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MNG3702 EXAM PACK 2023
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MNG3702EXAM PACK
2023
QUESTIONS WITH
ANSWERS
,MNG3702 ExaM
Pack 2023
LaTEST QUESTIONS
aND aNSWERS
, LESSON 1
INTRODUCTION TO STRATEGY IMPLEMENTATION
AND CONTROL
Define the term strategic management
Strategic management is the process for planning, implementing and controlling strategy
for the organisation.
The purpose of strategic management is to ensure that the organisation applies four key
elements, namely:
1. A clear and consistent long-term strategic direction in terms of what the organization
wants to achieve in future
2. A profound understanding of the external environment to ensure that the
organisation is able to align itself with opportunities and to deal with threats as
effectively as possible
3. An objective knowledge of the key resources, capabilities and weaknesses that the
organisation possesses as well as their value to allow the organisation to build on
these and develop a distinct competitive advantage
4. A proper alignment of organisational strategies, structure, systems, culture, and
functional and operational management (collectively referred to as organizational
architecture) to ensure the effective implementation of strategic plans, portfolios,
programmes, projects and initiatives
Demonstrate an understanding of where strategy implementation and control
fits into the strategic management process
Strategic management refers to the process for planning, implementing and controlling the
strategy of the organisation. It therefore consists of three components, namely strategic
planning, strategic implementation and strategic control.
Strategic implementation- its the doing part where both human and non-human
factors in the organisation are applied to ensure that the strategy is executed in line
with the devised plans. It consists of three elements namely change management,
organizational learning and resource allocation
Strategic control- entails control measures ensuring that strategies are on track. It
reviews and provides feedback to the formulation and implementation phases
MNG3702 EXAM CLASS PACK TRYMPH EDUCATION 2022 ©
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