Appendix 1 JAN 2021 ASSIGNMENT TASKS: CLO 3 Explain the role of management accounting in planning process and decision making in a wider organization context. Question 1 The year 2020 has been exhausting in so many ways, but it has also been an excellent stress test of an organisation's resilience and adaptability. We have seen distillers move from producing vodka to hand sanitiser, restaurants initiate takeaway and delivery services in days, and governments deploy unprecedented economic stimulus to try to mitigate the economic impact of the COVID-19 pandemic. As in 2021, there are powerful lessons that can help organisations navigate the uncertainty ahead by understanding and building strategic resilience. Organisations that excel at this have strategies that remain relevant in uncertain and volatile markets, and tactical plans, budgets, and operational actions that can rapidly adapt to changing circumstances. Among the lessons organizations can learn from 2020 is the value of a plan that can account for unforeseen events. Clearly defined strategy provides a strong base. (CIMA, Financial Management Magazine, December 2020) Required: Companies that thrive in difficult environments often are ones that exhibit a high level of strategic resilience. State and explain at least THREE (3) main attributes that make a company strategically resilient. (13 marks)