MNG3701 Assignment 2 Semester 1 | Due 14 April 2025

Description

MNG3701 Assignment 2 Semester 1 | Due 14 April 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 questions that follow 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

Strategic leaders can analyse a particular competitor in the industry in detail by applying the four-corner analysis to predict what a particular competitor will do in the future. Identify one major competitor of Standard Bank of South Africa and apply the four-corner analysis to analyse the competitor.

a) Briefly explain the ‘four-corner analysis.’ (1 mark)
b) Identify one major competitor of Standard Bank South Africa. (1 mark)

c) Apply the four-corner analysis to analyse the identified competitor of Standard Bank South Africa. (8 marks)

2. The report states that South Africa’s credit recovery remained strained with high inflation, tighter credit conditions, a weaker rand, interest rate increases, and an increase in unemployment. As an expert in strategic planning, advise Standard Bank of South Africa on the reasons why the cost leadership strategy would be an appropriate Business-level strategy to follow.
Hint:

a) Discuss what cost leadership entails. (2 marks)
b) Briefly discuss one practical way in which Standard Bank of South Africa can apply the cost leadership strategy. (2 marks)

All questions have been answered……………