(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.
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.
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 exs to demonstrate your answer.
Analyze Reck and long four (4) stage purchasing development model.
Illustrate out Porter’s five forces model of industrial attractiveness.