Name & Surname
Student Number:
Module: MNG3701
Assignment: 01
Semester: 01
Year: 2025
INTRODUCTION
This assignment evaluates and discusses various strategic management related
concepts derived from Standard Bank’s 2023 Annual Integrated Report. The initial
question evaluates the concept of Sustainable Development Goals (SDGs), revising
the SDGs which are pursued by that Standard Bank. The second question in this
assignment reviews the aspect of the SMART framework, which encourages business
to set goals which are specific, can be measured, can be achieved and are realistic
and which have a time line to be achieved (Botha & Venter, 2022). The third question
reviews the aspects which must be present for a good mission and vision statement.
It also formulates and evaluates a vision statement for Standard Bank. The final
question, which is Question Four looks at the use of a balanced scorecard as a tool to
develop strategic goals which are aligned with the strategic direction which the
business intends to follow.
1
Student Number:
Module: MNG3701
Assignment: 01
Semester: 01
Year: 2025
INTRODUCTION
This assignment evaluates and discusses various strategic management related
concepts derived from Standard Bank’s 2023 Annual Integrated Report. The initial
question evaluates the concept of Sustainable Development Goals (SDGs), revising
the SDGs which are pursued by that Standard Bank. The second question in this
assignment reviews the aspect of the SMART framework, which encourages business
to set goals which are specific, can be measured, can be achieved and are realistic
and which have a time line to be achieved (Botha & Venter, 2022). The third question
reviews the aspects which must be present for a good mission and vision statement.
It also formulates and evaluates a vision statement for Standard Bank. The final
question, which is Question Four looks at the use of a balanced scorecard as a tool to
develop strategic goals which are aligned with the strategic direction which the
business intends to follow.
1
