MNG 3702 QUESTIONS WITH CORRECT ANSWERS 2025 UPDATE
Symptoms of structural deficiency = delayed decision-making, slow response to change, decline
in employee performance, conflicting departmental goals.
Define strategic control - ✔✔ Process used by organisations to control formation &
implementation of their strategies
Where does strategic control fit into strategic management process? - ✔✔ Strategic management
= formation, implementation and control of organisation's strategies.
Vision - mission - environmental analysis - strategy formation - strategy implementation -
strategic outcomes - strategic control.
Types of strategic control? - ✔✔ * Premise control = check whether premises on which a
strategy is grounded are still valid
* Strategic surveillance = to detect events, consult various sources
* Special alert control = unforeseen event
* Implementation control = monitoring strategic thrusts & milestone reviews
What is stakeholder accountability? - ✔✔ Process of providing relevant information to
stakeholders that allows them to hold organisation responsible for outcomes.
What is sustainable accounting? - ✔✔ Subset of accounting & reporting that deals with
activities, methods and systems to record, analyse and report ENVIRONMENTAL & SOCIAL
& ECONOMIC IMPACTS of an organisation.
,Explain the sustainable accounting process - ✔✔ * Phase 1 = identify account & gather data
* Phase 2 = evaluate & elaborate data (costing models, sustainability performance metrics,
indicators - economic, social, enviornmental)
* Phase 3 = reporting (supplemental / integrated)
* Phase 4 = strategic control (compare results achieved with strategic objectives)
What makes a person a leader? - ✔✔ 1) There need to be followers.
2) A leader is out front, determining the standard.
3) Leader strives to build authentic relationships.
4) A leader is not necessarily an individual.
5) Leader and followers have a common goal.
Strategic leadership? - ✔✔ Process by which a strategic leader influences followers to achieve
strategic vision of the organisation.
6 requirements for leader to be considered operating on strategic level? - ✔✔ 1) Ability to build
knowledge of environment
2) Authentic leadership
3) Understand organisation
4) Ability to create shared understanding
5) Feel comfortable with change
6) Rooting in functional skills
, Essence of strategic leadership? (Boal and Hooiberg) - ✔✔ Creation & maintenance of:
1) Absorptive capacity
2) Adaptive capacity
3) Managerial wisdom
Define organisational structure? - ✔✔ The formal configuration of individuals and groups
regarding the allocation of resources, responsibility & authority.
3 organisational structure components? - ✔✔ (1 & 2 = structural framework, vertical hierarchy)
(3 = horizontal & vertical)
1) Designates formal reporting relationships (hierarchical levels & span of control).
2) Identifies grouping of individuals in departments & the departments of the organisation.
3) Includes the design of systems, processes & procedures.
What is a strategic risk? - ✔✔ Uncertain set of events which, should it occur, will have an effect
on the achievement of strategic objectives. Risks that originate in the internal environment are
not considered strategic risks.
Explain the strategic risk management process. - ✔✔ 1) Risk identification
2) Risk analysis
3) Risk evaluation & responses = avoidance, transfer, acceptance, exploitation (positive),
mitigation.
Symptoms of structural deficiency = delayed decision-making, slow response to change, decline
in employee performance, conflicting departmental goals.
Define strategic control - ✔✔ Process used by organisations to control formation &
implementation of their strategies
Where does strategic control fit into strategic management process? - ✔✔ Strategic management
= formation, implementation and control of organisation's strategies.
Vision - mission - environmental analysis - strategy formation - strategy implementation -
strategic outcomes - strategic control.
Types of strategic control? - ✔✔ * Premise control = check whether premises on which a
strategy is grounded are still valid
* Strategic surveillance = to detect events, consult various sources
* Special alert control = unforeseen event
* Implementation control = monitoring strategic thrusts & milestone reviews
What is stakeholder accountability? - ✔✔ Process of providing relevant information to
stakeholders that allows them to hold organisation responsible for outcomes.
What is sustainable accounting? - ✔✔ Subset of accounting & reporting that deals with
activities, methods and systems to record, analyse and report ENVIRONMENTAL & SOCIAL
& ECONOMIC IMPACTS of an organisation.
,Explain the sustainable accounting process - ✔✔ * Phase 1 = identify account & gather data
* Phase 2 = evaluate & elaborate data (costing models, sustainability performance metrics,
indicators - economic, social, enviornmental)
* Phase 3 = reporting (supplemental / integrated)
* Phase 4 = strategic control (compare results achieved with strategic objectives)
What makes a person a leader? - ✔✔ 1) There need to be followers.
2) A leader is out front, determining the standard.
3) Leader strives to build authentic relationships.
4) A leader is not necessarily an individual.
5) Leader and followers have a common goal.
Strategic leadership? - ✔✔ Process by which a strategic leader influences followers to achieve
strategic vision of the organisation.
6 requirements for leader to be considered operating on strategic level? - ✔✔ 1) Ability to build
knowledge of environment
2) Authentic leadership
3) Understand organisation
4) Ability to create shared understanding
5) Feel comfortable with change
6) Rooting in functional skills
, Essence of strategic leadership? (Boal and Hooiberg) - ✔✔ Creation & maintenance of:
1) Absorptive capacity
2) Adaptive capacity
3) Managerial wisdom
Define organisational structure? - ✔✔ The formal configuration of individuals and groups
regarding the allocation of resources, responsibility & authority.
3 organisational structure components? - ✔✔ (1 & 2 = structural framework, vertical hierarchy)
(3 = horizontal & vertical)
1) Designates formal reporting relationships (hierarchical levels & span of control).
2) Identifies grouping of individuals in departments & the departments of the organisation.
3) Includes the design of systems, processes & procedures.
What is a strategic risk? - ✔✔ Uncertain set of events which, should it occur, will have an effect
on the achievement of strategic objectives. Risks that originate in the internal environment are
not considered strategic risks.
Explain the strategic risk management process. - ✔✔ 1) Risk identification
2) Risk analysis
3) Risk evaluation & responses = avoidance, transfer, acceptance, exploitation (positive),
mitigation.
