,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)
Here’s a breakdown of how you could approach these questions
based on the details you're likely to need.
1. Discuss five (5) Sustainable Development Goals (SDGs) that
Standard Bank is trying to achieve. Motivate with examples
from the Standard Bank report. (10 marks)
SDG 1 – No Poverty: Standard Bank’s financial inclusion
initiatives aim to increase access to banking services for
underserved populations. Examples could include their
mobile banking services, which allow people in rural areas
to access financial services.
SDG 4 – Quality Education: Standard Bank may support
education through partnerships, scholarships, and
community projects that focus on skill development for
young people.
SDG 7 – Affordable and Clean Energy: Through financing
and investments, Standard Bank could be supporting
projects related to renewable energy, helping to drive the
transition to greener energy sources.
SDG 8 – Decent Work and Economic Growth: Standard
Bank’s goal to support job creation in Africa by offering
financing to businesses and promoting entrepreneurship
aligns with SDG 8.
, SDG 13 – Climate Action: The bank may be involved in
funding green projects or engaging in sustainable business
practices to mitigate the impact of climate change.
2. Use the SMART principle to evaluate Standard Bank's short
and medium-term targets (goals). (10 marks)
The SMART principle evaluates goals based on whether they
are:
Specific: Clearly defined and focused on one objective.
Measurable: The goal should be quantifiable.
Achievable: The goal must be realistic.
Relevant: The goal must align with the organization’s
strategic direction.
Time-bound: A clear deadline or timeframe for achieving
the goal.
To evaluate Standard Bank’s goals:
Short-term (within 1 year): Example: Expanding mobile
banking services to 1 million new customers.
o Specific? Yes, the goal is clear.
o Measurable? Yes, it can be tracked by the number of
new users.
o Achievable? Yes, given the bank's resources.
o Relevant? Yes, it aligns with financial inclusion.
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)
Here’s a breakdown of how you could approach these questions
based on the details you're likely to need.
1. Discuss five (5) Sustainable Development Goals (SDGs) that
Standard Bank is trying to achieve. Motivate with examples
from the Standard Bank report. (10 marks)
SDG 1 – No Poverty: Standard Bank’s financial inclusion
initiatives aim to increase access to banking services for
underserved populations. Examples could include their
mobile banking services, which allow people in rural areas
to access financial services.
SDG 4 – Quality Education: Standard Bank may support
education through partnerships, scholarships, and
community projects that focus on skill development for
young people.
SDG 7 – Affordable and Clean Energy: Through financing
and investments, Standard Bank could be supporting
projects related to renewable energy, helping to drive the
transition to greener energy sources.
SDG 8 – Decent Work and Economic Growth: Standard
Bank’s goal to support job creation in Africa by offering
financing to businesses and promoting entrepreneurship
aligns with SDG 8.
, SDG 13 – Climate Action: The bank may be involved in
funding green projects or engaging in sustainable business
practices to mitigate the impact of climate change.
2. Use the SMART principle to evaluate Standard Bank's short
and medium-term targets (goals). (10 marks)
The SMART principle evaluates goals based on whether they
are:
Specific: Clearly defined and focused on one objective.
Measurable: The goal should be quantifiable.
Achievable: The goal must be realistic.
Relevant: The goal must align with the organization’s
strategic direction.
Time-bound: A clear deadline or timeframe for achieving
the goal.
To evaluate Standard Bank’s goals:
Short-term (within 1 year): Example: Expanding mobile
banking services to 1 million new customers.
o Specific? Yes, the goal is clear.
o Measurable? Yes, it can be tracked by the number of
new users.
o Achievable? Yes, given the bank's resources.
o Relevant? Yes, it aligns with financial inclusion.
