Study guides, Class notes & Summaries

MNG3702

MNG3702: STRATEGIC IMPLEMENTATION REVISION QUESTIONS. Diagrammatically depict and explain the four dimensions of the balanced scorecard. Describe the components of organisational architecture. Capabilities are distributed to the various stakeholders through the different organisational processes. The structure/system, KSA's (knowledge, skills and abilities) and technology specific to each organisation shape these processes, which are all in turn underscored by the organisational cultur...

1 Comment on the importance of strategy implementation as a component of the strategic management process. (5)The importance of strategy implementation in strategic management process is more about creating change that is timely and appropriate. Organisations could in the past make incremental changes to keep pace, but change is increasingly revolutionary and disruptive. Organisations have to deal with products being made obsolete in a very short space of time, and products have short...

QUESTIONS Question 1 (10 marks) ‘The Netcare Group invests in growing and continually improving their capabilities and capacity.’ Make a judgement with regards to the absorptive capacity of Netcare. In your answer, you need to explain the meaning of absorptive capacity and apply the dimensions thereof to Netcare’s systems and processes. (10 marks, of which 2 marks will be awarded to the explanation of absorptive capacity, and 8 marks to the application of the dimensions thereof to Ne...

EXPLAIN WHAT STRATEGIC CHANGE ENTAILS Correct Answer 1. Strategic change is *not normal change *, but *proactive change * to achieve strategic *goals. *Strategic change involves changing strategic direction in light of * internal and external factors. * 2. Strategic change may involve * large scale changes (revolution) *or many small incremental changes. 3. *Planned * strategic change processes (as opposed to unplanned change): change model *Kurt Lewin *, change model of John Kotter - can ...

Main purpose of a business? Correct Answer Traditionally, to make a profit. Currently - organisations must satisfy needs of all stakeholders, not only shareholders. 3 pillars of responsible strategic leader? Correct Answer * Sustainability strategic leadership - create direction, create alignment, maintain commitment. * Responsibility strategic leadership - key stakeholders * Ethical strategic leadership 6 levels of commitment to challenges of responsibility & sustainability? Correct Ans...

1 Comment on the importance of strategy implementation as a component of the strategic management process. (5) Correct Answer The importance of strategy implementation in strategic management process is more about creating change that is timely and appropriate. Organisations could in the past make incremental changes to keep pace, but change is increasingly revolutionary and disruptive. Organisations have to deal with products being made obsolete in a very short space of time, and products have...

SIX STRATEGIC LEADER *PRINCIPLES* Correct Answer Strategic leaders are... 1. *future orientated and anticipate change* - opportunities 2. *get things done * - best initiative - make difference. 3. *open new horizons* interpret different events, efficencie. 4. *reach out to stakeholders* value input, build trust 5. *fit to lead* - resilient, resourceful 6. *do the 'next' right thing and learn from experiences* ethical leadership, consider both short and long term goals EXCEPTIONAL ...

Discuss the reasons why leadership is an important driver of strategy implementation. (5) Correct Answer The role of leadership in strategy implementation. 1. Leadership drives strategic change. 2. Strategies cannot be implemented in isolation. Someone needs to lead and coordinate this process. Leadership is about influencing people so that they perform required tasks and activities. Effective leaders typically have high levels of emotional intelligence (trait theory/ term social intelligenc...