Mng 3701 - Study guides, Class notes & Summaries

MNG 3701 EXAM PACK 2021, UNISA

MNG 3701 EXAM PACK 2021, UNISA

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MNG 3701 Assignment 2 Semester 2 1 | Page Contents INTRODUCTION ............................................................................................................................... 2 Question 1.1 .................................................................................................................................... 2 Explain the relationship between resources, capabilities and core competencies ................... 2 Resources ........................................

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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 competitive advantage and achieve its long-term objectives in rapidly...

1 Comment on the importance of strategy implementation as a component of the strategic management process. (5) - -The importance of strategy implementation in strategic management process is more about creating change that is timely and appropriate. Organisations could in the past make incremental changes to keep pace, but change is increasingly revolutionary and disruptive. Organisations have to deal with products being made obsolete in a very short space of time, and products have shorter lif...

Question 1.1 .a A company consists of various level of management which can be observed in the list below:  Top management  Middle management  Lower management  Individual management. Top management: This relates to senior management who:  Controls the entire organisation as a whole.  They are responsible for the strategic planning and long term planning of the company.  They are also responsible for the leadership and control of the implementation of strategies....