Study notes MNG3701 (MNG3701) at University of South Africa (Unisa)

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MNG3701__BUNDLE
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This Document is to help you prepare for your Examination.

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MNG3701_Summary
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MNG3701__Summary INTRODUCTION There are so many factors and complicated environmental changes, including cultural and political, that strategic management should be seen as essential to the management process of any organisation. 2. DEFINITION 2.1 STRATEGIC MANAGEMENT- Is a deliberate effort by the organisation to allocate resources in such a way that the organisation could realise an above average return on investment in order to have a competitive advantage over its competitors over lo...

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MNG3701_STRATEGIC_PLANNING_Summary _Q & A
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MNG3701_STRATEGIC_PLANNING_Summary Strategic Planning 1. Differentiate between profit maximization and wealth maximization within a strategic management context? (5) Wealth Maximisation Profit Maximisation  Long term focus of the success of the organisation  Short term focus of the success of the organisation  Wealth maximisation for all stakeholders  Profit maximations for all shareholders.  Emphasis sustainability and survival in the long term  Emphasis max pro...

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MNG3701_Final_Exam_Revision
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MNG3701_Final_exam_revision Differentiate between the 3 phases of the strategic management process (5) ch1 Strategic planning. This stage is largely the responsibility of top management. It is the first stage in the strategic management process and focuses on the organisation’s strategic direction. Strategy implementation. Strategy implementation is the action stage of the strategic management process and requires input and participation from everyone in the organisation. There are differ...

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MNG3701___Exam_Prep_S1_2015___Questions__Outcomes
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MNG3701___Exam_Prep_S1_2015___Questions__Outcomes MNG3701 – Exam Prep (S1-2015) Extracts from Tutorial Letters and Feedback & Responses from Lecturers "… examination we assess your insight and knowledge, and your ability to apply them. Please work through all the learning units and all the activities and assessment questions at the end of each learning unit. Study the learning units in conjunction with the prescribed textbook (the learning units are a wrap-around guide to the textbook...

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