MNG3701 Strategic Management

University of South Africa

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MNG3701 STRATEGIC PLANNING EXAM PACK.
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    MNG3701 STRATEGIC PLANNING EXAM PACK.

  • MNG3701 STRATEGIC PLANNING EXAM PACK OCTOBER/NOVEMBER 2014 MEMORANDUM SECTION A QUESTION 1 – Differentiate between the THREE phases of the strategic management process The three stages or phases of the strategic management process are: Strategy formulation Strategy implementation Strategy review and control Strategic formulation is the first stage in which the top management team decides what to do. This stage involves senior management. At this stage the management analyse the or...
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MNG3701_Study_Notes
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    MNG3701_Study_Notes

  • TOPIC 1 – STUDY UNIT 1.1 – AN OVERVIEW OF STRATEGIC MANAGEMENT 1.1 INTRODUCTION (READ) Managers should realize they have an influence they can influence the competitive landscape. They need to start with a point of view of how the world can be, not how to improve what is available but rather how to alter it drastically. There are 4 transformations that influenced and continue to influence the business models and work of strategists: 1. Expansion of available strategic space – Companie...
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