MNB3701 Assignment 2 Complete Answers
2025/2026 || Verified Management Studies
Solutions
Description:
MNB3701 Assignment 2 study guide updated for 2025/2026. Provides verified
answers covering management and organizational studies.
MNB3701 assignment 2 answers management
Keywords:
exam prep 2025 MNB3701 verified solutions
MNB3701 complete answers organizational studies
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MNB3701: STRATEGIC MANAGEMENT - 100 FOUNDATIONAL Q&A
Theme 1: Introduction to Strategic Management
1. What is the primary purpose of strategic management?
To outline the direction an organisation will take to achieve a sustainable competitive
advantage and create value for its stakeholders.
2. What are the three core areas of strategic management?
Strategic analysis, strategic formulation, and strategic implementation.
3. A strategy is essentially a set of actions designed to achieve what?
Long-term goals and objectives.
4. What is the difference between a corporate-level strategy and a business-level
strategy?
, Corporate-level strategy is about what businesses to compete in; business-level strategy
is about how to compete in a specific business.
5. Operational strategies are primarily concerned with:
Improving the efficiency of functional areas like marketing, finance, and operations.
6. The strategic management process is best described as:
A continuous, iterative process of analysis, decisions, and actions.
7. What is a sustainable competitive advantage?
A long-term advantage over competitors that is difficult to imitate.
8. Which of the following is NOT a key attribute of strategic decisions?
a) They are long-term in nature.
b) They involve significant commitment of resources.
c) They are easy to reverse.
d) They are directed toward achieving organisational purpose.
9. The intended strategy is the plan as originally conceived, while the realized strategy is:
The strategy that actually takes place, often a blend of intended and emergent
strategies.
10. Strategic fit refers to:
Aligning the organisation's strategy and resources with its external environment.
Theme 2: The Strategic Context (Governance, Ethics, and Social Responsibility)
11. Corporate governance is primarily concerned with:
The systems, principles, and processes by which a company is directed and controlled.
12. The board of directors' key responsibilities include:
Overseeing management and representing the interests of shareholders.
13. What is the agency problem?
The conflict of interest between a company's management (agents) and its shareholders
(principals).
14. Stakeholder analysis is important because:
It helps managers identify and prioritize the needs of groups that can affect or are
affected by the organisation's objectives.
2025/2026 || Verified Management Studies
Solutions
Description:
MNB3701 Assignment 2 study guide updated for 2025/2026. Provides verified
answers covering management and organizational studies.
MNB3701 assignment 2 answers management
Keywords:
exam prep 2025 MNB3701 verified solutions
MNB3701 complete answers organizational studies
prep
MNB3701: STRATEGIC MANAGEMENT - 100 FOUNDATIONAL Q&A
Theme 1: Introduction to Strategic Management
1. What is the primary purpose of strategic management?
To outline the direction an organisation will take to achieve a sustainable competitive
advantage and create value for its stakeholders.
2. What are the three core areas of strategic management?
Strategic analysis, strategic formulation, and strategic implementation.
3. A strategy is essentially a set of actions designed to achieve what?
Long-term goals and objectives.
4. What is the difference between a corporate-level strategy and a business-level
strategy?
, Corporate-level strategy is about what businesses to compete in; business-level strategy
is about how to compete in a specific business.
5. Operational strategies are primarily concerned with:
Improving the efficiency of functional areas like marketing, finance, and operations.
6. The strategic management process is best described as:
A continuous, iterative process of analysis, decisions, and actions.
7. What is a sustainable competitive advantage?
A long-term advantage over competitors that is difficult to imitate.
8. Which of the following is NOT a key attribute of strategic decisions?
a) They are long-term in nature.
b) They involve significant commitment of resources.
c) They are easy to reverse.
d) They are directed toward achieving organisational purpose.
9. The intended strategy is the plan as originally conceived, while the realized strategy is:
The strategy that actually takes place, often a blend of intended and emergent
strategies.
10. Strategic fit refers to:
Aligning the organisation's strategy and resources with its external environment.
Theme 2: The Strategic Context (Governance, Ethics, and Social Responsibility)
11. Corporate governance is primarily concerned with:
The systems, principles, and processes by which a company is directed and controlled.
12. The board of directors' key responsibilities include:
Overseeing management and representing the interests of shareholders.
13. What is the agency problem?
The conflict of interest between a company's management (agents) and its shareholders
(principals).
14. Stakeholder analysis is important because:
It helps managers identify and prioritize the needs of groups that can affect or are
affected by the organisation's objectives.
