Side panel 2There are 2 unread conversations MNG3701-26-S1 Welcome Message Assessment 2 Quiz Assessment 2 Question 57 Not yet answered Marked out of 1.00 Flag question Question text "A university unit is responding to rapid digital transformation in its sector. Recently, it has been expanding into neighbouring SADC markets. Managers disagree on how to respond, and senior leadership wants a decision within the next quarter. The team must choose an approach that fits the situation and long-term direction. Question: Which option best applies the concept of capturing value (appropriability, bargaining power) to the situation above?" a. Rely only on ad hoc intuition because formal approaches slow down decision-making. b. Focus exclusively on short-term financial results and postpone all other considerations. c. Adopt the same approach used by competitors without analysing the organisation’s context. d. Apply capturing value (appropriability, bargaining power) appropriately to meet objectives while considering context. Question 58 Not yet answered Marked out of 1.00 Flag question Question text "A manufacturing plant is operating across several provinces. Recently, it has been expanding into neighbouring SADC markets. Managers disagree on how to respond, and senior leadership wants a decision within the next quarter. The team must choose an approach that fits the situation and long-term direction. Question: Which option best applies the concept of strategy-as-practice: what strategists do to the situation above?" Select one: a. Adopt the same approach used by competitors without analysing the organisation’s context. b. Rely only on ad hoc intuition because formal approaches slow down decision-making. c. Focus exclusively on short-term financial results and postpone all other considerations. d. Apply strategy-as-practice: what strategists do appropriately to meet objectives while considering context.

You're on a roll — Question 57: The question asks which option best applies the concept of capturing value (appropriability, bargaining power) to the given situation. The situation involves a university unit responding to digital transformation and expanding into SADC markets, needing a decision that fits its situation and long-term direction. Capturing value* refers to how an organization secures the economic benefits from its activities, innovations, or resources. Appropriability* is the extent to which a firm can retain the value created by its innovation or unique offerings. Bargaining power* relates to the ability of the organization to influence terms with stakeholders (e.g., students, partners, suppliers) to secure favorable outcomes. In the context of digital transformation and SADC expansion, the university unit needs to consider how it can best secure the benefits from its new digital offerings or market presence. a. Relying on ad hoc intuition is not a strategic approach to value capture. b. Focusing exclusively on short-term financial results would neglect the long-term strategic considerations of appropriability and bargaining power in a transforming and expanding market. c. Adopting competitors' approaches without analysis would ignore the university unit's unique position and potential for differentiated value capture. d. Applying capturing value (appropriability, bargaining power) appropriately means systematically considering how the university unit can best secure the benefits from its digital transformation and SADC expansion, leveraging its unique offerings and negotiating position, all while aligning with its objectives and long-term direction. Therefore, the best option is to apply these concepts by considering how to secure value within the specific context. The correct option is d. Question 58: The question asks which option best applies the concept of strategy-as-practice: what strategists do to the given situation. The situation involves a manufacturing plant operating across provinces and expanding into SADC markets, needing a decision that fits its situation and long-term direction. Strategy-as-practice focuses on the actual activities, interactions, and practices of individuals involved in strategy making within an organization, rather than just the formal plans or structures. It examines how strategy is done* in practice. This concept emphasizes the human element and the day-to-day work of strategists (managers) in shaping and implementing strategy. a. Adopting competitors' approaches without analysis would ignore the internal strategic processes and actions of the plant's own strategists. b. Relying only on ad hoc intuition is not a systematic understanding of strategic practices, although informal aspects can be part of strategy-as-practice. c. Focusing exclusively on short-term financial results would overlook the ongoing strategic activities and decisions made by managers that contribute to long-term direction and expansion. d. Applying strategy-as-practice appropriately means examining the actual activities, discussions, and decisions made by managers (strategists) within the manufacturing plant as they navigate expansion and long-term direction. This approach considers how these practices shape the strategy in the specific context and helps meet objectives. Therefore, the best option is to apply this concept by considering the actual work and interactions of strategists within the organization. The correct option is d. What's next?