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Assignment instructions
- Answer all 6 (six) Questions
- Clear explanation and use of relevant examples.
Question One
“Strategic management is everything a company needs.” Discuss this quote paying particular attention to the definition and different stages of strategic Formulation, Implementation and Evaluation.
Question Two
Organizational structures are key in strategic planning implementation and effective management of any organization as it determines a number of management activities that go in an organization and how they are actually done. Explain the importance of organizational structure to an organization and its management; examine the factors that determine the span of control of a manager in an organization.
Question Three
The environment creates changes that have to be addressed for good strategic management. Discuss the PEST and SWOT analyses that address these environmental challenges.
Using relevant illustrations, critically analyze the applicability of the above statement.
Question Four
Decision Making is seen as key to the success of any manager as his/her achievements largely depend on the effectiveness of the decisions made. As a student of strategic management;
- Discuss the different types of decisions made in an organizational.
- Explain the different conditions under which decisions are made.
- Examine the applicability of Rational decision-making model in modern management.
Question 5
Change Management is an important element of organizational development if well implemented. Any change leader/agent should therefore focus on effective change management by addressing those aspects, which could cause resistance to change. Evaluate the statement.
Question six
Governance is key in strategy formulation, implementation and evaluation; critically examine governance in strategy management.
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