Critical thinking exercise consider how strategy is

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Critical thinking exercise Consider how strategy is set in your organisation. How does each step of the strategic management process link up with the corporate governance guidelines contained in the King report? Guidelines to the critical thinking exercise Consider the principles of discipline, transparency, independence, accountability, responsibility, fairness and social responsibility and how each of these principles is achieved through the process of formulating and implementing a strategy.
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42 Part 1 Foundations of strategic management from a South African perspective Bibliography Armstrong, P., Segal, N. and Davis, B. 2005. ‘Corporate governance South Africa, a pioneer in Africa.’ Global Best Practice, Report No 1 . Johannesburg: The South African Institute of International Affairs. Accessed via Internet: May/2005final.pdf. Viewed: February 2009. Barrier, M. 2003. ‘Mervyn King: Principles, not rules.’ The Internal Auditor 60: 78–72. Business Report, ‘The Masterbond saga: 1983–2005’, March 2005, Business Report website, viewed 1 March 2009, . Business Report, ‘All eyes on Brown in Fidentia scandal’, February 2007, Business Report website, viewed 1 March 2009, . Carpenter, M. A. and Sanders, W. G. 2009. Strategic Management. A Dynamic Perspective – Concepts and Cases . 2nd edn. Upper Saddle River, New Jersey: Pearson Prentice Hall. Creamer Media, Policy, Law, Economics and Politics – Deepening Democracy through Access to Information website, viewed 29 July 2009, . Ethical Corporation, Ethical Corporation website, viewed 1 March 2009, . Falkema, H., Bamber, R. and Store, T. 2001. Financial Regulation in South Africa , SA Financial Sector Forum. Giles, J. 2009. ‘King 3 Published for Comment’, April 2009, michalsons website, viewed 5 March 2009, . Hosmer, L. 1994. ‘Strategic planning as if ethics mattered.’ Strategic Management Journal , 15: 17–34. Institute of Directors, ‘King II report of corporate governance’, 2002, University of KwaZulu- Natal’s website, viewed 5 March 2009, . King Commission. 25 February 2009. Draft code of governance principles for South Africa . Institute of Directors of Southern Africa. Malherbe, S. and Segal, N. 2001. Corporate Governance in South Africa. Trade and Industrial Policy Strategy, 2001 Annual Forum, Muldersdrift, RSA. Robertson, C. J. 2008. ‘An analysis of 10 years of Business Ethics Research.’ Strategic Management Journal : 1996–2005. Journal of Business Ethics , 80: 745–753. Vaughn, M. and Ryan, L. V. 2006. Corporate Governance in South Africa: A bellwether for the continent? Corporate Governance. An International Review , 14(5): 504–512.
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