Question 1:
(a) Conceptualise ‘strategy’ and illustrate out ‘strategy’ from Mintzberg’s approach.
(b) Make a distinction between strategic management and strategic planning.
(c) Make a distinction among Corporate, Institutional and Competitive strategies.
Question 2:
In this era of the globalization, it is significant to determine the building blocks of purchasing strategy and defining them for employ as the basis for upgrading a purchasing function in a world-class operation. Illustrate out the building blocks of an effective purchasing strategy.
Question 3:
Surveys demonstrate that only 10% to 15% of company strategies are successfully implemented. Discuss and illustrate out why purchasing strategies fail to get implemented. Provide examples to demonstrate your answer.
Question 4:
Analyze Reck and long four (4) stage purchasing development model.
Question 5:
Illustrate out Porter’s five forces model of industrial attractiveness.