, MNG3701 Assignment 1 (COMPLETE
ANSWERS) Semester 2 2025 - DUE September
2025
a) Differentiate between a vision statement and a mission
statement
Vision Statement: Describes the long-term aspirations of
a business — what it wants to become in the future. It is
future-oriented and inspirational.
o Example: “To be the customer’s first choice for
pharmacy, health and beauty.”
Mission Statement: Outlines the business's core purpose,
values, and the approach it takes to achieve its vision. It
focuses on the present.
o Example: “To provide customers with high-quality,
affordable healthcare, and beauty products in
convenient locations.”
b) Management Level and Duties of Ms Lorraine Mthombeni
Ms Lorraine Mthombeni, as a store manager, operates at the
middle management level.
Duties at this level include:
Implementing strategies and policies passed down by top
management.
ANSWERS) Semester 2 2025 - DUE September
2025
a) Differentiate between a vision statement and a mission
statement
Vision Statement: Describes the long-term aspirations of
a business — what it wants to become in the future. It is
future-oriented and inspirational.
o Example: “To be the customer’s first choice for
pharmacy, health and beauty.”
Mission Statement: Outlines the business's core purpose,
values, and the approach it takes to achieve its vision. It
focuses on the present.
o Example: “To provide customers with high-quality,
affordable healthcare, and beauty products in
convenient locations.”
b) Management Level and Duties of Ms Lorraine Mthombeni
Ms Lorraine Mthombeni, as a store manager, operates at the
middle management level.
Duties at this level include:
Implementing strategies and policies passed down by top
management.
