Description
MNG3701 Assignment 1 Semester 1 | Due 13 March 2025. All questions answered. Instructions:
Conduct an internet search and access the Standard Bank of South Africa Integrated Report for 2023.
Read the report and answer the following questions in an essay format of 2 500 – 3 000 words (maximum of 10 pages).
1. Start the essay with an introduction.
2. Each question should be answered in a separate paragraph with a clear heading/sub-heading.
3. When answering the question, begin with a theoretical overview based on the prescribed material and additional resources and then apply the theory to the case study.
4. Use in-text citations to acknowledge your sources and include a full list of references.
5. End your essay with a conclusion.
6. All the questions should be answered as part of the essay with one introduction, a body and one conclusion.
Questions
Marks
1
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).
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.
(8 marks)
10
5
Technical requirements
Marks will be allocated for having an introduction, using in-text referencing, using different sources, having a conclusion and providing reference list.
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