MNG 3701 (MNG3701)

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MNG3701 EXAM MAY/JUNE 2022_2023 Question 1 - With reference to the different strategic planning champions, explain who is involved in the strategic management process. [5] All management levels and employees have specific roles to fulfil in ensuring successful strategizing. The role of the top management team is to set the overall strategic direction of the organisation by formulating the strategy, allocating the resources and reviewing the strategic success. They are responsible for gathe...

Every business that operates in the modern world need to set and implement operating strategies that will lead to growth and success of the business. The changing and high competitive business markets, makes it important that business leaders makes informed decisions while developing organisational plans and strategies. They must ensure that their ideas are unique enough to attract clients and also ensure high quality to keep their customers loyal to them. In this essay Porter’s business leve...