MNG3701
Assignment 1 (COMPLETE ANSWERS)
Semester 1 2025
DUE 13 March 2025
, ACTIVITIES
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)
Assignment 1 (COMPLETE ANSWERS)
Semester 1 2025
DUE 13 March 2025
, ACTIVITIES
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)
