive planning, execution,
and control of organizational resources and initiatives to achieve long-term goals and
objectives. It encompasses both leadership and management functions, as outlined
in the provided question regarding Netcare.
Leadership at Netcare:
Leadership involves setting an unobstructed vision, inspiring and motivating people
to achieve that vision, and creating a supportive environment for them to do so
(Northouse, 2019). Leadership at Netcare involves setting a clear vision and
inspiring employees to work towards it:
• Vision Setting: Netcare's leadership sets a compelling vision for the company's
future, emphasizing the delivery of the best and safest patient care. This vision
serves as a guiding principle for all organizational activities.
• Inspiring Innovation: Leaders encourage innovation and operational
optimization to add value to stakeholders. By fostering an environment where
employees feel empowered to contribute ideas and skills, Netcare cultivates a
culture of innovation and continuous improvement.
• Investing in Workforce Development: Netcare demonstrates its commitment
to long-term success by investing in workforce development and community
engagement. This investment not only enhances employee skills and morale but
also strengthens the organization's relationship with its stakeholders.
Management at Netcare:
Management involves planning, organizing, and controlling resources to achieve
specific goals and objectives. While leadership focuses on setting direction and
inspiring people, management focuses on implementation and ensuring the efficient
use of resources (Daft, Murphy, & Willmott, 2010). Management involves efficient
planning, organization, and control of resources to achieve specific goals:
• Delivering Excellent Clinical Services: Netcare's management ensures the
consistent delivery of excellent clinical services. This demonstrates effective
operational control and resource utilization, ultimately contributing to the
organization's goal of providing the best and safest patient-centred care.
• Engaging Strategic Stakeholders: Management engages with doctors and
funders strategically to drive organic growth. Through efficient planning and
resource allocation, Netcare establishes partnerships that support its growth
targets and sustainability.
2
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