Corporate Strategy Guidelines for Exam Prep Workshop General Notes 1) Students need to interrogate the questions before attempting them 2) Ensure that relevant theory is incorporated into the discussion 3) Theory needs to be applied to practise 4) The use of additional information : models, theories, stats and relevant diagrams will be useful when answering the questions. 5) It is also good practise to work with past year exam papers which are available on the website : mymancosa.co.za Structure of Exam Paper ( Applicable to Final & Supp Exams) 1) This is an Open Book Examination Students may use textbooks, lecture notes and other resources except the internet during the examination 2) The duration of the paper is 3.5 hours 3) Section A – Required to ANSWER ALL QUESTIONS. This is 60% of the paper. This Section deals with a case study 4) Section B – Students are given THREE questions but are expected to answer ONLY TWO. These are essay type questions and consists of 40% of the paper 5) Students are advised to manage their time in terms of reading, understanding and completing the questions. Focus Areas Although these sections have been highlighted as the main focus of the study, it is very important that students have a detailed understanding of the subject matter holistically 1) Strategic Management Process & Alignment 2) Evaluating a Company’s external environment 3) Evaluating a Company’s Resources and Competitive position 4) Tailoring strategy – fit to specific companies 5) Impact of Culture, leadership &Teamwork 6) Performance Management 7) Corporate Governance and Ethics The use of textbooks in conjunction with the module will give students a detail understanding of the subject matter. SAMPLE QUESTIONS 1) Based on the case information , describe and briefly explain the main competitive advantages of New Balance. To what extent do these identified competitive advantages comply with the generally accepted requirements for sustainable competitive advantages? 2) Identify what you consider to be “market opportunities”. Discuss how this impact on management views. 3) Explain the purpose and importance of internal analysis of a company’s strength and weakness in strategy development and strategic development. 4) Briefly discuss how industry and firm situations affect the development and formulation of a company’s competitive strategy and why these situations should be considered in strategy development. 5) Explain why organisational structure is so important in strategy implementation with reference to the organisation structure of your own organisation. Substantiate your findings. 6) “Performance and Development Management” is the key process in providing the link between the vision and strategy and the integration of people management process”. Critically discuss this statement and explain the management performance in terms in annual performance and development management cycle. Motivate your answer.