MNG3701 ASSIGNMENT 1 SEMESTER 1 2025

Description

Discuss five (5) Sustainable Development Goals (SDGs) that Standard Bank is trying to achieve. Motivate with examples from the Standard Bank report. 10 2 Use the SMART principle to evaluate Standard Bank’s short and medium targets(goals). 10 3 a) Standard Bank’s mission statement is “To facilitate real economic activity and support South Africa’s socio-economic development by being a purpose-driven financial institution that provides inclusive, sustainable, and innovative financial solutions to its clients, driving growth across Africa”. Evaluate this mission statement to determine whether it meets the requirements of a well-formulated mission statement. Afterwards, make recommendations as to what additional information Standard Bank could include in their mission statement. (5 marks) Hint: When evaluating the mission statement use a table with the following headings: aspects, yes/no and excerpt from the mission statement. b) Formulate a vision statement for Standard Bank. (2 marks) c) Evaluate the vision statement in b) above to determine whether it meets the requirements of a good vision statement. (8 marks) Hint: When evaluating the vision statement use a table with the following headings: characteristics, yes/no, reason(s). 15 2 4 a) Describe what the Balanced Score card entails when used in strategic planning. (2 marks). b) Use the four perspectives of the Balanced scorecard to formulate goals/targets that are aligned with the strategic direction of Standard Bank.