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MNG3701 Assignment 1 (COMPLETE ANSWERS) Semester 1 2025 - DUE 13 March 2025

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MNG3701 Assignment 1 (COMPLETE ANSWERS) Semester 1 2025 - DUE 13 March 2025; 100% TRUSTED Complete, trusted solutions and explanations. For assistance, Whats-App 0.6.7-1.7.1-1.7.3.9. Ensure your success with us... Questions Marks 1 Discuss five (5) Sustainable Development Goals (SDGs) that Standard Bank is trying to achieve. Motivate with examples from the Standard Bank report. MNG3702 10 2 Use the SMART principle to evaluate Standard Bank's short and medium targets(goals). 10 3 a) MNG3702 Standard Bank’s mission statement is “To facilitate real economic activity and support South Africa’s socio-economic development by being a purpose-driven financial institution that provides inclusive, sustainable, and innovative financial solutions to its clients, driving growth across Africa”. Evaluate this mission statement to determine whether it meets the requirements of a well-formulated mission statement. Afterwards, make recommendations as to what additional information Standard Bank could include in their mission statement. (5 marks) Hint: When evaluating the mission statement use a table with the following headings: aspects, yes/no and excerpt from the mission statement. b) Formulate a vision statement for Standard Bank. (2 marks) c) Evaluate the vision statement in b) above to determine whether it meets the requirements of a good vision statement. (8 marks) Hint: When evaluating the vision statement use a table with the following headings: characteristics, yes/no, reason(s). 15 2 4 a) Describe what the Balanced Score card entails when used in strategic planning. (2 marks). b) Use the four perspectives of the Balanced scorecard to formulate goals/targets that are aligned with the strategic direction of Standard Bank. (8 marks)

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MNG3701
Assignment 1 Semester 1 2025
Detailed Solutions, References & Explanations

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Due Date: 13 March 2025

TABLE OF CONTENTS
INTRODUCTION ................................................................................................................... 3

1. SUSTAINABLE DEVELOPMENT GOALS (SDGS) ADDRESSED BY STANDARD BANK 3

1.1. Financial Inclusion (SDG 1 and SDG 8) ...................................................................... 4

1.2. Enterprise Growth and Job Creation (SDG 8) ............................................................. 4

1.3. Infrastructure Development and Just Energy Transition (SDG 7 and SDG 9) .............. 4

1.4. Climate Change Mitigation and Resilience (SDG 13) .................................................. 5

1.5. Affordable Housing (SDG 11)...................................................................................... 5

2. EVALUATION OF STANDARD BANK'S TARGETS USING THE SMART PRINCIPLE ..... 5

3. MISSION AND VISION STATEMENTS ............................................................................. 8


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