MNG3701 Strategic Management (MNG3701)
University of South Africa
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MNG3701 STRATEGIC PLANNING EXAM PACK.
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---55November 20212021/2022A+
- MNG3701 STRATEGIC PLANNING EXAM PACK 
OCTOBER/NOVEMBER 2014 MEMORANDUM 
SECTION A 
QUESTION 1 – Differentiate between the THREE phases of the strategic management 
process 
The three stages or phases of the strategic management process are: 
 Strategy formulation 
 Strategy implementation 
 Strategy review and control 
Strategic formulation is the first stage in which the top management team decides what to do. 
This stage involves senior management. At this stage the management analyse the or...
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MNG3701_Study_Notes
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---53October 20212021/2022A+
- TOPIC 1 – STUDY UNIT 1.1 – AN OVERVIEW OF STRATEGIC MANAGEMENT 
1.1 INTRODUCTION (READ) 
Managers should realize they have an influence they can influence the competitive landscape. They need to start with a point of 
view of how the world can be, not how to improve what is available but rather how to alter it drastically. There are 4 
transformations that influenced and continue to influence the business models and work of strategists: 
1. Expansion of available strategic space – Companie...
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