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Identify TWO of the five competitive forces that shape a company’s strategic activities.
The bargaining power of buyers and suppliers
The motivation of buyers with and/or without the suppliers
The intensity of support among existing competitors
The opportunities for new entrants in the market
Step by step
Solved in 4 steps
- 4. Suppliers helps the company to promote, sell, and distribute its goods to final buyers. MICRO MARKETING 5. Suppliers are unimportant link in the "value delivery system." MICRO MARKETING 6. Company must gain strategic advantage against the competitions. MICRO MARKETING 7. Publics are groups that has an interest in or impact on an organization's ability to achieve its downfall. MICRO MARKETING 8. Areas inside a company can be considered as macro environment. MICRO MARKETINGYou have recently been appointed as the executive director responsible for the purchasing function at Pick’n’Pay, which is one of the leading supermarkets in South Africa and other African countries. You notice that there are no documents that outline the roles and responsibilities of the buyer as well as the criteria that is used to select suppliers. Describe the below roles and responsibilities of the buyer. Include the use of examples to support your write up. 1.Doing price /cost analysis 2. Doing market Research 3.Maintaining and improving Quality 4. Developing contracts and negotiating with suppliers 5.Improving the organisation’s competitive positThe options for remedying a cost disadvantage associated with activities performed by forward channel allies include A) switching to lower priced substitutes. B) pressuring forward channel allies to reduce their costs and markups. C) implementing a benchmarking program and adopting best practices. D) shifting into the production of substitute products. E) shifting from a differentiation strategy to a best-cost strategy or focus strategy.
- 118- In the GE-Mckinsey Matrix, Industry Attractiveness indicates the potential for ______. Suppliers Sellers Competition ProfitabilityAs competitive forces increases, customers demand better products, faster delivery, increased service and decreased costs. In a dynamic environment, maintaining a competitive advantage is a major survival factor, hence decision maker faces multiple goals in making the buying decision. Advice management on how the triple bottom line concept (king 11 report) can be used by procurement executives in meeting the strategic objectives of the organisation. Use PPC ( cement manufacturing company) in the explanation.factor/s that affects shifts of the supply curve is/are the following factor/s. i). The price of the good or service ii). The number of sellers in the market iii). Technology iv). Consumers income Question 12Answer (ii) and (iii) (i) and (ii) (iv) only (iii) only
- Please paraphrase It is important that the supply management student recognize an important point about the sequence in the category management process: Few organizations have fully executed the more complex strategies found in Phases 3 and 4. This is because of a variety of factors including the relative complexity of higher-level strategies, the resources and commitment necessary to execute the strategy, the lack of a supply base optimization effort, and personnel who lack the skills and capabilities necessary for developing advanced sourcing strategies. However, those that successfully execute more sophisticated and comprehensive sourcing strategies should realize greater performance improvement over time.C. How can organizational buyers ensure ethical sourcing and responsible procurement practices?4.Organizations reduce number of suppliers by a. Use of direct marketing. b. Online marketing. . Adopting improved material processing strategy d. Use of single sourcing.
- Motivations for sellers in an M&A transaction are: O a. Better investment options. O b. Exit O c. Management problems O d. All of them.Match the following component of a Porter’s 5 Forces analysis to the correct description: Supplier power The ability of customers to influence the price which firms can charge for good/service The number of firms offering a directly related product and the intensity of competition between them and the focal firm The ease with which consumers can switch to a related, but different, good/service in place of the products offered by the company How difficult is it for new firms to join the industry The extent to which distributors can influence the cost of inputs for the firmWhich of the following statements most accurately describes the relationship between trading groups and MNEs? Trading groups have no influence on the size of the regional market. Regional trading groups can define the rules under which companies must operate within that region. Companies never need to change their organizational structure to take advantage of regional trading groups. Regional trading groups have no influence on an MNE's strategy since they operate worldwide.