MNG3701 Assignment 1 (DETAILED ANSWERS) Semester 1 2024- DISTINCTION GUARANTEED

MNG3701 Assignment 1 (DETAILED ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED Answers, guidelines, workings and references .. ..................... 1 In the context of responsible management, responsibility focuses on stakeholder engagement with the aim to optimise stakeholder value. Discuss the concept of stakeholders. Your discussion should include the following: • Narrow and broader view of stakeholders. • Examples of stakeholders and how MTN adds value to its 10 MNG3701/101/3/2024 21 stakeholders. 2 Discuss MTN’s Commitment towards the SDGs. Your discussion should also indicate whether the MTN group a responsible organisation or not. 10 3 MTN is not just doing “business as usual”, but it is deliberately steering the organisation into the direction of its strategic goals. a) Formulate a SMART goal for MTN. b) Explain how the goal formulated in a) above meets the SMART principle. 10 4 MTN’s purpose is to enable the benefits of a modern connected life for everyone. a) Differentiate between a purpose statement, vision statement and mission statement. b) Formulate a vision statement for MTN. c) Evaluate the vision statement in b) above to determine whether it meets the requirements of a good vision statement. Hint: When evaluating the vision statement use a table with the following headings; characteristics, yes/no, reason(s).