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MNG3701 ASSESSMENT 1 SEMESTER 1 2025 Discuss five (5) Sustainable Development Goals (SDGs) that Standard Bank is trying to achieve. Motivate with examples from the Standard Bank report. Use the SMART principle to evaluate Standard Bank's short a

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MNG3701 ASSESSMENT 1 SEMESTER 1 2025 Discuss five (5) Sustainable Development Goals (SDGs) that Standard Bank is trying to achieve. Motivate with examples from the Standard Bank report. Use the SMART principle to evaluate Standard Bank's short and medium targets(goals). 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). 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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Table of Contents
Introduction ............................................................................................................ 4
1. Discuss five (5) Sustainable Development Goals (SDGs) that Standard Bank is
trying to achieve. Motivate with examples from the Standard Bank report. [10] ............. 4
2. Use the SMART principle to evaluate Standard Bank's short and medium targets
(goals). [10] ............................................................................................................. 5
3a). Standard Bank’s mission statement .................................................................... 8
b) Formulate a vision statement for Standard Bank. (2 marks) ..................................... 9
c) Evaluation of the vision statement in b) above to determine whether it meets the
requirements of a good vision statement. (8 marks) .................................................... 9
4a). Describe what the Balanced Score card entails when used in strategic planning. (2
marks). .................................................................................................................. 11
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) ........................... 12
References ............................................................................................................ 15




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