Mng301 Strategic Management Possible Questions
UNISA
Strategic Management Workshop
Knowing the answers to all of these questions (seventy-six in total) will guarantee you outstanding marks in the final examination as they represent the Strategic Management course (up to chapter six) in its entirety. Therefore virtually every question that can be associated with the course material thus far has been covered. Please therefore answer all of them in your own time in order to prepare yourself for the pending examination.
Once you have done so tackle the pilot examination (closed book) that is attached hereto. This should more than adequately prepare you for the final assessment! NB: Also complete the attached October/November 2006 examination.
Chapter 1:
1. Define strategic management (2) 2. What is meant by the term “a competitive advantage?” Provide an example (2) 3. Define the term “stakeholder” and name eight stakeholders that are associated with most firms (10) 4. Who are the most important stakeholders in an organization; the employees or the shareholders? Why? (2) 5. Differentiate between quantitative and qualitative decisions (2) 6. Briefly discuss the four key elements of the strategic management process (8) 7. Discuss five benefits and five risks associated with strategic management (10) 8. What is meant by the hierarchy of strategic management? Discuss the four elements. (10) 9. It is said that there is a stronger argument for strategic management in non-profit organizations. Discuss. (2)
Chapter 2:
1. What is meant by corporate governance and what does it deal with? (2) 2. The King11 report identified seven characteristics of good corporate governance. Name them (7) 3. From a governance point of view an organization’s Board of Directors has a number of responsibilities. Name five of these responsibilities (5) 4. What is meant by the
Strategic Management Workshop
Knowing the answers to all of these questions (seventy-six in total) will guarantee you outstanding marks in the final examination as they represent the Strategic Management course (up to chapter six) in its entirety. Therefore virtually every question that can be associated with the course material thus far has been covered. Please therefore answer all of them in your own time in order to prepare yourself for the pending examination.
Once you have done so tackle the pilot examination (closed book) that is attached hereto. This should more than adequately prepare you for the final assessment! NB: Also complete the attached October/November 2006 examination.
Chapter 1:
1. Define strategic management (2) 2. What is meant by the term “a competitive advantage?” Provide an example (2) 3. Define the term “stakeholder” and name eight stakeholders that are associated with most firms (10) 4. Who are the most important stakeholders in an organization; the employees or the shareholders? Why? (2) 5. Differentiate between quantitative and qualitative decisions (2) 6. Briefly discuss the four key elements of the strategic management process (8) 7. Discuss five benefits and five risks associated with strategic management (10) 8. What is meant by the hierarchy of strategic management? Discuss the four elements. (10) 9. It is said that there is a stronger argument for strategic management in non-profit organizations. Discuss. (2)
Chapter 2:
1. What is meant by corporate governance and what does it deal with? (2) 2. The King11 report identified seven characteristics of good corporate governance. Name them (7) 3. From a governance point of view an organization’s Board of Directors has a number of responsibilities. Name five of these responsibilities (5) 4. What is meant by the