Question 1. Strategy Overview (answer length: -1.3 pages) According to the prescribed text book (Johnson, G., Whittington, R., Regner, P., Scholes, K., & Angwin, D. (2017), Exploring Strategy), strategy is defined as the long-term direction of an organisation. The three elements of this strategy defined as the long term, direction, and organisation. a. Using an organisation of your choice, as a reference, discuss the relevance of the three (3) elements of strategy, given the impact of the COVID pandemic and the fourth industrial revolution. (10 marks) b. Discuss the importance of a long-term perspective on the organisation's strategy as emphasized by the three horizons' framework. (10 marks) Question 2. External and Internal Analysis (answer length: 1-2 pages) You have been newly appointed as the Director in the Department of Higher Education (DHET). The National Development Plan (NDP) envisages that by 2030, South Africans should have greater access to post-school education and training opportunities through a system that is responsive to their needs. The DHET was expected to give expression to these guiding policies by focusing on transforming universities and increasing student financial aid; expanding access to TVET colleges and improving their performance; developing artisans, and strengthening the governance of the community education and training sector. Carry out a PESTEL analysis and identify key opportunities and threats as inputs in guiding the policies in developing a strategy for DHET. (15 marks) Question 3. Culture (answer length: 1-3 pages) You are the CEO of an organisation that is developing a new strategy. However, you fear that the culture might not be well suited to support the implementation of the strategy. Describe how you would go about analysing the behavioural , physical and symbolic manifestations of the culture and propose potential fixes across these dimensions. (15 marks) Question 4. Resources and Capabilities (answer length: 1-2 pages) Using an organisation of your choice, select a specific function, as a reference. a) Discuss the importance of resources and capabilities (5) and b) Apply the VRIO framework as a tool to analyse whether the organisation has the resources and capabilities to achieve and sustain its competitive advantage. (10 marks) Question 1. Strategy Overview (answer length: -1.3 pages) According to the prescribed text book (Johnson, G., Whittington, R., Regner, P., Scholes, K., & Angwin, D. (2017), Exploring Strategy), strategy is defined as the long-term direction of an organisation. The three elements of this strategy defined as the long term, direction, and organisation. a. Using an organisation of your choice, as a reference, discuss the relevance of the three (3) elements of strategy, given the impact of the COVID pandemic and the fourth industrial revolution. (10 marks) b. Discuss the importance of a long-term perspective on the organisation's strategy as emphasized by the three horizons' framework. (10 marks) Question 2. External and Internal Analysis (answer length: 1-2 pages) You have been newly appointed as the Director in the Department of Higher Education (DHET). The National Development Plan (NDP) envisages that by 2030, South Africans should have greater access to post-school education and training opportunities through a system that is responsive to their needs. The DHET was expected to give expression to these guiding policies by focusing on transforming universities and increasing student financial aid; expanding access to TVET colleges and improving their performance; developing artisans, and strengthening the governance of the community education and training sector. Carry out a PESTEL analysis and identify key opportunities and threats as inputs in guiding the policies in developing a strategy for DHET. (15 marks) Question 3. Culture (answer length: 1-3 pages) You are the CEO of an organisation that is developing a new strategy. However, you fear that the culture might not be well suited to support the implementation of the strategy. Describe how you would go about analysing the behavioural , physical and symbolic manifestations of the culture and propose potential fixes across these dimensions. (15 marks) Question 4. Resources and Capabilities (answer length: 1-2 pages) Using an organisation of your choice, select a specific function, as a reference. a) Discuss the importance of resources and capabilities (5) and b) Apply the VRIO framework as a tool to analyse whether the organisation has the resources and capabilities to achieve and sustain its competitive advantage. (10 marks)