MNG3701 ASSIGNMENT 1 2015 SEME 1

SEMESTER 1
2025




MNG3701
ASSIGNMENT 1 2025
DUE: 13 MARCH 2025

,TABLE OF CONTENTS

INTRODUCTION........................................................... 3

CORPORATE SOCIAL RESPONSIBILITY (CSR) INITIATIVES BY ABC BANK
..................................................................................... 3

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

1.2. Small Business Development and Job Creation (SDG 8)
.........................................................................................4

1.3. Green Financing and Renewable Energy Investments (SDG 7 and SDG 13)
.........................................................................................5

1.4. Affordable Housing and Community Development (SDG 11)
......................................................................................... 5

1.5. Climate Risk Management and Sustainability (SDG 13)
.........................................................................................6

ASSESSMENT OF ABC BANK'S CSR GOALS USING THE SMART CRITERIA .........
6

MISSION AND VISION STATEMENTS ...............................9

3.a. Analysis of the Current Mission Statement
............................................................................................ 9
3.b. Proposal for a Refined Vision Statement ................................. 10

3.c. Critical Evaluation of the Vision Statement ........................................... 10

STRATEGIC MANAGEMENT THROUGH THE BALANCED SCORECARD ................
11

4.a. Role of the Balanced Scorecard in Organizational Strategy .......................... 11

4.b. Application of the Balanced Scorecard in ABC Bank’s Growth Strategy .................
12

CONCLUSION ........................................................................14

, Introduction




Standard Bank of South Africa (SBSA), a prominent financial institution in Africa, plays
a crucial role in driving economic progress, promoting sustainability, and addressing
social challenges across the continent. With a strong commitment to inclusive financial
solutions, SBSA strives to generate long-term value for its stakeholders while actively
contributing to the achievement of the global Sustainable Development Goals (SDGs).
This essay examines SBSA’s initiatives in advancing key SDGs, assessing its short-
and medium-term objectives through the SMART framework, and evaluating the
effectiveness of its mission and vision statements. Furthermore, it explores how
SBSA’s strategic planning aligns with the Balanced Scorecard approach, offering a
comprehensive analysis of its strategic direction. By integrating theoretical principles
with practical insights from SBSA’s 2023 Integrated Report, the essay provides an in-
depth perspective on the bank’s influence on Africa’s socio-economic landscape and
its broader impact on sustainable development.