1.10 The acronym SWOT stands for:
a. Special Weapons for Operations Timeliness
b. Services, Worldwide Optimization, and Transport
c. Strengths Worldwide Overcome Threats
d. Strengths, Weaknesses, Opportunities, and Threats
SECTION B: STRUCTURED QUESTIONS
QUESTION 2 - Basic Concepts of Strategic Management, Governance and Leadership [28)
2.1 Apply real practical examples from TVET to explain the difference between the concepts
below:
2.1.1 Vision and Mission (2)
2.1.2 Leadership and Management (4)
2.1.3 Policies and Procedures (4)
2.1.4 Stakeholders and Shareholders (4)
2.1.5 Strategic Planning and Operational Planning (2)
2.2 Write short notes to clarify the strategic management and leadership concepts below. Support
your answers with real examples from the TVET environment.
2.2.1 Institutional Values (3)
2.2.2 Organisational goals (3)
2.2.3 Organisational Objectives (3)
2.2.4 Administration (3)
QUESTION 3 - Strategy and Leadership [25)
3. Strategic management is a process for formulating and implementing a strategy.
3.1 Elaborate in your opinion the difference between Strategy and Strategic Management of an
organisation? (7)
3.2 Briefly discuss the key elements of strategic planning? (5)
3.3 Identify the two types of stakeholders in the strategic planning process for TVET institutions.
Give four (4) examples of each type. (10)
3.4 Give any three examples of functional strategies in an institution. (3)
41Page