,MNG3701 Assignment 1 (COMPLETE ANSWERS)
Semester 1 2025 - DUE 13 March 2025; 100%
TRUSTED Complete, trusted solutions and
explanations.
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. 10 2 Use the
SMART principle to evaluate Standard Bank's short and medium
targets(goals). 10 3 a) 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)
Question 1: Discuss five Sustainable Development Goals
(SDGs) that Standard Bank is trying to achieve. Motivate with
examples from the Standard Bank report.
Standard Bank is committed to advancing several United
Nations Sustainable Development Goals (SDGs) through its
operations and initiatives. Five notable SDGs that the bank
focuses on include:
1. SDG 1: No Poverty
o Example: Standard Bank provides financial services to
underserved communities, aiming to enhance
financial inclusion and reduce poverty levels. By
offering accessible banking solutions, the bank
empowers individuals to manage their finances
effectively, contributing to poverty alleviation.
2. SDG 7: Affordable and Clean Energy
o Example: The bank supports projects that promote
access to affordable and clean energy. By financing
renewable energy initiatives, Standard Bank
contributes to increasing energy access and
sustainability across Africa.
3. SDG 8: Decent Work and Economic Growth
Semester 1 2025 - DUE 13 March 2025; 100%
TRUSTED Complete, trusted solutions and
explanations.
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. 10 2 Use the
SMART principle to evaluate Standard Bank's short and medium
targets(goals). 10 3 a) 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)
Question 1: Discuss five Sustainable Development Goals
(SDGs) that Standard Bank is trying to achieve. Motivate with
examples from the Standard Bank report.
Standard Bank is committed to advancing several United
Nations Sustainable Development Goals (SDGs) through its
operations and initiatives. Five notable SDGs that the bank
focuses on include:
1. SDG 1: No Poverty
o Example: Standard Bank provides financial services to
underserved communities, aiming to enhance
financial inclusion and reduce poverty levels. By
offering accessible banking solutions, the bank
empowers individuals to manage their finances
effectively, contributing to poverty alleviation.
2. SDG 7: Affordable and Clean Energy
o Example: The bank supports projects that promote
access to affordable and clean energy. By financing
renewable energy initiatives, Standard Bank
contributes to increasing energy access and
sustainability across Africa.
3. SDG 8: Decent Work and Economic Growth
