MNG3701 Exam Prep (S1-2015)
Extracts from Tutorial Letters and Feedback & Responses from Lecturers
" examination we assess your insight and knowledge, and your ability to apply them. Please work through all the
learning units and all the activities and as
MNG Summaries Study unit 1 Q1-3 Important
1/3. Critically differentiate between the concepts of strategy, strategic planning &
strategic management. Important question (10)
Long-term direction of the organisation.
A pattern, in a stream of decis
MNG3701 Exam Prep (S2-2016)
Study Unit 1
1. Critically differentiate between the concepts of strategy, strategic planning and strategic
Strategy can be described as the long-term direction of the organisation, a pattern in a stream
LEARNING UNIT 1: INTRODUCTION TO STRATEGIC MANAGEMENT
*Define the concept of strategy and briefly explain its relationship to strategic management.
The purpose of strategy from a business perspective means out-competing an organisation's rivals through